Bridgestone Announces Expansion of Renewable Electricity Use at Four Domestic Tyre Plants as Part of the Global Sustainability Business Framework

Bridgestone Corporation (Bridgestone) today announced that it has switched all the electricity sourced from external sources^*1 to renewable energy including hydro, geothermal, solar, and wind energy to power four domestic tire plants in Japan – in Hikone, Tosu, Shimonoseki, and Kitakyushu.

The first plant to adopt renewable energy to power manufacturing operations was the Hikone Plant, on June 1. The other three plants made the change on July 1, 2021. This change of energy source is expected to reduce approximately 11 points in annual CO₂ emissions produced by Bridgestone domestic tire plants, and the total reductions of CO₂ emission including initiatives done by 2020 will be approximately 30% when compared to 2011. The ratio of renewable electricity at domestic tire plants will be increased to approximately 42%^*2. Bridgestone will continue to reduce CO₂ emissions by expanding renewable energy use, improving tire production energy efficiency, and installing new solar power generation systems in all the domestic tire factories through 2030.

Bridgestone Group is moving ahead with Sustainability Business Framework through the implementation of its Mid Term Business Plan (2021 – 2023)^*3 that aims to realize its vision to provide social value and customer value as a sustainable solutions company toward 2050. The Sustainability Business Framework is designed to contribute to realizing resource circulation, CO₂ reduction, a circular economy and carbon neutrality throughout its businesses.

In addition, the Group’s long-term environmental target established a goal to reach a carbon neutral state by 2050, while its Milestone 2030^*4 medium-term environmental targets include a 50% reduction in CO₂ emissions by 2030 when compared to 2011. As an example of the Group’s sustainability initiatives, European subsidiary Bridgestone Europe NV/SA recently completed the switch to renewable energy as the source of power for all of its business sites in Europe in March 2021. In addition, solar power generation facilities are being installed at plants such as the one in Aiken, South Carolina in the United States and in Wuxi in China. Through these and other efforts, the Group is aiming to increase the percentage of renewable energy used to power its operations from the current level of approximately 12%, to 50% by 2023.