Seven & I Holdings, 7-Eleven’s parent company, is to invest US$1 billion to reach carbon neutrality by 2050, according to Nikkei Asia.
The company aims to reduce its greenhouse gas emissions to zero at its retail stores, where more than 90 per cent of its power consumption takes place. Seven & I said it will also invest $960 million into the environmental sector over the next five years.
To reach the target, the retail conglomerate will install solar panels and LED lamps across its outlets while partnering with Toyota Motor to run fuel-cell trucks for the distribution. Renewable power plants, including wind farms and hydroelectric plants, will also be invested.
In the US, 7-Eleven will feature charging stations at 250 retail stores, encouraging electric-car use.
Seven & I generates 2.2 million tons of greenhouse gas per year, accounting for the highest amount among Japan’s retail store operators. Similar to 7-Eleven, Japanese retailer Aeon has also joined the carbon neutrality mission, targeting zero emissions by 2050.