TDK Philippines Corp. has tapped First Gen Corp. unit Energy Development Corp. to supply renewable energy to the entire manufacturing plant in Laguna.
The move forms part of TDK Group’s commitment to becoming part of the solution to various environmental and social issues related to climate change, as stated in its Environment Policy and Medium Term Plan 2023.
“The partnership with First Gen is a big step for TDK Philippines to achieve our environmental mission to a cleaner, decarbonized world. TDK will continue to reach its environmental targets from the perspective of the entire supply chain and create value for a sustainable society,” said TDK president and chief executive officer Tamotsu Aiba in a statement.
TDK’s manufacturing plant will soon enjoy a stable supply of 2.5 megawatts of geothermal energy. This will enable TDK to avoid a minimum of 13,139 tons of carbon dioxide from coal each year.