Supply begins December 26, 2023
The Toyota brand is going towards achieving carbon neutrality. And they are doing that not just with their vehicles, but more importantly with their manufacturing plants.
Toyota Motor Philippines Corporation (TMP), has signed a Retail Supply Contract (RSC) with a local supplier to provide green-backed electricity for its manufacturing operations. Team (Philippines) Energy Corporation – the retail electricity supplier – will commence its supply to TMP on December 26, 2023.
Based on the RSC, every megawatt hour will be backed by an International Renewable Energy Certificate or I-REC(E), which verifies its sourcing from a domestic RE plant. This move allows TMP to achieve a 100% Renewable Energy (RE) ratio by supplying approximately 90% of the Company's total electricity requirement, complementing the rest of RE sourced onsite from an existing 1.46-megawatt rooftop solar power system.
Until year 2035, TMP is geared towards decarbonizing the rest of its energy sources for manufacturing, particularly for petrol-type generators, ovens, and boilers for painting processes.
“This energy transition will neutralize TMP’s Scope 2 Emissions, particularly the indirect carbon dioxide emissions from purchased electricity for manufacturing operations. Such is a significant milestone for TMP and its mission to address climate change, making its automotive manufacturing plant in Santa Rosa City, Laguna the front-runner and early achiever of 100% RE ratio target for Toyota in the ASEAN region,” said TMP president Atsuhiro Okamoto.