Efforts to Eliminate CO2 Emissions from Power Consumption at Toho Studios2023/06/16
Toho Co., Ltd. (“Toho”) and JERA Co., Ltd. (“JERA”) hereby announce that they have concluded a basic agreement as part of their efforts to eliminate CO2 emissions from power consumption at Toho Studios, Japan’s largest film studio.
Toho, which operates in the entertainment sector centered around film, and JERA, which drives pioneering efforts to eliminate CO2 emissions from the energy sector, have explored the possibilities for bringing their respective strengths together to collaborate on efforts to eliminate CO2 emissions from power consumption at Toho Studios. (2021 17 Dec. 2021 press release).
Toho and JERA have agreed, as part of their efforts to eliminate CO2 emissions from power consumption at Toho Studios, to gradually introduce 24/7 carbon-free energy1 at Toho Studios beginning in fiscal 2024.
In addition, Toho and JERA will draw up a roadmap for eliminating CO2 emissions from power consumption at Toho Studios that will achieve the reduction of CO2 emissions and open new possibilities for a sustainable global environment.
These initiatives are part of ongoing efforts by both companies to achieve a sustainable society.
1 24/7 carbon-free energy is electric power that emits no CO2 twenty-four hours a day, seven days a week, 365 days a year. The 24/7 carbon-free energy to be introduced at Toho Studios will be achieved based on the supply of clean energy generated by solar and other renewable energy sources, as well as zero-emission hydrogen-fired thermal power, and combined with the latest digital technology to make electric power demand and CO2 emissions visible in real time while enabling future simulations.
About Toho Co., Ltd.
With its film production, distribution, and exhibition business and theatrical production and exhibition business firmly supported by a real estate portfolio that includes properties like the Shinjuku Toho Building and Hibiya Chanter, Toho provides high-quality entertainment to a wide range of customers, pouring its energies into animation production, DVD production and sales, and expanding its network of Toho Cinemas cinema complexes. Since 1954, Godzilla has been one of Toho’s best-known IPs, one that remains beloved by fans around the world.
About JERA Co., Ltd.
JERA is a global energy company established by the Tokyo Electric Power Company and the Chubu Electric Power Company in April 2015. It is Japan’s largest power generator, with roughly 70 million kW of domestic power generation assets that supply approximately 30% of the country’s electricity. In addition, it has roughly 10 million kW of power generation assets overseas. In October 2020, the company announced JERA Zero CO2 Emissions 2050, its objective of eliminating CO2 emissions from its domestic and overseas business by 2050. In addition to expanding renewable energy, the company is also working to develop “zero-emissions thermal” that emits no CO2 during power generation.
About Toho Studios
Since its founding in 1932, Toho Studios has produced masterworks of Japanese cinema such as The Blue Mountains, Station, and films by director Akira Kurosawa such as Seven Samurai, while also creating popular hits such as Shin Godzilla and the rest of the Godzilla series. Japan’s largest movie production site, Toho Studios offers an integrated work environment for preparing, shooting, and finalizing all manner of moving images including television shows and commercials.
