openPR Logo
Press release

Tokyo Bay Traders Announces Five-Year Renewable Energy Commitment

09-20-2011 09:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Tokyo Bay Traders

Tokyo Bay Traders, tokyobaytraders.com announced today that it will purchase 500,000 Renewable Energy Credits, or RECs as part of a five-year investment in alternative energy. Tokyo Bays investment is equivalent to 100 million kilowatt-hours (kWh) per year, or 75 percent of the company's projected electric utility use in 2012.

Tokyo, Japan, September 20, 2011 -- Tokyo Bay Traders Announces Five-Year Renewable Energy Commitment. Purchase Covers 75 Percent of Tokyo Bay Traders Electric Consumption

Tokyo Bay Traders announced today that it will purchase 500,000 Renewable Energy Credits, or RECs as part of a five-year investment in alternative energy. Tokyo Bays investment is equivalent to 100 million kilowatt-hours (kWh) per year, or 75 percent of the company's projected electric utility use in 2012.

As a result of this investment, and based on a national average emissions rate, the company will avoid the indirect carbon dioxide (CO2) emissions of more than 15,000 passenger vehicles per year, or the equivalent amount of electricity needed to power more than 10,000 average homes annually.

A REC purchase ensures that the associated amount of electricity a company or an individual uses is replaced on the power grid with renewable electricity. The five-year agreement provides that 100 percent of the revenue from the company's purchase will be directed to building new renewable energy projects in Japan, such as wind and solar power. These clean resources generate electricity without producing carbon dioxide or other harmful pollutants.

"Environmental sustainability is one of the core pillars of our corporate social responsibility program," said Ai Kato, managing director of Tokyo Bay Traders corporate services division. "By adopting a 'greener' operating model through investments like this, we are helping to drive the development of environmentally sound and sustainable power sources."

The company also provides environmental investment products and services to the financial markets, and has established an employee culture that values and recognizes the benefits of environmentally sustainable operations.

About Us:
Tokyo Bay Traders is a financial services company focused on helping clients manage and service their financial ambitions, providing fast, reliable advice and execution on over 50 markets. Tokyo Bay Traders offers investment management and investment services through a fully trained, client focused team.For more information please visit www.tokyobaytraders.com.

Tokyo Bay Traders is a financial services company focused on helping clients manage and service their financial ambitions, providing fast, reliable advice and execution on over 50 markets.

Contact:
Miki Miyaki
Tokyo Bay Traders
Kaigan, Minato-Ku
Tokyo, Japan 105-0022
813-4578-0264
marketing@tokyobaytraders.com
http://www.tokyobaytraders.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tokyo Bay Traders Announces Five-Year Renewable Energy Commitment here

News-ID: 192500 • Views: 1215

More Releases from Tokyo Bay Traders

Tokyo Bay Traders Announces Environmental Policy
Tokyo Bay Traders announced today that it has adopted a comprehensive policy that applies high environmental standards to the firm's global business activities. Tokyo, Japan, October 10, 2011 -- Tokyo Bay Traders announced today that it has adopted a comprehensive policy that applies high environmental standards to the firm's global business activities. As part of a broad commitment, the firm has adopted principles and guidelines that promote environmental and social responsibility
Tokyo Bay Traders Appoints Chief Risk Officer
Tokyo, Japan, October 10, 2011 -- Tokyo Bay Traders has appointed Kiyoshi Ando as Group Executive Chief Risk Officer. Ren Ito, Head of Global Client Management for Tokyo Bay Traders said, "I am very pleased to have Kiyoshi join our senior leadership team in the new position of Group Executive, Risk Management. Kiyoshi is a high calibre executive with very strong financial and risk management experience in many areas of banking
Tokyo Bay Traders Announces Commitment to Disability Action Plan
Tokyo Bay Traders today announced a new Disability Action Plan to better meet the needs of customers and staff with a disability. Tokyo, Japan, October 06, 2011 -- Tokyo Bay Traders: today announced a new Disability Action Plan to better meet the needs of customers and staff with a disability. Developed as part of Tokyo Bay Traders Customer Disability Anti-Discrimination Policy, the Disability Action Plan follows consultation with disability advocacy groups and
Tokyo Bay Traders Announces Minimum 4% Salary Increase
Tokyo, Japan, October 06, 2011 -- Tokyo Bay Traders today announced it would pay eligible Japanese staff a minimum 4% salary increase from July 2012. Staff will continue to have access to additional performance pay of between 2% and 7%. Tokyo Bay Traders has also introduced a range of other initiatives for staff in recent years including: • the ability for all staff to salary sacrifice for pension/annuity schemes. • providing staff with

All 5 Releases


More Releases for Renewable

Renewable Energy Market Comprehensive Study by Leading Key Players: AREVA Renewa …
HTF MI recently introduced Global Renewable Energy Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are EnBW, Duke Energy, Southern Company, Exelon Corporation, Hawaiian Electric, RWE Group,
Transforming Saudi’s Renewable Energy
The National Renewable Energy Program is trending in Saudi. The program is designed to achieve long-term economic stability and prosperity in the KSA. The Kingdom is targeting the generation of 3.45 gigawatts (GW) of renewable energy by 2020 and 9.5GW by 2023. The vision is supported by an abundant solar resource, land availability, an A-rated sovereign credit, & a strong economy. Understanding the existing situation in Saudi, the SRES initiative brings
India Renewable Energy Sector Analysis
Renewable energy contributes substantially to the total power generation capacity in India. In fact in FY’2012, only about 56% of the total electricity produced used coal as the source of fuel to generate electricity, 20% power was produced by hydro or water based sources, 12% electricity was generated using renewable energy sources and gas contributed 9% to the total power generation. while 2% and 1% contribution came from nuclear
Emerging Renewable Energy Implementation in GCC
GCC region is shifting focus from its most prized asset, hydrocarbons. Oil and gas, though, still dominates the trade in and out of the GCC Region but it is looking to develop its renewable sources of energy as well. All the GCC countries have started to take the renewable energy way, contrary to their most important possession, non renewable (Hydrocarbons). The growing economy with growing population has affected a growth
Renewable Energy Markets Association (REMA)
WASINGTON, October 27, 2011 - Illustrating its voice and breadth in the renewable energy markets, the Renewable Energy Markets Association (REMA) today welcomed its newest member, EDP Renewables North America (EDPR NA). Based in Houston, TX, EDPR NA (formerly known as Horizon Wind Energy) develops, constructs, owns and operates wind farms throughout including over 20 wind farms across the United States. The addition of EDPR NA to REMA's membership represents
Sector Spotlight - Q1 2011 Renewable Energy Roundup
By Peter Kneller Regulatory changes formed a large part of the news in the renewable energy sector in Europe in the first three months of the year, with incentive systems in France, Italy and the UK all being the subject of alterations. On the deals side, utilities’ sales of equity stakes in offshore wind farms continued with Dong selling off a 50% share in Anholt to Danish pension funds, while in