Tokyo Bay Traders, www.tokyobaytraders.com Announces Five-Year Renewable Energy Commitment
Purchase Covers 75 Percent of Tokyo Bay Traders Electric Consumption.
- (1888PressRelease) September 18, 2011 - TOKYO - Tokyo Bay Traders, www.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.
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 Tokyo Bay Traders.
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.
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