Mitsubishi Electric, CP Group To Promote Carbon Neutrality, Circular Economy In Thailand

KUALA LUMPUR, Feb 18 (Bernama) -- Mitsubishi Electric Corporation and Charoen Pokphand Group (CP) have signed a memorandum of understanding (MoU) to jointly work on environmental sustainability in Thailand.

According to Mitsubishi Electric in a statement, their collaboration focuses on carbon neutrality and circular economy, with the aim of contributing to a more sustainable society.

In terms of carbon neutrality, both companies have committed to achieving net-zero greenhouse gas (GHG) emissions from their respective factories and offices by 2030, with plans to reach net-zero emissions across their entire value chains by 2050.

Additionally, they will work towards reducing waste and environmental impacts by implementing more efficient and circular use of resources, including recycling, in terms of circular economy.

Both companies aim to tackle social challenges by creating new solutions, business models, and environmental values that can be achieved primarily through joint collaboration and utilisation of knowledge and assets.

Initially, they will promote carbon neutrality and the circular economy in Thailand by combining Mitsubishi Electric’s products, technologies, and data utilisation knowledge with CP Group’s business infrastructure and subsequently offering new environmental value to potential customers.

The two companies will continue to explore further collaboration, including the joint development for the practical application of advanced technologies with artificial intelligence, robots, and more.

-- BERNAMA