NEWS/RELEASE
TANAKA Precious Metals Participates in the Ministry of Economy, Trade and Industry’s GX League
~Initiative that balances environmental protection and economic growth toward a society centered on clean energy~
April 26, 2024
TANAKA Holdings Co., Ltd. announces that TANAKA Precious Metals has participated in the GX League*1, a concept established by the Ministry of Economy, Trade and Industry that started activities in fiscal 2023. The GX League drives green transformation (GX) in Japan as a framework that covers more than 50% of greenhouse gas emissions in Japan.
The GX League sees initiatives for realizing carbon neutrality in 2050 and achieving greenhouse gas emission reduction targets as opportunities for economic growth. With the building of an economic and social system for achieving reduction of greenhouse gas emissions and improvement of industrial competitiveness as its target, the GX League is a platform for companies seeking sustainable growth to cooperate with government and academic spheres. A wide range of companies participate in the GX League, including those in the transport sector such as air, rail, and land transport, semiconductor and other manufacturing industries, real estate companies, and the information and technology sector. TANAKA Holdings supports this concept and became a new participant in April 2024*2.
TANAKA Precious Metals positions climate change measures as an important management issue. It is undertaking Operation Polaris*3 toward achieving carbon neutrality by 2050. To achieve at least a 50% reduction of CO2 emissions by 2030 (compared to 2013 levels), proactive steps are being taken, including enhancing energy efficiency, optimizing manufacturing processes, implementing green energy solutions, and pursuing additional measures aimed at emission reduction. Recently, a decision was made to introduce fuel cells with a power generation capacity of 500 kW—one of the largest such facility in private-sector use in Japan as of now—at a production plant. Under this measure, hydrogen energy will be used to drive reduction of CO2 emissions.
Through this participation in the GX League, TANAKA Precious Metals aims to achieve a society centered on clean energy through interactions and cooperation with companies undertaking similar initiatives as well as with government and academic spheres.
*1: GX League： https://gx-league.go.jp/en/
*2: Ministry of Economy, Trade and Industry’s news release dated March 27, 2024：https://www.meti.go.jp/english/press/2024/0327_003.html
*3: TANAKA Precious Metals’ Statement on Carbon Neutrality：https://www.tanaka.co.jp/english/about/csr/carbon_neutral.html