Marubeni : Certified Green Power Used at Marubeni Ordinary General Meeting of Shareholders
June 24, 2022 at 02:16 am EDT
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Jun. 24. 2022
Marubeni Corporation
Marubeni Corporation (hereinafter, "Marubeni") and Palace Hotel Co., Ltd. (hereinafter, "Palace Hotel") used certified green power at the venue of Marubeni's 98th Ordinary General Meeting of Shareholders at the Palace Hotel Tokyo today, June 24. This is the thirteenth time that Marubeni has used green energy at its Ordinary General Meeting of Shareholders.
Green power refers to electricity that is generated by renewable energy such as hydropower, wind power, biomass, solar power and geothermal power. Marubeni and Palace Hotel use the "Green Power Certificate System" that trades in environmental added-value green energy. By purchasing certified green power (1,500kWh) from Mibugawa Power Company, a renewable energy operator and 100% Marubeni-owned subsidiary, Palace Hotel used green power at the venue of the Ordinary General Meeting of Shareholders.
By using the green power system, Marubeni will accelerate the implementation of environmental measures in its domestic power businesses and continue to promote its environmental efforts in various forms.
Overview of Mibugawa Power Company:
Business Area:
Power generation and wholesale supply business
Head Office:
4-2, Ohtemachi 1-chome, Chiyoda-ku, Tokyo, Japan
Power Station:
Ina City, Nagano Prefecture
Representative:
Takeshi Yamamoto (President)
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Marubeni Corporation published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 06:15:01 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
