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Environment

Sony to triple renewable energy usage to 15% within 5 years

$9m green venture fund also part of ESG initiative

A solar farm in Porto Feliz, Brazil. Sony will use more electricity from renewable sources.   © Reuters

TOKYO -- Sony announced Thursday that at least 15% of the electricity used by the Japanese technology group will come from renewable sources by the middle of the decade.

This is part of a five-year green initiative that will start in fiscal 2021. The company also unveiled a new corporate venture capital fund that will invest 1 billion yen ($9.4 million) in environmental technology startups.

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