Bridgestone Further Invests toward Carbon Neutrality Goals with Solar Rooftop Panels Installation at Its Thailand Plant

• Bridgestone leverages clean energy utilization and contributes to the community and environment by utilizing solar energy which is one of the most significant renewable energy sources.
• The 9.95 MWp solar rooftop panels installation in the Nong Khae plant in Thailand is expected to generate a 97,500 tons reduction in total CO2 emissions, which will contribute to realizing Bridgestone Group's long-term environmental vision to reach carbon neutrality by 2050.
• This initiative aligns with the "Energy", "Ecology", and "Economy" values of the Bridgestone E8 Commitment.

Saraburi (December 19, 2022) — Thai Bridgestone Co., Ltd., (TBSC) announced today that it has installed solar rooftop panels to directly power the tire production process in its Nong Khae plant, Saraburi province. The largest solar rooftop panel among the Bridgestone Group with a total capacity of 9.95 MWp, is expected to generate a 97,500 tons reduction in total CO2 emissions over the next 15 years*1.

This project aligns with the commitments of “Energy: Committed to the realization of a carbon neutral mobility society”, “Ecology: Committed to advancing sustainable tire technologies and solutions that preserve the environment for future generations” and “Economy: Committed to maximizing the economic value of mobility and business operations” described in a corporate commitment, the “Bridgestone E8 Commitment."*2

Solar Rooftop Panels Installation in Thai Bridgestone Co., Ltd., Nong Khae Plant Opening Ceremony (In photo from left to right) Mr. Yasuhiro Morita, COO, Bridgestone China and Asia Pacific, Mr. Jutipong Boonsoong, Director, Thai Bridgestone Co., Ltd., Mrs. Suthanya Boonsoong, Wife of Chairman, Thai Bridgestone Co., Ltd., H.E. Mr. Kazuya Nashida, Ambassador Extraordinary and Plenipotentiary to Thailand, Mr. Masahiro Higashi, Joint Global COO, Bridgestone Corporation and Mr. Keiji Chuma, Managing Director, Thai Bridgestone Co., Ltd.

The solar rooftop panels installation will inspire carbon neutrality across the business and is an inspirational step in us reaching Bridgestone’s vision as a sustainable solutions company by 2050 and reinforces the importance of a tire production base in Thailand. At the solar rooftop panels opening ceremony, executives from Bridgestone Group, led by Mr. Masahiro Higashi, Joint Global COO, Bridgestone Corporation and Mr. Yasuhiro Morita, COO, Bridgestone China and Asia Pacific, joined and witnessed the success of the project held on December 16, 2022. This will mark the continual leveraging of sustainable business operations. In 2021, Bridgestone Group began using solar power rooftop systems in Bridgestone Tire Manufacturing (Thailand) Co., Ltd. for the first time in Thailand.

“Guided by Bridgestone’s mission "Serving Society with Superior Quality" and always focusing on global environmental issues, Bridgestone Group has been expanding and evolving our business to provide social and customer value through the global sustainability business framework to realize a carbon neutral economy. This aims to achieve the Group’s medium-term environmental targets including a 50% reduction in absolute CO2 emissions*3 and contribute to reducing more than five times our CO2 emissions*4 across the lifecycle*5 through products and services both by 2030” said Yoshikazu Shida, CEO, Bridgestone China and Asia Pacific.

“With Bridgestone’s environmental mission as well as to contribute to sustainable development in Thailand, Bridgestone Thailand has adopted environmental initiatives and projects to use renewable energy, especially in our tire production. This year, TBSC has marked a significant milestone by collaborating with Impact Solar Group (Thailand) Co., Ltd., to install a large-scale 9.95 MWp capacity solar rooftop panels at the Nong Khae plant and become the largest solar rooftop panels in terms of capacity among the global Bridgestone Group. This also reflects the importance of Thailand as a production base for quality tires of the Bridgestone Group,“ said Keiji Chuma, Managing Director, TBSC. “It is the hard work and efforts of every Bridgestone Thailand teammate who makes this initiative a reality. We continue delivering co-creating value and ensuring sustainability for society and our customers.”

TBSC’s Nong Khae plant can produce tires for passenger cars (PSR) and tires for pickup trucks or light trucks (LVR), totaling 202 tons per day on a total plant area of 660,000 square meters. The solar rooftop panels installation is another positive step to drive sustainable growth for business operations and leverage clean energy utilization to realize Bridgestone's journey to contribute to a more sustainable society for all.

The Solar Rooftop Panels Utilization in Thai Bridgestone Co., Ltd., Nong Khae Plant, Saraburi Province

*1 Calculated using a factor of 0.4798 tons-CO2/MWh for 15 years by Bridgestone Asia Pacific Technology Center Co., Ltd.
*2 The Bridgestone Group established its corporate commitment, the "Bridgestone E8 Commitment," to help it realize its vision: "Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company." This commitment will serve as the Group's axis to drive management while earning the trust of future generations. The "Bridgestone E8 Commitment" consists of eight uniquely Bridgestone values starting with the letter "E" (Energy, Ecology, Efficiency, Extension, Economy, Emotion, Ease, and Empowerment) that the Group will commit to creating through distinctly Bridgestone purposes and processes, together with employees, society, partners, and customers to help realize a sustainable society.
*3 Scope 1 and 2, Base Year: 2011
*4 Scope 1 and 2, Base Year: 2020
*5 Scope 3

About Bridgestone in Thailand
Headquartered in Tokyo, Bridgestone Corporation is a global leader providing sustainable mobility and advanced solutions. In Thailand, Thai Bridgestone Co., Ltd. (TBSC) is a leading manufacturer in the Thai automotive industry, while Bridgestone Sales (Thailand) Co., Ltd. (BSTL) is the exclusive importer & distributor, and supervises the marketing strategy for Bridgestone, Firestone and Dayton branded tires in Thailand. Bridgestone is a brand trusted by its customers, dealers and business partners. It offers an extensive range of quality tires, carefully developed to suit local conditions and to deliver social value and customer value. Bridgestone is dedicated to shaping a sustainable future of mobility and improving the way people move, live, work and play.