Japanese printing and information technology company Epson has set aside $6.8 Billion (KES 830 billion) over the next ten years, with a focus on decarbonisation, resource recycling and an accelerated programme to develop environmental technologies.
The technology company will use the funds in producing products that will be environment friendly in its efforts to participate in the fight against climate change.
Speaking in Nairobi, Kenya, Epson’s Regional Head for East and West Africa, Mukesh Bector, said that depletion of natural resources and other environmental problems have become increasingly evident.
“Organisations are more aware of the challenges than ever and understand more deeply that pursuing sustainability is essential to environmental protection, economic growth, and social stability,” Mukesh said.
He further noted that innovation is key amongst the solution approaches because it influences consumption pattern, lifestyle and cultural development.
To a great extent, technology determines the demand for raw materials and energy, the efficiency of manufacturing, product performance, and waste reduction.
“Epson recognises that sustainability is the key catalyst for innovation and this is why the company is changing the way people print by offering an alternative to cartridges and way of printing which does not use heat in the process,” Mukesh noted.
As COP27 continues today in Sharm El-Sheikh, amid critical global climate-related threats, Epson asserts its commitment to raise individual awareness about climate change and its severe impacts on the planet and on people’s lives. Epson looks to stress the importance of taking action for the benefits of the people and the environment.