The Sustainable Markets Initiative today announced that Hitachi has been awarded its 2023 Terra Carta Seal. The Seal recognises global companies which are actively leading the charge to create a climate and Nature-positive future.
The Terra Carta Seal is awarded to companies which have demonstrated the success of a high- impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative’s tenTerra Carta Articles. The Articles underpin the Terra Carta, the Sustainable Markets Initiative’s guiding mandate which provides a roadmap and framework to accelerate the transition to an ambitious and sustainable future, placing Nature, People and Planet at the heart of global value creation.
The Hitachi Group will continue to advance its Social Innovation Businesses and work diligently together with its stakeholders to contribute to developing a sustainable society. Hitachi was awarded the Terra Carta Seal for itscommitment to sustainability, particularly for Hitachi Energy’s contribution to the energy transition with its high-voltage direct current (HVDC) technology which allows the transmission of bulk renewables over long distances with limited losses, therefore advancing a sustainable energy future for all.
A concrete example of HVDC application is the Champlain Hudson Power Express project which is currently underconstruction to connect the power grids between Quebec, Canada and the New York City metro area.
The link will enable the delivery of clean, renewable hydropower between Canada and New York, contributing to NewYork’s Climate Leadership and Community Protection Act, which aims for the state to be powered by 70 percentrenewables by 2030. The project is expected to decrease CO2 emissions by an average of 3.9 million metric tons peryear, equivalent to removing 44 percent of passenger vehicles from New York City.
Using HVDC technology, it is possible to bring large amounts of electricity directly into cities, which is essential for securing sustainable and affordable power supply, increasing significantly the use of renewable energy and fostering carbon neutrality.
Hitachi joins 16 other companies spanning multiple geographies and industries to be awarded the 2023 Terra Carta Seal. They include:
Airbus
Carbon Clean
CDPQ
DLA Piper
EY
Haier Smart Home
Hitachi
Lanza Tech
Novartis
Orange
Ping An Bank
Pollination
ReNew
Robertson
Siemens Energy
Soneva
Sumitomo Mitsui Financial Group
Jennifer Jordan-Saifi, CEO, Sustainable Markets Initiative, said:
“The Sustainable Markets Initiative’s Terra Carta Seal recognises those companies which are taking great strides in delivering real-world outcomes. As we stand on the eve of COP28, public, private sector and philanthropic actors will come together at the inaugural Business and Philanthropy Climate Forumot bridge the gap between ambition and action.  It is examples exemplified by the 2023 Terra Carta Seal winners that are helping to inspire and lead theway.” 
“We are honoured to be recognised as one of the leading companies engaging in sustainability initiatives. Hitachi is committed to expand Social Innovation Business through customer co- creation by leveraging IT, OT, and products to bring solutions to social challenges. As a climate change innovator, our ambition is to globally contribute to realizing a sustainable society by impacting on carbon neutrality, circular economy, and nature positive actions.”
The Terra Carta Seal was launched in 2021 at COP26 by His Majesty King Charles III when he was the Prince of Wales. Since its inception, the Sustainable Markets Initiative has awarded its coveted Seal to just 83 companies globally.
For the first time this year, the judging process involved independent, external partners Verdantix and the Expert Review Panel, who worked together to assess the eligibility and impact of each nominated project against recognised global sustainability criteria.
This year’s cohort of winners impressed the judges with the breadth and scope of their projects, which included pioneering use of hydrogen and engineering-based initiatives to support carbon emission reductions, to the development of new frameworks to support the distribution of private capital, at scale, into transition-related infrastructure across the African continent.
David Metcalfe, CEO, Verdantix, said: “We are privileged to work with the Sustainable Markets Initiative, contributing our expertise in independent evaluation to the judging process. We take great pride in being an integral part of this esteemed global initiative, alongside a distinguished and diverse panel of experts. Together, we are dedicated to acknowledging and applauding the companies who lead the way in demonstrating their commitment tocreating a sustainable future.”
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology.We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting ourcustomers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation withour customers. The company’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We servecustomers in the utility, industry and infrastructure sectors with innovative solutions and services across the valuechain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energysystem to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. We integratemore than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://shorturl.at/drxIT
About the Terra Carta Seal
Sir Jony Ive and his creative team at LoveFrom created a physical and animated seal engineered with paper that is both simple and beautifully crafted. The design combines a host of natural references including oak leaves, fern, magnolia and honeybees and intricate patterns both in nature and in the arts, creating a visual celebration whichreflects the power of and reverence for nature that is at the heart of the Terra Carta.
Founded by His Majesty King Charles III in 2020, as Prince of Wales, the Sustainable Markets Initiative has become the world’s ‘go-to’ private sector organisation on transition. Launched in 2021, the Terra Carta serves as the Sustainable Markets Initiative’s mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action.
Read more: www.sustainable-markets.org
About Verdantix
Verdantix is the essential thought leader for world-enhancing innovation. It supports changemakers with its proprietary data, unique expertise and executive networks. Its impactful analysis is delivered via a digital platform, consulting engagements and in-person events to thousands of decision-makers in more than 100 countries. Fromoffices in London, New York and Boston, the Verdantix research team applies the principles of rigour, accuracy and curiosity to help its globally distributed clients solve their most complex challenges. verdantix.com
About LoveFrom and Sir Jony Ive
Sir Jony Ive KBE is a designer. He joined Apple in 1992. As chief design officer, Jony was responsible for all hardware, user interface and packaging design, as well as the major architectural projects Apple Park and Apple retail stores. He led the design team for more than two decades, creating the iMac, PowerBook, MacBook, iBook, iPod, iPhone, iPad, AppleWatch, AirPods and HomePod. Co-founder Steve Jobs referred to Jony as his creativepartner. He holds more than 14,000 patents worldwide, uniquely spanning both software and hardware design. Jony currently serves as chancellor of the Royal College of Art, is frequently voted one of Britain’s most culturally influentialfigures.
In 2019, Jony gathered the creative collective LoveFrom, which includes designers, architects, musicians, filmmakers, writers, engineers and artists. The combined experience, achievement and recognition of these creatives is without precedent.
The collective has been working quietly together since 2019, announcing multi-year collaborations with Airbnb and Ferrari. It has studios in San Francisco and London. lovefrom.com
Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, unveiled today theHyFlex™ demonstration unit, its Hydrogen Power Generator in Gothenburg, Sweden. During an event held with Hitachi Energy’s technology partner, PowerCell Group, around 100 senior representatives from companies in various industries took part in the demonstration.
This innovative solution is an integrated and scalable plug-and-play generator for temporary or permanentinstallation, where power grid connections are impractical, and diesel generators are not an option. The medium-power variant provides power for temporary installations and is designed for 400-600 kVA. The high-power variantcaters to permanent installations and will provide 1 MVA or more per unit and can be installed in parallel to meet thecustomer’s specific power needs.
HyFlex™ is completely emission-free, producing only AC power, usable heat, and water. In comparison, a 1 MVA diesel generator running at full load combusts roughly 225 kg of diesel and emits 720 kg of CO2 emissions per hour.
Key applications include construction sites in remote locations or noise- and pollution-sensitive cities; mining sites topower the increasing number of electrically powered equipment like dump trucks and excavators; data centers, hospitals, and hotels that require an emergency backup supply of power and/or heat; and shore-to-ship applicationsat ports to sustainably power ships at berth as an alternative to diesel generators.
“We are delighted to unveil this pioneering solution that decarbonizes hard-to-abate applications,” said Marco Berardi, Head of Grid & Power Quality Solutions and Service at Hitachi Energy. “As the transition to Net Zeroprogresses, more and more industries are looking for reliable ways to reduce their environmental impact and improve operational performance.”
Hitachi Energy is developing a Hydrogen Power Generator demonstration unit with Gothenburg-based fuel cellmanufacturer PowerCell Group. PowerCell has provided the power modules and know-how in fuel cell integrationand Hitachi Energy has the balance of plant and expertise in power electronics, batteries, cooling, intelligent control, and systems integration.
Hitachi Energy expects to launch a movable variant of this eco-friendly generator for temporary deployment in late 2024 and the permanently deployable variant in 2025.
With the unveiling of this breakthrough technology, Hitachi Energy now has a complete solutions portfolio across the green hydrogen value chain. In addition to hydrogen-to-power solutions, the portfolio includes power-to-hydrogen (or grid-to-stack) solutions for electrolyzer systems that optimize the entire power supply, from the high-voltage grid connection to the DC stack terminals of the electrolyzer.
Hitachi Energy has already provided a grid-to-stack solution for a 20 MW electrolyzer in Sweden and is providing a similar solution for a 20 MW project in Finland. As the hydrogen ecosystem is gearing up for gigawatt-scale projects, Hitachi Energy is well positioned as a partner of choice to provide optimal power supply systems that deliver the highest efficiency, reliability, and power quality.
About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Weintegrate more than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology.We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology)and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energyand railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled10,881.1 billion yen, with 696 consolidated
subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
Hitachi, Ltd. (NYSE:HIT / TSE:6501, “Hitachi”) is committed to implementing Diversity, Equity and Inclusion (DEI) as acrucial driver to achieve sustainable growth and create value to society by respecting planetary boundaries and improving people’s wellbeing. Today, Hitachi announced that it has received the top “Gold” award in “Pride Index 2023”, an index forevaluating activities related to sexual minorities, hosted by the Japanese non-profit group “work with Pride.”
Hitachi recognizes all diversity dimensions, such as background, age, gender, sexuality, family status, disability, race, nationality, ethnicity, and religion, as sources of value. For this reason, the group is committed to creating an equitable and inclusive environment, where everyone, including the LGBTQIA+(1) community, feel accepted and valued, able to speak upand contribute. This award recognizes Hitachi’s activities to promote DEI globally, including in-house seminars and “LGBTQIA+ Guidebook” provided for all employees.
In order to further accelerate the promotion of DEI, November 2023 has been designated as the Group’s first “DEI Month,”with webinars and learning materials deployed through the course of the month to encourage a deeper understanding of DEI among all Hitachi Group employees. Through these activities, Hitachi will continue to provide a comfortable working environment for employees where innovations are generated and contribute to a sustainable society that supports richer and happier lives for everyone.
Hitachi Group’s initiatives that support the LGBTQIA+ community
1) Distribution of the “LGBTQIA+ Guidebook”
Hitachi released the “LGBTQIA+ Guidebook” under the supervision of NPO Nijiiro Diversity. The Guidebook includes message from Senior Vice President and Executive Officer, Chief Sustainability Officer Lorena Dellagiovanna, introduces terminology related to LGBTQIA+, and showcases specific actions that can easily be taken into practice in the workplace to foster awareness and inclusion.
2) LGBTQIA+ Café Seminar
In July 2023, Hitachi invited instructors from NPO Nijiiro Diversity to conduct an online seminar for all Hitachi Group Employees. Around 500 employees from 50 Hitachi Group companies gathered for a Q&A session on the theme of “What we can do as allies(2),” using chat functions for both instructors and participants.
3) Using various channels for continuous internal communication
In addition to the distribution of “Inside Hitachi,” an in-house e-journal for all Hitachi Group employees, “Diversity forNEXT100: LGBTQIA+,” a new webpage for transmitting information on LGBTQIA+ within the in-house intranet website,was developed. Also, during Pride Month in June, in which communication on LGBTQIA+ is activated globally,Hitachi’s corporate logo was displayed in rainbow colors.
4) Creation of DEI policies for all Hitachi Group companies
Since 2022, Hitachi has published its corporate stance of respecting all forms of diversity, including gender and sexuality, as part of the “Hitachi Global Diversity, Equity, and Inclusion (DEI) Policy.” URL www.hitachi.com/sustainability/download/pdf/Global_DEI_policy_EN.pdf
5) Amendments to company regulations and social welfare benefits
As part of activities aimed at supporting the involvement of the LGBTQIA+ community and diverse human resources,during 2020 spring negotiations, Hitachi discussed proposals from the company to the labor union on “the application of various allowances and work-related systems for employees with same-sex partners,” and began reviewing systems and operations in April 2020. Through these activities, at Hitachi, Ltd. and nearly all Group companies in Japan, employees with same-sex partners qualify for in-house systems such as family nursing care leave and childcare/work-life balance support funding, just the same as employees with opposite-sex spouses (legally married) and common-law spouses.
Hitachi Group’s first “DEI Month” held in November
Hitachi has continuously conducted activities to promote DEI across the Group. As part of these activities, this Novemberhas been designated as the Group’s first “DEI Month,” with webinars and learning materials deployed through the course ofthe month to encourage a deeper understanding of DEI among all Group employees. Activities include:
1) “Together, we are stronger” webinar for employees
A webinar was livestreamed on the theme “The importance of DEI in Hitachi’s business,” featuring as panelists Senior Vice President and Executive Officer, Chief Sustainability Officer Lorena Dellagiovanna and the Executive Vice Presidents and Executive Officers, Masakazu Aoki (General Manager of Connective Industries Division), Alistair Dormer (General Manager of Green Energy & Mobility Strategy Planning Division) and Toshiaki Tokunaga (General Manager of Digital Systems & Services Division). About 1,500 employees attended the two sessions covering the global presence of the group.
2) Distribution of “Inclusive language and meeting toolkits” to all employees
Hitachi created a guidebook to ensure that employees engage in inclusive communications and to see that meetings are held in inclusive environments and will make this guidebook available to all employees.
3) e-learning program “Hitachi’s DEI Journey”
This program enables employees to undertake DEI education anytime, anywhere, in a multiple-choice quiz format, which is based on actual examples of situations where DEI and DEI fundamentals become important in the workplace.
Lorena Dellagiovanna, Senior Vice President and Executive Officer, Chief Sustainability Officer, Hitachi, Ltd.said:
DEI is a long-term strategic priority for Hitachi, and each of us must support DEI throughout the organization. I believe that the achievement of “Gold” award in the “PRIDE Index 2023” is a remarkable step in our journey. Through “DEI Month” in thisNovember, which is being implemented for the first time as an initiative for the entire Hitachi Group, we will share across the Group how DEI supports personal and professional growth and creates a more inclusive and equitable environment for all of us, to unlock innovation and allow everyone to thrive.
(1) An acronym for “lesbian, gay, bisexual, transgender and queer, intersex, asexual” with a “+” sign to recognize the limitless sexual orientations and gender identities used by members of our community; Hitachi will use this term consistently across the group. (2) Allies: A person who supports, encourages, and stands up for persons in the LGBTQIA+ community
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries.Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
Hitachi, Ltd. (TSE:6501) has signed an agreement today to transfer all shares of its wholly owned subsidiary, Hitachi Power Semiconductor Device, to MinebeaMitsumi Inc. for further growth and corporate value enhancement ofHitachi Power Semiconductor Device.
Reason for the Share Transfer
Hitachi Power Semiconductor Device was established in October 2013 for the purpose of structuring an integrated system from design and manufacturing to sales in power semiconductor business by integrating the business of Hitachi and Hitachi Haramachi Electronics Co. Since then, Hitachi Power Semiconductor Device has been providing high value-added products utilizing high-voltage and low-loss technologies in the field of power semiconductors, which are key devices in the electrification and motorization of industry and social infrastructure, with “IGBT(1)/SiC(2)”, “High Voltage IC” and ” Diodes” as its three main product categories. Hitachi Power Semiconductor Device is focusingon IGBT/SiC products in the market areas where high growth is expected toward the realization of a decarbonized society, such as electric vehicles and inverters for wind power generators, in addition to railroad applications, utilizing the strength of the high durability and reliability cultivated in railroad applications. Many customers in Japan and overseashave adopted IGBT/SiC made by Hitachi Power Semiconductor Device. In the area of high-voltage ICs for industrial andhome appliance applications, Hitachi Power Semiconductor Device is contributing to efficiency improvement and noise reduction in customers’ systems through motor control technology and software based on the knowledge it has gained from providing products for a wide range of fields. Furthermore, Hitachi Power Semiconductor Device provides diodes for automotive applications, which require high reliability, for a long period of time.
Hitachi and Hitachi Power Semiconductor Device have held many discussions on measures to achieve further growth and enhance the corporate value of Hitachi Power Semiconductor Device. As a result of the discussion, we have reached a conclusion that the best way for Hitachi Power Semiconductor Device to continue its growth in the powersemiconductor market, which is expected a high growth in the future, is to expand its production capacity and improve manufacturing efficiency under MinebeaMitsumi, which positions the analog semiconductor business as one of its corebusinesses.
Under MinebeaMitsumi, with whom Hitachi Power Devices has been collaborating for many years, Hitachi Power Semiconductor Device will further enhance its strengths in high-voltage, low-loss technologies, expand its productioncapacity and improve manufacturing efficiency to provide higher value-added products in larger quantities to markets and customers, thereby aiming for further growth and corporate value enhancement.
Hitachi will strive to further enhance its corporate value by leveraging the funds obtained from this share transfer for investment in growth of green and service business in the energy field.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) andproducts. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
Hitachi Rail has been given clearance to proceed with its EUR1,660 million acquisition of Thales’ Ground Transportation Systems business on 30 October 2023.
The publication of the European Commission’s (EC) approval means that the deal has now received clearance from all 13 competition authorities which reviewed the acquisition.
Prior to the European Commission’s clearance, the UK’s Competition and Markets Authority gave its approval for the deal on 4 October 2023.
As a condition of securing approval for the acquisition, Hitachi Rail will divest its mainline signalling business located in France, Germany and the UK.
The divestiture will be made in accordance with all relevant processes and consultations with employees and their representative bodies.
About Hitachi Rail
Hitachi Rail is connecting the future of mobility – helping every passenger, customer and community enjoy the benefits of more seamless, sustainable journeys. The company’s pioneering technology enables more than 18bn passenger journeys and helps to transport millions of tonnes of freight every year.
As a trusted partner to operators around the world, Hitachi Rail delivers every part of the railway, from manufacturing and maintaining high speed bullet trains to digital signalling infrastructure and more.
Hitachi Rail is delivering value for its customers through Digital Transformation. The company’s new Smart Mobility and Digital Asset Management solutions are cutting costs, carbon and congestion, while offering more choice and convenience to passengers than ever before.
Hitachi Rail is becoming a climate change innovator by innovating greener products with its customers – such as battery trains, and through its commitment to reduce its own CO2 emissions to net zero by 2030.
Hitachi Rail’s reach is global, but its business is local – with success built on investing in the people and communities that it serves. With over 14,000 employees in 38 countries, the company is growing and looking to recruit diverse talent now.
Find out about more by visiting hitachirail.com or hitachirail.com/careers/
