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TheStreet Open House

Panasonic Supports Fortune Brainstorm Green 2013

Stocks in this article: PC

LAGUNA NIGUEL, Calif., April 29, 2013 /PRNewswire/ -- As part of its efforts to help ensure a sustainable planet, Panasonic is sponsoring, participating in and providing support for an international exchange of the latest ideas on sustainability through a dialog among the environmental community and enterprise leaders at Fortune Brainstorm Green 2013, which opens today and runs to May 1.

Panasonic executives including Joseph M. Taylor, Chairman and CEO, Panasonic Corporation of North America, Jim Doyle, President of Panasonic Eco Solutions North America and Paul Margis, CEO of Panasonic Avionics Corporation, will participate in sessions with other industry leaders to discuss the future of transportation, sustainable and green building practices and how sustainability drives innovation. The intent is for businesses to share ideas and collaborate on approaches to improving corporate sustainability, energy, smart cities and promoting investment in future economies.   

"Panasonic has long seen sustainability practices as central to our business strategy and we have worked to embed them in our global business operations since the 1970s, detailing our environmental performance as a key part of our disclosures in the company's annual report," said Joseph M. Taylor, Chairman & CEO of Panasonic Corporation of North America. "Sustainability, especially as it relates to renewable energy, is also an increasingly important element in the company's business transformation here in North America and I expect that trend to continue. Our energy solution strategy is to provide integrated solutions to create, store, save and manage energy. We have a very broad range of technology from solar panels to lighting controls to high-capacity energy storage batteries, to apply to solutions for our enterprise customers."  

At last year's Fortune Brainstorm Green, the company announced the establishment of Panasonic Eco Solutions North America, a unit that focuses on the design, implementation and financing of renewable energy and energy efficiency projects in the U.S. and Canada.  Panasonic Eco Solutions has also created a strategic relationship with Coronal Management, LLC, for the formation of a new company to provide financing for distributed generation solar systems. Since its establishment one year ago, Panasonic Eco Solutions North America has undertaken solar energy generation projects for the Conrad G. Hilton Foundation, leading retail property owner and developer Macerich Company, the University of Colorado at Boulder and others.

Panasonic is also showing its commitment to engineering a more sustainable world with the construction of a state-of-the-art North American headquarters in Newark, NJ.  Adjacent to the largest public transit hub in northern New Jersey, it is a model of environmental responsibility.  The building is designed to be LEED Gold Certified and the interior Panasonic space to be LEED Platinum Certified. Speaking of the company's relocation to his city, Newark's Mayor Cory A. Booker put it this way: "Panasonic's investment in Newark is like an ignition switch for our city. They're bringing life to a part of our city that badly needs it and putting Newark on the map as a magnet for smart green design."

About Panasonic Corporation of North America Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products and solutions to meet consumer, business and industrial needs. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation, and the hub of Panasonic's U.S. branding, marketing, sales, service and R&D operations. In the 2012 Interbrand Annual Best Global Green Brands ranking, the Panasonic brand jumped four spots to number six: http://www.interbrand.com/en/best-global-brands/Best-Global-Green-Brands/2012-Report.aspx

SOURCE Panasonic

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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