Having Set a 2050 Target for Achieving Carbon-Neutral Status, We Are Strengthening Our Focus on Environmental Management.

Reducing the Volume of GHG Emissions to Eventually Achieve Carbon-Neutral Status

To contribute to the realization of the “well-below 2°C target” of the Paris Agreement, in fiscal 2019, we formulated medium- and long-term targets for the reduction of GHG emission volumes (Scope 1 and 2). In line with these targets, our previous efforts have focused on reducing GHG emissions by 26% by fiscal 2030 and by 85% by fiscal 2050 in comparison with the fiscal 2013 levels. However, with the Japanese government declaring its intention to pursue carbon-neutral status in October 2020 amid the growing trend toward the acceleration of international initiatives aimed at countering climate change, we have updated our GHG emission volume reduction targets and decided to strive for the achievement of carbon-neutral status by the end of 2050. To this end, we will step up and accelerate the initiatives listed below.