, /PRNewswire/ — PanasonicAutomotive Systems Co., Ltd. (Headquarters: Yokohama, Kanagawa, Japan; President: Masashi Nagayasu) and its group companies (collectively, the “Group”) today announced that they have received validation from the Science Based Targets initiative(SBTi)*fortheGroup’sgreenhousegas(GHG)emissionsreductiontargetsasscience-based targets aligned with efforts to limit global warming to 1.5°C.
ScienceBasedTargets(SBTs)arecorporategreenhousegasemissionsreductiontargetsalignedwith the ParisAgreement’s goal of limiting global warming to 1.5°C above pre-industrial levels. The targets validated for the Group are shown in the table below.
|
Category |
Target |
|
|
Near-Term |
Scope1and2 |
ReduceGHGemissionsby63.0%byFY2035fromanFY2024baseyear |
|
Scope2 |
Increasetheannualsourcingofrenewableelectricityto100%byFY2030andmaintain through FY2035 |
|
|
Scope3 |
ReduceScope3Category1andCategory11emissionsby37.5%byFY2035froman FY2024 base year |
|
|
Long-Term |
Scope1and2 |
ReduceGHGemissionsby90.0%byFY2050fromanFY2024baseyear |
|
Scope3 |
ReduceScope3Category1andCategory11GHGemissionsby90.0%byFY2050 from an FY2024 base year |
|
|
Net-Zero |
Scope1,2,and3 |
Achievenet-zeroGHGemissionsacrossthevaluechainbyFY2050 |
The Group regards climate change as one of its key management issues and has been working to promote ongoing energy conservation initiatives and expand the use of renewable energy. Since 2023, the Group has maintained net-zero CO2 emissions at its major sites worldwide.
ToachievethenewlyvalidatedSBTs,theGroupwillcontinuetoadvanceenergyconservationinitiatives and expand the adoption and use of renewable energy, while also expanding low-carbon products and services and strengthening collaboration with suppliers. Through these efforts, the Group will promote reductions in GHG emissions across the entire value chain and contribute to the realization of asustainablemobilitysociety.
*ScienceBasedTargetsinitiative(SBTi):JointlyoperatedbyCDP,UnitedNationsGlobalCompact(UNGC),WorldResourcesInstitute(WRI),andWorldWide Fund for Nature (WWF), the SBTi encourages companies to set science-based greenhouse gas (GHG) emissions reduction targets to supportachievement of the goals of the Paris Agreement.
About Panasonic Automotive Systems Co., Ltd.
HeadquarteredinJapan,PanasonicAutomotiveSystemsCo.,Ltd.,(PAS)isaglobalcompanywith subsidiaries in eight other countries and, as aTier 1 company, it provides advanced proprietary technologies such as infotainment systems to automakers in Japan and overseas, helping to create comfortable, safe, and secure automobiles. PAS is committed to meeting the expectationsof its customers around the world with technologies that stand by people in pursuit of its corporate vision of becoming the “Joy in Motion” design company.
WearechangingourcompanynameandbrandtoMobitera Inc.,effectiveApril1,2027. To learn more about our company, please visithttps://automotive.panasonic.com/en
SOURCE Panasonic Corporation of North America