Panasonic Group announces global CO2 emission reduction goal by 2050

08:15 | 12/04/2022 Environment

Osaka, Japan – Panasonic Group today announced its commitment to creating an impact that reduces carbon dioxide (CO2) emissions by more than 300 million tonnes, or about one percent of the current total global emissions of 33 billion tonnes, by 2050.

Established in 2017, the Panasonic Environmental Vision 2050 aimed to reduce energy consumption and generate a surplus of clean energy. The transition to Panasonic GREEN IMPACT highlights the Group’s shift in focus to actively address how much it can contribute to the challenges of global society towards carbon neutrality, rather than comparing the volume of clean energy it creates to the volume it used.

In line with this transition, Panasonic has decided to replace the Group's energy-focused targets with CO2 reduction goals in order to tackle global environmental issues and clearly show the value of its progress. Panasonic Group will contribute to global carbon neutrality by creating impacts that reduce its own CO2 emissions and contribute to reducing the CO2 emissions of society.

panasonic group announces global co2 emission reduction goal by 2050
panasonic group announces global co2 emission reduction goal by 2050
panasonic group announces global co2 emission reduction goal by 2050
panasonic group announces global co2 emission reduction goal by 2050
The Japanese corporation heads towards reducing CO2 in order to solve global environmental problems

The four goals of Panasonic GREEN IMPACT:

Goals of the new long-term environmental vision are set by reviewing impacts in four categories based on the scope, method and time frame of CO2 reduction. Panasonic aims to achieve all four goals by 2050.

Impact 1: Emissions reduction in the value chain

Targeting a reduction of 110 million tonnes of CO2 emissions from the Group's value chain (Scope 1, 2 and 3) by focusing on three areas including lighting, air conditioning, and ventilation. These areas combined account for 80 percent of the energy used during product usage and will reduce Scope 3 emissions generated by our customers.

Impact 2: Avoided emissions by existing businesses

Targeting a reduction of 100 million tonnes of CO2 emissions through energy saving for customers in such existing business areas as automotive batteries, supply chain software, and air quality and air conditioning.

Impact 3: Avoided emissions through new technologies and businesses

Targeting a reduction of 100 million tonnes of CO2 emissions through the transformation of renewable energy consumption by society and the innovation of new technologies and solutions such as hydrogen energy devices, etc.

Impact 4: Impact of repercussions in energy transformation for society

Promoting renewable energy in society through business activities and communication activities within Impact 1-3.

Panasonic Group is committed to working together with its customers and society to achieve an overall reduction of more than 300 million tonnes of CO2 emissions.

PV