Panasonic Group announces global CO2 emission reduction goal

Friday, Apr 08, 2022 16:44

Panasonic Group has set a goal to reduce CO2 emissions by more than 300 million tonnes by 2050. — Photo Panasonic Group

Panasonic Group has announced its commitment to reducing CO2 emissions by more than 300 million tonnes, or about 1 per cent of the current total global emissions of 33 billion tonnes, by 2050.

Established in 2017, the Panasonic Environmental Vision 2050 aims to reduce energy consumption and generate a surplus of clean energy.

The transition by Panasonic highlights the group’s shift to addressing how much it can contribute to the challenges of global society towards carbon neutrality, rather than comparing the volume of clean energy we create to the volume we used.

In line with this transition, Panasonic has decided to replace the group’s energy-focused targets with CO2 reduction goals to tackle global environmental issues and clearly show the value of our progress.

The group will contribute to global carbon neutrality by creating policies that reduce its own CO2 emissions and contribute to reducing the CO2 emissions of society.

Panasonic aims to achieve four green targets by 2050, including emissions reduction in the value chain; avoiding emissions by existing businesses; avoiding emissions through new technologies and enterprises; and energy transformation for society.

The group targets a reduction of 110 million tonnes of CO2 emissions from the group’s value chain by focusing on three areas: lighting, air conditioning and ventilation.

It also targets 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.

The group plans to contribute to reducing 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.

It will also promote renewable energy in society through business and communication activities. — VNS

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