ESG
Environmental Vision 2050

ESG

Environmental Vision 2050

Fuji Electric is committed to achieving a sustainable society through its energy and environment businesses. We announced the “Environmental Vision 2050” in 2019 to determine the direction of the Company’s long term environmental activities.
We recently revised our “Fiscal 2030 Goals” to achieve our “Environmental Vision 2050” in light of social trends of striving to achieve a decarbonized society.

Environmental Vision 2050

Fiscal 2030 Goals

Fiscal 2030 Goals

We aim to achieve the following goals in order to limit the temperature increase to 1.5°C above pre-industrial levels.

  • Greenhouse gas emissions throughout the supply chain (Scope 1+2+3):

Reduction of over 46% (compared to FY2019)

  • Greenhouse gas emissions through production (Scope 1+2):

Reduction of over 46% (compared to FY2019)*1

  • Contribution to CO2 reduction in a society through our products:

Over 59 million tons/year

Green value chain platform

In December, 2022, our Scope1,2 and Scope3(1-8,11) targets have been approved as 1.5˚C targets by the SBTi (Science Based Targets initiative).*2.

These targets have been approved as 1.5˚C targets by the SBTi (Science Based Targets initiative).

*1

Reduction rate for FY2013: 54%

*2

The International Climate Change Initiative (SBTi) was co-founded by UNGC (United Nations Global Compact), CDP (Carbon Disclosure Project as a former name), WRI (World Resources Institute) and WWF (World Wide Fund for Nature). It is an organization that assesses and certifies whether the greenhouse gas emission reduction targets established by companies and organizations in each country are “targets based on the science knowledge ” .

Achieve a Decarbonized Society

Target carbon neutrality across the supply chain
Fuji Electric will contribute to the realization of a decarbonized society by implementing the following measures to achieve its 2030 goals.
Main Measures
・Reduce greenhouse gas emissions (Scope 1+2+3) throughout the supply chain

 Improve energy-use efficiency in energy saving products.

・Reduce greenhouse gas emissions during production (Scope 1+2)
  1. 1.

    Promote energy savings in facilities

  2. 2.

    Increase the share of renewable energy

    • Introduce solar power generation at our operating bases

    • Purchase renewable energy

・Contribute more to CO2 reduction in a society through our product

 Promote the use of clean energy and energy-saving products

Achieve a Recycling-Oriented Society

Promote green supply chains and 3R activities to reduce the environmental impact to zero
Fuji Electric will contribute to the realization of a recycling-oriented society by advancing 3R* activities at the Company and also at business partners and across the entire supply chain.

In recent years, many have questioned the necessity for a “recycling economy,” a business model in which resources are used in a recyclable manner. Against this backdrop, Fuji Electric will strengthen its efforts to achieve zero emissions by 2050. Conventionally, our focus has been on reducing the amount of final waste in production activities and minimizing water intake. Going forward, in addition to our current initiatives, we will aim to “manufacture products that do not impose environmental burdens throughout their life cycles,” and work to transition to a highly recycling-oriented product model that includes revising designs. Specifically, we will establish new goals from a medium- to long-term perspective in fiscal 2023 and incorporate strategies into our action plans. Ultimately, we aim to “Achieve a Recycling-Oriented Society” and to “Achieve a Society that is in Harmony with Nature” by minimizing burdens on nature by reducing the waste generated during product life cycles to near-zero.

*3R

Reduce, Reuse, Recycle

Achieve a Society that is in Harmony with Nature

Aim for zero impact on the ecosystem through corporate activities that contribute to biodiversity
Fuji Electric will contribute to the realization of a society that is in harmony with nature through its business activities, by expanding use of environmental contribution products, and through its social contribution activities.
・Reduce environmental impact of business activities and products

 Reduce chemical substances related to the environmental deterioration during production

・promote the activity of nature protection through the community contribution