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News Release
Fuji Electric Obtains SBT Validation for Greenhouse Gas Emissions Reduction Targets
December 9,2022
Fuji Electric Co., Ltd.
Fuji Electric Co., Ltd. is pleased to announce that its greenhouse gas emissions reduction targets for 2030 have been validated by the Science Based Targets initiative (SBTi),*1 an international organization, as being scientifically in line with the 1.5°C target*2 set in the Paris Agreement and at the COP26 summit.
Our targets for greenhouse gas emissions reduction validated by SBTi*3
1）Reduce greenhouse gas emissions in production (Scope 1+2) 46.2% by FY2030 from a FY2019 base year
2）Reduce greenhouse gas emissions from the supply chain (Scope 3) 46.2% by FY2030 from a FY2019 base year
Fuji Electric’s Corporate Philosophy is to contribute to prosperity, encourage creativity, and seek harmony with the environment, and, as stated in its Management Policies, the company is committed to contributing the creation of a responsible and sustainable society through innovation in the energy and environment business. Fuji Electric formulated its Environmental Vision 2050 in 2019 to direct its environmental activities in the long term, and following the agreement on the 1.5°C target at COP26, in March 2022, the company raised the FY2030 goals in its Environmental Vision 2050. Our targets for greenhouse gas emissions reduction validated this time have been set on the basis of the FY2030 goals (a reduction of more than 46% from FY2019).
Fuji Electric contributes to the reduction of CO2 emissions in society by providing clean energy facilities represented by geothermal and hydro power plants, power semiconductors, and energy-saving equipment and systems, such as inverters and EMSs (energy management systems). We also work to reduce greenhouse gas emissions both in its in-house production activities (Scope 1+2) and throughout the entire supply chain (Scope 3), from material procurement to product shipping and even after the delivery, in the aim of achieving a decarbonized society.
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*1
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：The Science Based Targets initiative (SBTi) was jointly established by the UNGC (United Nations Global Compact), CDP, WRI (World Resources Institute), and WWF (World Wide Fund for Nature).
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*2
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：At the COP26 summit (the 26th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change) held in December 2021, the 197 countries and regions in attendance agreed to pursue efforts to limit the increase in the global average temperature to 1.5°C above pre-industrial levels.
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*3
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：The FY2030 target amount for supply chain greenhouse gas emissions covers Categories 1 through 8 and Category 11 of Scope 3.
Please note the business years are denoted differently here than on the original SBT certificate.