ESG
Environmental Vision 2050

ESG

Environmental Vision 2050

Fuji Electric is committed to achieving a sustainable society through its energy and environment businesses. In 2019, we formulated our Environmental Vision 2050 in order to clarify our policy with regard to the long-term environmental initiatives we intend to carry out going forward. In March 2022, we revised both the Environmental Vision 2050 and Fiscal 2030 Goals in light of societal trends focused on the achievement of a decarbonized society.
In June 2024, in light of societal trends aimed at transitioning toward a circular economy, we updated our message and fiscal 2030 goals pertaining to our vision to “Achieve a Recycling-Oriented Society.”

Environmental Vision 2050
We aim to contribute to the achievement of a decarbonized society, a recycling-oriented society, and a society that is in harmony with nature by expanding the use of Fuji Electric's innovative clean energy technologies and energy-saving products.
Achieve a Decarbonized Society Target carbon neutrality across the supply chain
Achieve a Recycling-Oriented Society Promote green supply chains to reduce the environmental impact to zero across throughout the entire life cycle
Achieve a Society that is in Harmony with Nature Aim for zero impact on the ecosystem through corporate activities that contribute to biodiversity

Fiscal 2030 Goals

Fiscal 2030 Goals

[Decarbonized Society] 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

[Recycling and Harmony with Nature] We will promote a circular economy while complying with environmental regulations around the world.

  • Transitioning to environmentally friendly products that comply with ecological design regulations

  • Final waste disposal rate (including plastic waste):

Less than 0.5%

*1

Reduction rate for FY2013: 54%

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.
Scope of our initiatives

The scope of our efforts to reduce greenhouse gas emissions is as shown in the below.

Green value chain platform
Validation by the SBTi

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).

*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 ” .

Key Initiatives
・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

Performances in FY 2022

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 not only by transitioning to environmentally friendly products that minimize waste emissions, but also by extending this change to our 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. In light of current trends, Fuji Electric aims to manufacture products that do not impose environmental burdens throughout their life cycles. In June 2024, we updated our message and fiscal 2030 goals pertaining to our aim to “Achieve a Recycling-Oriented Society,” which is a facet of our Environmental Vision 2050.
In the past, our focus has been on reducing the amount of final waste in production activities and curbing water intake. Going forward, we will build on our existing activities by working to transition to environmentally friendly products, including by reviewing the designs of the products we ourselves produce. Ultimately, we strive to “Achieve a Recycling-Oriented Society” and "Achieve a Society that is in Harmony with Nature" by aiming for zero environmental impact throughout our product life cycles.

Key Initiatives
・Transitioning to environmentally friendly products that comply with ecological design regulations
  1. 1.

    We will formulate criteria to evaluate environmentally friendly products that are compliant with ecological design regulations and promote the switch to products that satisfy these criteria.

  2. 2.

    Together with our business partners, we will work to calculate our carbon footprint.

・Final waste disposal rate (including plastic waste) of less than 0.5%
  1. 1.

    We will continue to improve waste sorting at our overseas factories and establish relationships with waste disposal contractors.

  2. 2.

    We will work to reduce plastic waste and recycle waste plastic.

Performances in FY 2022

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 friendly products, and through its social contribution activities.
Key Initiatives
・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
Performances in FY2022