Panasonic announces global emission reduction goal for 2050

April 12, 2022 | 09:40
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Panasonic Group has announced its commitment to reduce 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 to Panasonic Grenn Impact highlights the group’s shift to actively address the challenges related to carbon neutrality.

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. Panasonic will contribute to global carbon neutrality by creating impacts that reduce its own CO2 emissions and contribute to reducing the those of society.

Panasonic announces global emission reduction goal for 2050
The Japanese corporation focuses on the challenges of global society towards reaching carbon neutrality

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

Within these four goals, Panasonic targets a reduction of 110 million tonnes of CO2 emissions from the group's value chain by focusing on lighting, air conditioning, and ventilation. These areas combined account for 80 per cent of the energy used during product usage and will reduce emissions generated by its customers.

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

The Japanese group further targets 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.

The group will also promote renewable energy in society through business activities and communication activities and is committed to working together with its customers and society to achieve an overall reduction of more than 300 million tonnes of CO2 emissions.

By Panasonic

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