Nippon Shokubai Co. Ltd.

11/25/2021 | Press release | Distributed by Public on 11/24/2021 20:16

Targeting Carbon Neutrality in 2050: Aiming for a 30% Reduction in CO2 Emissions by 2030

Nov. 25, 2021

NIPPON SHOKUBAI CO., LTD. (Headquarters: Osaka, Japan, President: Yujiro Goto, hereinafter "Nippon Shokubai"), has formulated a roadmap for reducing CO2 *1 emissions by 2050. This roadmap concerns our "Strategic Transformation for Environmental Initiatives," which is one of our "Three Transformations," and is based on "TechnoAmenity for the Future," the long-term vision of the Nippon Shokubai Group announced in April of this year.
For our CO2 emissions reduction target for 2030, which is the final year of our long-term vision, we set a reduction target of 10% last year, but based on movement towards reviewing Japan's greenhouse gas reduction target, we first revised the CO2 emissions reduction target for Nippon Shokubai Group in Japan , which account for about 70% of the Group's total CO2 emissions, to 30%. Going forward, we will also proceed to examine the reduction targets for our group companies outside Japan.
Additionally, in order to contribute to the reduction of CO2 emissions throughout the entire supply chain (Scope 3 *2), the following items will also be strongly promoted.
・Development and expansion of Environmental Contribution Products (products that contribute to the reduction of CO2 emissions when used, etc.)
・Development and dissemination of CO2 recovery and recycling technology (carbon recycling technology)
・Development and social implementation of material recycling and chemical recycling

*1 CO2:
Our Group's emissions reduction targets are for greenhouse gases, but since they are mostly carbon dioxide (CO2), they are referred to as CO2 in this paper.

*2 Scope 3:
Indirect emissions (emissions by other companies related to business activities) other than Scope 1 (direct emissions of greenhouse gases by business entities) and Scope 2 (indirect emissions from the use of electricity, heat, and steam supplied by other companies).