Yokogawa Electric Corporation has received certification of its net-zero*1 targets from the Science Based Targets Initiative (SBTi), an international organization that evaluates corporate efforts to reduce greenhouse gas emissions, which has found that Yokogawa’s greenhouse gas (GHG) reduction targets and the processes taken to achieve them are in line with the 1.5°C target*2 set forth in the Paris Agreement. By reducing emissions throughout its supply chain, the company is striving to achieve net zero greenhouse gas emissions by fiscal year 2050.
GHG Reduction Targets Certified by SBTi
| Indicators | Target (total emissions) |
|---|---|
| Scope1+ Scope2 | Achieve a 90% reduction by fiscal year 2030 (compared to fiscal year 2019) |
| Category 1 and Category 11 of Scope3 (Emissions from purchased products and services and from the use of sold products) | Achieve a 30% reduction by fiscal year 2030 (compared to fiscal year 2019) |
| Scope1+ Scope2+ Scope3 | Achieve a 90% reduction (compared to fiscal year 2019) and net-zero emissions by fiscal year 2050 |
To reduce Scope3 emissions, which account for more than 90% of Yokogawa’s GHG emissions, the company is working with suppliers, upgrading existing products to make them more energy efficient, and developing new products and solutions that produce lower GHG emissions. Yokogawa will continue in its efforts to reduce GHG emissions throughout its supply chain and contribute to the realization of a sustainable society.
*1 Pursuant to SBTi’s Corporate Net-Zero Standard, Yokogawa will prioritize direct reductions in all Scope1, 2, and 3 GHG emissions from the base year, and achieve this goal by taking neutralization measures such as absorbing and removing residual emissions that are difficult to reduce.
*2 A target to limit the increase in the global average temperature to no more than 2°C above pre-industrial levels, and to keep this increase as close as possible to 1.5°C
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 validation for its net-zero emissions targets, committing to a 90% reduction in Scope 1 and 2 emissions by 2030 and achieving net-zero greenhouse gas emissions across its value chain by 2050.){kind=link}