Climate Action Guideline
In 2023, the Company developed its Climate Action Guideline based on the 1.5°C Business Playbook, which was approved by the Sustainability Committee in May. Following four strategic pillars―reducing our own carbon emissions, reducing value chain carbon emissions, integrating climate issues into business strategy, and influencing climate action in society―we promote climate governance and carbon reduction initiatives to advance climate change mitigation and adaptation.
1) Reduce Our Own Emissions
Set Scope 1&2 carbon reduction targets, develop carbon reduction strategies, take action, and regularly review achievement status.
2) Reduce Our Value Chain Emissions
Set reduction targets and strategies for Scope 3, including negotiations with the supply chain and supplier carbon management, to gradually reduce carbon emissions from raw materials. (We have not yet established reduction targets for Scope 3.)
3) Integrate climate issues into the Group's business strategy
Through climate governance, senior management oversees climate-related risks and opportunities, and integrates potential climate-related financial impacts into decision-making processes and corporate risk management frameworks.
4) Accelerate climate action in society
Collaborate with customers, suppliers, governments, and research institutions to accelerate societal achievement of carbon reduction goals.