The Panasonic Group Aims to Create Impact that Reduces CO2 Emissions by at Least 300 Million Tons by 2050.
In January 2022, we launched our Mid- to -long-term Environmental Vision, Panasonic GREEN IMPACT (PGI), based on our belief that global environmental challenges, including climate change, are the most pressing global issues to prioritize across all our group businesses. PGI was formulated with the intention of accumulating efforts (Act) aimed at reducing CO2 emissions within our Group and in society, as we work in concert with society to achieve carbon neutrality.
PGI is classified into OWN IMPACT, signifying the fulfilment of our responsibility to reduce CO2 emissions in our own business activities, along with CONTRIBUTION IMPACT and FUTURE IMPACT, signifying our contribution to reducing society’s CO2 emissions, and +INFLUENCE, signifying positive ripple effects that may lead to energy transformation and decarbonization of society as a whole, through changes in the behavior of our customers and society as a whole due to the initiatives described above and related communications. Through a combination of all the above, we aim to create impact that reduces CO2 emissions by at least 300 million tons1, equivalent to approximately 1% of current global CO2 emissions, by 2050.
1In 2020, energy-related CO2 emissions totaled 31.7 billion tons (source: IEA)
2Based on CO2 emissions data for the year 2020—indicates realization of net zero CO2 emissions from factory production around the world.
Our Action Plan Towards 2050 to Achieve Carbon Neutrality
As a milestone towards achieving Panasonic GREEN IMPACT, we are aiming to attain net zero CO2 emissions at all our companies, and to create approximately 100 million tons of avoided emissions, by fiscal 2031. We have also formulated our GREEN IMPACT PLAN 2024, an action plan to be implemented by fiscal 2025.
Under OWN IMPACT, we aim to avoid 16.34 million tons of CO2 emissions in fiscal 2025 through measures such as reducing CO2 emissions from our own factories and offices and enhancing the energy-saving performance of Panasonic products used by our customers. Furthermore, by fiscal 2031, we aim to achieve net-zero CO2 emissions at our own factories and offices.
With CONTRIBUTION IMPACT, we will strive to enhance the competitiveness of our present business fields, helping our customers and society in general to avoid CO2 emissions. We aim to achieve 38.3 million tons of avoided emissions in fiscal 2025, and 93 million tons by fiscal 2031.
By 2050, we aim to achieve a total impact of over 300 million tons in avoided emissions.