Kyocera Corporation has reported that its new target is to reduce greenhouse gas (GHG) emissions by the fiscal year 2031 and has received another official endorsement from the Science Based Targets (SBT) initiative.
Kyocera’s new target is to reduce GHG emissions by 46% from the fiscal year 2020 levels, a further improvement over the original target of 30% from the fiscal year 2014 levels.
The Company is also targeting a 20x increase in renewable energy adoption by FY2031 in its production activities (compared to FY2014) and aims to be carbon neutral by 2050 under the Paris Agreement.
SBT is an international initiative established to support the Paris Agreement’s goal of limiting global warming to “well below” 2°C above pre-industrial levels.
The initiative involves collaboration among the CDP (an international organization encouraging companies to disclose information regarding climate change), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World-Wide Fund for Nature (WWF).
In 2018, as part of its longstanding program, the Kyocera Group set a goal to reduce GHG emissions by 30% by FY2031 (compared to FY2014 levels), has aimed to limit global warming to well below 2°C above pre-industrial levels, and received an endorsement from the SBT initiative in 2019.
Following a variety of successful environmental conservation efforts, Kyocera has increased its GHG reduction target and added an aggressive renewable energy target.
Kyocera will continue to work toward a sustainable, decarbonized society through a combination of conventional and new innovative approaches.