Climate Change

Medium-Term Targets and Progress

To achieve our Vision for 2030, we are managing progress for each KPI and have made achievement criteria and action plans for up to 2030.

Reduce GHG emissions

1. Continuing to grow our business while maintaining GHG emissions reducing 38% or more compared to FY2015 (50% or more in Japan, 24% or more overseas). Accelerating actions to achieve net zero GHG emissions by 2050 or sooner

FY2022 Results FY2023 Plan Final Year of 2021 3-Year Business Plan
(FY2024)		 Final Year of 2027 3-Year Business Plan
(FY2030)
  • GHG emissions were 2,820 kt-CO2e (an increase of 5% compared to FY2013)
  • Adopted an internal carbon pricing (ICP) system and promoted investment in reducing GHG emissions
  • Purchased substantial renewable energy
  • Advanced development of innovative smelting and refining processes
  • Reduce energy intensity by at least 1% by using highly efficient facilities, improving processes, and other methods
  • Advance investment in reducing GHG emissions (fuels transition, introduction of renewable energy, etc.) using the ICP system
  • Purchase substantial renewable energy
  • Continue development of innovative smelting and refining processes
  • Update climate change scenario analyses
  • Develop a roadmap for realizing carbon neutrality by 2050
 Achievement Criteria
  • Maintain GHG emissions below the level of FY2013
  • Develop a roadmap for realizing carbon neutrality by 2050
  • Reduce GHG emissions in line with targets and achieve KPI targets during each 3-Year Business Plan period
Action Plan
  • Implement measures for the 2021 3-Year Business Plan period and for each year with regard to reducing GHG emissions
  • Plan and expand various measures and confirm the suitability of KPI targets for realizing carbon neutrality by 2050
  • Implement the roadmap for achieving KPIs
  • Verify and revise roadmap and various associated measures

Reduce GHG emissions

2. Reduce GHG emissions intensity by at least 26% compared to FY2013

FY2022 Results FY2023 Plan Final Year of 2021 3-Year Business Plan
(FY2024)		 Final Year of 2027 3-Year Business Plan
(FY2030)
  • Reduced GHG emissions intensity by approximately 1% compared to FY2013
  • Advanced investment in reducing GHG emissions using the ICP system
  • Purchased substantial renewable energy
  • Reduce energy intensity by at least 1% through stable operations, production increases, and other methods
  • Advance investment in reducing GHG emissions using the ICP system
  • Purchase substantial renewable energy
 Achievement Criteria
  • Reduce GHG emissions intensity toward achieving the KPI target
  • Achieve the KPI target by reducing GHG emissions intensity in line with the targets of each 3-Year Business Plan
Action Plan
  • Implement the measures for the 2021 3-Year Business Plan period and for each year with regard to reducing GHG emissions
  • Plan and expand various measures, and confirm the suitability of KPI targets for achieving reductions in GHG emissions intensity
  • Implement measures for each 3-Year Business Plan period and for each year to achieve KPI targets
  • Verify and revise various measures

Reduce GHG emissions

3. Expand contribution of GHG reduction by products contributing to a low-carbon society: 600 kt-CO2 or more

FY2022 Results FY2023 Plan Final Year of 2021 3-Year Business Plan
(FY2024)		 Final Year of 2027 3-Year Business Plan
(FY2030)
  • Avoided emissions of 540 kt-CO2 through the supply of products contributing to a low-carbon society, including a near-infrared absorbing material for automobiles (CWO®) and battery materials
  • Increase production of battery materials and CWO®, and advance product development
 Achievement Criteria
  • Increase avoided emissions by products contributing to a low-carbon society
  • Increase number of products contributing to a low-carbon society and revise KPI targets
  • Increase avoided emissions by products contributing to a low-carbon society and achieve KPI targets during each 3-Year Business Plan period
Action Plan
  • Implement the measures for the 2021 3-Year Business Plan period and for each year with regard to increasing the number of products contributing to a low-carbon society
  • Conduct investigation and review to increase the number of products contributing to a low-carbon society (R&D and market development), plan measures and confirm suitability of KPI targets
  • Implement measures for each 3-Year Business Plan and for each year to achieve KPI targets
  • Conduct investigation and review to increase the number of products contributing to a low-carbon society (R&D and market development), and verify and revise measures

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