NGK INSULATORS has acquired certification Science Based Targets initiative (SBTi) under the Net-Zero Standard for its greenhouse gas emissions reduction targets. The Company’s targets for achieving net zero CO2 emissions in 2050 were recognized as being scientifically valid.
NGK Group Environmental Vision
In April 2021, the NGK Group established the NGK Group Environmental Vision and is working to reduce its CO2 emissions (Scopes 1 and 2) to achieve net zero emissions by 2050 at the latest. Furthermore, the Group has set targets for its entire value chain (Scope 3) under the SBTi Net-Zero Standard, which has also been certified.
For Scope 3, the Group is aiming for a reduction of at least 90% compared to fiscal 2022, its base year, by 2050. As a step to achieving this target, the Group aims to achieve a 25% reduction in Scope 3 emissions against the base year by 2030. These have been recognized as net-zero science-based targets.
Carbon Neutrality Strategy Roadmap
For Scopes 1 and 2, the Company has formulated a Carbon Neutrality Strategy Roadmap comprising four strategies, and it is working to reduce emissions by bolstering energy-saving activities, switching from fossil fuels to hydrogen and other fuels for ceramics firing, developing CO2 capture technologies, and expanding the use of renewable energy.
For Scope 3, the Company is cooperating with its business partners to calculate their emissions volumes and promote activities for reducing them, thereby promoting reduction across the entire value chain.
