Net zero Scope 1+2 by 2050 Stated goal to become carbon neutral by reducing Scope 1 and 2 GHG emissions to net zero by 2050. In FY2023 the Carbon Neutral Task Force formulated a specific plan for achieving carbon neutrality by 2050, which was discussed and unanimously approved at the Managing Directors' Meeting.
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SDG alignment across products Reports alignment with multiple SDGs including 2 (Zero Hunger), 3 (Good Health), 6 (Clean Water), 7 (Affordable & Clean Energy), 8 (Decent Work), 9 (Industry & Innovation), 11 (Sustainable Cities), 12 (Responsible Consumption), 14 (Life Below Water), 15 (Life on Land), 16 (Peace & Justice).
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Dependent: Logistics modal shift (Scope 3 Cat 4 + 9) Modal shift from road/air to rail/ship for methanol, silicon wafers, and silicone products; acquired Eco-Rail Mark company certification. Started recycling product shipping cartons for heat-dissipating silicone grease, eliminating need for dry ice and reducing supply chain CO2.
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Primary: Electricity decarbonisation (Scope 2 — 54% of reduction plan) The largest decarb lever, accounting for ~54% of planned reductions, is purchasing hydroelectric and low-carbon electricity (e.g., Gunma PPA covers 100% of Yokonodaira Plant electricity, cutting that site's GHG by ~90%), installing solar PV at multiple plants, and transition of electric power companies to carbon neutral.
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Primary: Process efficiency and energy-saving in manufacturing Continuous productivity improvement, reaction efficiency improvement, heat pump utilization, heat recovery in raw material production, high-efficiency equipment, increased use of charcoal reducing agents, and transition to new manufacturing processes. New silicone intermediate manufacturing method introduced in 2023 cut energy by 48% and GHG by 47% vs. previous method.
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Dependent: Resource recycling — PVC, rare earth magnets, and other products Material recycling of PVC (60% of used PVC pipes/joints recycled into new pipes, 70% of agricultural film into flooring). Rare earth magnet recycling since 2007 from internal scrap and since 2013 from end-of-life appliances and hybrid cars, including a partnership with Toyota Motor Corporation to recycle neodymium and dysprosium from HEV motors. Shintech achieved +Vantage Vinyl Silver certification supporting U.S. vinyl industry recycling.
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Primary: CCU and carbon capture deployment Introduction of carbon capture plant and utilization (CCU) is targeted for the 2030–2050 phase, contributing ~6% of the carbon-neutral plan. The Naoetsu Plant is investigating advanced technologies for waste heat recovery and CO2 recovery.
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Acquired full ownership of Mimasu Semiconductor Industry Consummated the acquisition of the full ownership of Mimasu Semiconductor Industry to support semiconductor materials business expansion.
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CDP Climate Change A- score (Supplier Engagement Leader 2024) In FY2024, Shin-Etsu Chemical received a CDP climate change evaluation of A-. Also recognized as Supplier Engagement Leader 2024.
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Human Rights Policy revised in line with UN Guiding Principles In May 2024, Human Rights Policy was reviewed and revised based on the UN Guiding Principles on Business and Human Rights, following approval by the Managing Directors' Meeting.
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