SBTi 1.5°C validation (July 2023) GHG emission reduction targets and supplier engagement target validated by SBTi as 1.5°C-aligned in July 2023. Committed to net-zero by FY2050 via SBTi commitment letter.
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CDP A List 2023 Recognised on CDP Climate Change A List for the fourth consecutive year (announced February 2024).
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Scope 3 Cat 1 calculation methodology revised FY2023 Scope 3 Cat 1 emissions increased substantially (from 1.8M to 3.9M tCO2e) due to changes in calculation methods including revision of emissions intensity allocation and an increase in activities.
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Supplier engagement target: 70% of suppliers on 1.5°C FY2025 KPI for more than 70% of business partners (Scope 3 Cat 1 suppliers) to have set 1.5°C-aligned targets.
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SDG alignment — Goal 3 and Goal 17 Reports alignment with SDG 3 (Ensure healthy lives and promote well-being) and SDG 17 (Partnerships for the Goals) through access-to-healthcare and GHIT Fund partnerships.
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RE100 membership Member of RE100, targeting 100% renewable electricity by FY2030 with FY2025 KPI of ≥60%.
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80% renewable electricity in FY2023; RE100 target 100% by FY2030 Member of RE100 with a target of 100% renewable electricity by FY2030 and FY2025 KPI of ≥60% (already achieved). Renewable electricity utilization reached 80.0% in FY2023 (up from 9.4% in FY2021 and 78.1% in FY2022). Approach combines on-site solar (Pfaffenhofen Plant Germany 580 MWh/yr; Shanghai Plant ~540 MWh/yr; Onahama Plant ~4,000 MWh/yr), conversion of European plant to biomass wood pellets for steam in FY2023, and renewable electricity contracts. Group also opened its first Nearly ZEB-certified building at Onahama in March 2023 (78% energy reduction).
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No durable removals programme disclosed; focus on absolute reduction Report does not describe a removals or offsets programme. Strategy is framed around absolute Scope 1+2 reduction (49.8% vs FY2015) plus supplier engagement on Scope 3 Cat 1, en route to FY2050 net zero. Ecological Footprint metric tracks 'CO2 absorption area' as an indicator but is not used as a credit/removal mechanism.
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Primary: Renewable electricity procurement at manufacturing sites Conversion of plants to renewable electricity is the dominant Scope 1+2 lever: Pfaffenhofen has used 100% renewable electricity since 2014; Shanghai plant added solar in Jan 2023 cutting 300 tCO2/yr; on-site solar systems at Onahama (4,000 MWh/yr) and elsewhere. Result: Scope 2 fell from 103,150 tCO2 in FY2021 to ~24,000 tCO2 in FY2022-23.
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Primary: Net Zero Energy Buildings and energy efficiency First Nearly ZEB-certified building (Onahama new office, March 2023) cuts standard building energy by 78% (51.9% from savings, 26.9% from on-site generation via solar + high-efficiency HVAC, water heating, lighting). Listed levers across value chain include DX utilization, green chemistry, next-gen batteries, EVs and hydrogen.
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