SEKISUI CHEMICAL CO., LTD (President and Representative Director: Keita Kato, hereinafter SEKISUI CHEMICAL) established new targets in October 2022 for reducing greenhouse gas (GHG) emissions in 2030. In March 2023, these targets were re-approved by the SBT (Scientifically-Based Target) initiative for the efforts to limit global temperature rise to 1.5°C above pre-industrial levels.
*The SBT is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science-based targets show companies how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the worst effects of climate change. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below (WB) 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
SEKISUI CHEMICAL Group recognizes that climate change is not only a major social issue, but also a major business risk for our group, and is actively contributing to minimize the issues. In 2018, our original targets were validated by SBT, the first in the chemical sector. In October 2022, we set new targets for reducing GHG emissions as climate-change measures become an even more urgent social issue.
New target for reducing GHG emissions
Under the long-tern vision “Vision 2030”, SEKISUI CHEMICAL Group has identified its vision statement “Innovation for the Earth”, which incorporates the Group’s commitment to drive continuous innovation as a means of supporting the basis of LIFE and continuing to create peace of mind for the future in order to realize a sustainable society.
Through business growth and reform and creating new business centered on ESG management, SEKISUI CHEMICAL Group aims to realize both a sustainable society and sustainable growth of the Group itself.
New Targets Established for Reduction of GHG Emissions by 2030 (press release October 3, 2022)
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 27,000 employees in over 200 companies throughout 21 countries and regions aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
SEKISUI CHEMICAL CO., LTD.
Public Relations Department
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.