Japan Tobacco Inc.’s (JT) (TSE:2914) long-term Greenhouse Gas (GHG) emission reduction target has been approved as a Science Based Target (SBT) by the Science Based Target initiative (SBTi). SBTi is an international partnership between CDP (formerly the Carbon Disclosure Project), the UN Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) which mobilizes companies to set SBTs in the transition to a low-carbon economy.
Our approved target, developed in line with the Paris agreement on Climate Change, is to reduce absolute Scope 1i and Scope 2ii GHG emissions by 32% and absolute Scope 3 Category 1iii GHG emissions by 23% by 2030iv. This journey towards a zero-carbon future will be achieved by reducing our energy usage, as well as increasing the proportion of electricity sourced from renewable sources, while constantly looking at innovative ways to achieve and exceed our target.
“We are proud that SBTi has approved our target.” Chigusa Ogawa, Senior Vice President, Sustainability Management, said. “As a Group, we strive to foster a sustainable environment for our business and for future generations. Climate change remains a key environmental challenge for us, as it can have a direct impact on our value chain and the society at large. As a global business, we recognize the opportunity – and the importance – to be part of the solution”, Ms. Ogawa added. […]
i Direct GHG emissions from corporate activities, such as burning of fossil fuels at factories.
ii Indirect GHG emissions from consumption of purchased electricity, heat, or steam.
iii Other indirect emissions, including from the manufacture of products bought from other companies.
iv From a 2015 base-year.