Establishment of Long-Term Goals for Carbon Neutrality by 2050

May 10, 2022

The SHI Group resolved at a Board of Directors’ meeting held today to strive to achieve carbon neutrality by 2050 as a contribution to climate change countermeasures. The Group also set the following CO2 reduction targets for 2030 that will serve as interim performance indicators.

・ Aim to achieve carbon neutrality (i.e., achieve net zero CO2 emissions) throughout the entire SHI Group by 2050
・ CO2 emissions during product manufacturing (Scopes 1 and 2*1): 50% reduction by 2030 (compared to FY2019)
・ CO2 emissions during product use (Scope 3, Category 11*2): 30% reduction by 2030 (compared to FY2019) 

At the SHI Group, our business is built on providing industrial machinery that supports our customers’ production activities. We believe that helping accelerate the realization of a carbon-free society through our products and services will build value for SHI Group products and, further, facilitate sustainable growth for the Group.

● For Scope 3 emissions that are other than Category 11, we will assess the actual situation and then conduct studies toward setting targets accordingly.
● We will proceed with TCFD-based climate change disclosure as information becomes available.

*1: Established by the GHG Protocol, emissions Scopes 1, 2, and 3 refer to the sum of all greenhouse gas (GHG) emissions related to business activities, not just a business’s own emissions.
 External link: Ministry of the Environment, Green Value Chain Platform
 ・ Scope 1: Greenhouse gas emissions coming directly from businesses themselves (fuel combustion, industrial processes)
 ・ Scope 2: Indirect emissions coming from the use of electricity, heat, or steam supplied by other companies
 ・ Scope 3: Indirect emissions that are not included in Scope 1 and Scope 2 (emissions of other companies that are related to a business’s activities)
*2: Indirect GHG emissions not included in Scope 1 or Scope 2 that come from the use of products sold.