Murata Manufacturing Co., Ltd. has previously set a greenhouse gas (GHG) emission reduction target by fiscal 2030. Since this target is in accordance with the Paris Agreement, aiming to "endeavor to limit global temperature rise to 1.5°C above pre-industrial levels," and is based on scientific evidence, it has been recognized as an SBT by the international advocacy organization "SBTi (Science Based Targets Initiative)."
The SBT Initiative (SBTi) is an international organization jointly established by CDP, an international non-profit organization that provides an environmental information disclosure platform, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWWF). The organization mobilizes companies to set greenhouse gas emission reduction targets based on science, and reviews and identifies corporate targets from an independent standpoint
.
Murata's emission reduction targets
The following are Murata Group’s greenhouse gas emission reduction targets after obtaining SBT certification:
Scope 1+Scope 2 (1.5°C standard)
:
For areas of emissions from the company’s own use, such as factory product manufacturing and electricity used in business premises, emissions will be reduced by 46% in fiscal 2030 (compared to fiscal 2019);
Scope 3 (WB 2.0℃ standard)
:
Indirect emissions outside Scope 1+2, such as raw material procurement, product transportation, and disposal, will reduce emissions by 27.5% in fiscal 2030 (compared to fiscal 2019).
In recent years, in order to cope with the increasingly serious environmental problems around the world, companies are required to take measures to combat climate change, including decarbonization. In order to effectively respond to various demands from society, Murata has selected "Strengthening Climate Change Measures" as a key issue (Materiality), set a total GHG emission reduction target, and is operating its business accordingly. The entire Murata Group is actively investing to promote energy conservation and the use of renewable energy.
In terms of energy-saving measures, Murata has been implementing 450-600 energy-saving measures per year for many years (reducing CO₂ emissions by about 50,000 tons).
However, in recent years, the speed of business expansion has exceeded the effectiveness of such measures, and the total GHG emissions have been on the rise.
Since fiscal 2018, Murata
Manufacturing
has been actively working to expand the introduction of renewable energy on the basis of energy conservation. As a result, GHG emissions (Scape1+2) have begun to decrease after reaching a peak in fiscal 2018, and have been reduced to 1.435 million tons of carbon dioxide equivalent (t-CO₂e) in fiscal 2020, a reduction of 174,000 tons from the previous fiscal year.
Murata will continue to work hard to achieve its emission reduction targets, aiming to reduce emissions to 1.4 million tons in fiscal 2021, 1.28 million tons in fiscal 2024, and 870,000 tons in fiscal 2030. Regarding Scape3, Murata will continue to reduce CO₂ emissions in the supply chain by selecting materials that reduce environmental load and increasing the proportion of recycled and reused materials.
In order to promote the use of renewable energy, Murata Manufacturing joined
RE100
in 2020.
In terms of electricity used in business activities, the target for the introduction of renewable energy is set at 50% by 2030 and 100% by 2050.
Murata Manufacturing will continue to actively implement measures to expand the use of renewable energy within Murata Group companies.
To further accelerate such environmental investments, Murata Manufacturing will start operating a carbon pricing mechanism
in fiscal 2021. This
will give economic value to CO₂ emission reductions and include them in investment indicators, making it easier for Murata Group companies to make environmental investments.
In addition to this mechanism, Murata Manufacturing will work to create a more effective
CO₂ emission reduction mechanism.
RE100 is a global collaborative initiative that aims to convert electricity used in business activities to 100% renewable energy.
RE100 is hosted by The Climate Group in partnership with CDP and operated as part of the global business climate alliance We Mean Business.
In Japan, the Japan Climate Leadership Partnership (JCLP) has been supporting the participation and activities of Japanese companies as the official regional partner of RE100 since 2017
.
Murata Manufacturing's shadow pricing mechanism. This is a mechanism that promotes environmental investment by assigning economic value to CO₂ that can be reduced through investment.
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