Sanyo Shokai Co., Ltd. (Head Office: Shinjuku-ku, Tokyo; President and CEO: Noboru Oe) submitted a commitment letter to SBT initiative (*2), an international initiative, with the aim of obtaining certification for SBT (*1), which is a target for reducing greenhouse gases consistent with the level set by the Paris Agreement, and announced that it would seek to acquire SBT certification within two years.

Details of initiatives

Sanyo has discussed the ideal state of our company in 2030 and has identified " Contribution to a sustainable global environment" as one of the four materiality (key issues) identified as our medium-term vision. We are working on climate change measures to reduce greenhouse gas (GHG) emissions associated with our business activities. Specifically, we will contribute to the reduction of environmental impact through sustainability activities such as Reduction of GHG emissions,Manufacturing products using environmentally friendly materials, and Inventory reduction/Waste reduction through purchasing management.

Sustainability of Sanyo：https://www.sanyo-shokai.co.jp/en/sustainability/

Sanyo's target for reducing GHG emissions

• Reduce GHG emissions of Scope1 and 2 by 50% from fiscal 2019 levels by fiscal 2030
• Reduce GHG emissions of Scope3 by 30% from fiscal 2019 levels by fiscal 2030
• Reduce Scope1 2 GHG emissions to net-zero by fi fiscal 2050

We have set targets for reducing GHG emissions and comprehensively plan and manage such measures as energy conservation and planning measures in cooperation with our suppliers. We will continue to monitor and disclose quantitative information to achieve this goal.

*1 SBT(Science Based Targets): Greenhouse gas emission reduction targets set by companies with a target year of 5 to 15 year's in line with the levels required by the Paris Agreement.

*2 SBT initiative is a joint initiative of CDP, The United Nations Global Compact(UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) to assess companies' GHG-reduction targets.