Jul 30, 2021 17:00 JST
Source: Showa Denko K.K.
Showa Denko Group Challenges to Realize Carbon Neutrality by 2050
TOKYO, Jul 30, 2021 - (JCN Newswire) - Showa Denko K.K. (SDK; TSE:4004) decided to work on realization of carbon neutrality by 2050 as an embodiment of "company that contributes to a sustainable global society," which is stated in the Showa Denko Group's long term vision as the "ideal state of newly integrated company."
|*Scope 1 (GHGs emitted from its own production activities); Scope 2 (GHGs emitted from production processes of purchased resources including electricity)|
As countermeasures against climate change, Paris Agreement (adopted in COP21) and other global programs are in progress. In Japan, the Japanese Government has declared to aim to achieve carbon neutrality and revised national target for GHG reduction. Thus implementation of programs on carbon neutrality is expected to be accelerated worldwide.
With regard to the Showa Denko Group, the Group has been working on countermeasures against climate change including its endorsement of TCFD (Task Force on Climate-Related Financial Disclosures) in 2019. Furthermore, the Group decided this time to promote its GHG emission reduction measures which are listed in the road map, in order to achieve the Group's carbon neutrality by 2050. We explain details of these measures in the "Showa Denko Report 2021" (integrated report), whose Japanese version is published today. (English version will be published at the end of August 2021)
The Showa Denko Group has been providing various products which contribute to sustainable development of global society. To contribute to sustainable development further, we recognize it is very important for us to reduce GHGs emitted from our production processes. Therefore, in our activities to achieve carbon neutrality, we will accelerate development and extension of the Group's production technologies. Furthermore, with regard to our plastic chemical recycling business, where we have already established certain level of technologies and commercialized them, we will develop new technologies taking carbon neutrality into consideration, and set 2030 as the target year for technology development. As a milestone, we set a target to make the Group's GHG emission 30% less than that in 2013 not later than 2030. We will revise our boundary, and together with Showa Denko Materials Co., Ltd. which SDK will integrate in 2023, the Showa Denko Group will realize GHG emission reduction through various measures including energy conservation, conversion of materials and fuels, and improvement in production efficiency resulting from upgrade of plant and equipment. The Group will announce progress in these measures via SDK's website which contains information about the Group's sustainability activities and Showa Denko Report (integrated report) which the Group publishes every year.
In order to promote its business activities to contribute to solution of social problems and achievement of SDGs, the Showa Denko Group will continue introducing environment-conscious production facilities and technologies, promoting environmental measures, and providing products which support realization of recycling-oriented society. Thus the Showa Denko Group will contribute to realization of carbon neutral society, and aim to become a company that contributes to a sustainable global society.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235
Sectors: Chemicals, Environment, ESG, EVs, Transportation
Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
More Latest Release >>
Eisai and Lifenet Enter Into Capital and Business Alliance Agreement Aimed at Building Ecosystem to Reduce Burden of Medical and Nursing Care
Aug 09, 2022 18:09 JST
Establishment of Maritime and Ocean Digital Engineering Cooperation Program at the University of Tokyo
Aug 08, 2022 14:46 JST
Waste-to-Energy Company in Singapore Made a Wholly-Owned Subsidiary
Aug 08, 2022 14:08 JST
Rovanpera extends WRC lead with rapid home run for TOYOTA GAZOO Racing
Aug 08, 2022 11:31 JST
Team HRC Wins 43rd Suzuka 8 Hours Endurance Race
Aug 08, 2022 11:18 JST
MHI to Issue its First Transition Bond
Aug 05, 2022 17:17 JST
Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter
Aug 05, 2022 16:40 JST
Honda Signs Agreement to Transfer Shares of Honda Lock Mfg. to MinebeaMitsumi
Aug 05, 2022 15:24 JST
MHI Group Signs Sponsorship Agreement with Thailand's Muangthong United Football Club
Aug 04, 2022 16:44 JST
Hitachi Energy Supports Huge Step in Germany's Energy Transition
Aug 04, 2022 10:02 JST
Eisai Presents New Findings on Lecanemab's Investigational Subcutaneous Formulation and Modeling Simulation of ApoE4 Genotype on Aria-E Incidence at AAIC 2022
Aug 04, 2022 09:25 JST
Eisai and Merck & Co., Inc., Rahway, NJ, USA Provide Update on Phase 3 LEAP-002 Trial
Aug 04, 2022 09:05 JST
Honda to Extend Power Unit Technical Support Agreement with Red Bull Power Trains to End of 2025
Aug 03, 2022 09:35 JST
NEC Visionary Week 2022 to provide insights on the future of society and business
Aug 01, 2022 13:13 JST
DENSO Announces Q1 2022 Results, Details Efforts Advancing its Pursuit of Sustainability and Safety
Jul 29, 2022 18:32 JST
Mitsubishi Power Receives Order from HK Electric for Re-provision of Gas Turbine Equipment at the Lamma Power Station
Jul 29, 2022 18:25 JST
Mazda Included in MSCI Japan ESG Select Leaders Index
Jul 29, 2022 18:17 JST
TOYOTA GAZOO Racing Ready to Defend Unbeaten Home Record
Jul 29, 2022 17:27 JST
Mazda Production and Sales Results for June 2022 and for January through June 2022
Jul 29, 2022 11:16 JST
Fujitsu and Hokuhoku Financial Group develop algorithm for efficient flood risk calculation for Task Force on Climate-related Financial Disclosures (TCFD) reporting
Jul 28, 2022 15:49 JST