Panasonic Recognized with Top ‘A’ Rating by CDP for Climate Change Leadership for Third Consecutive Year

CDP is widely recognized as the global standard for corporate environmental reporting, and the ratings published annually by CDP are widely used to drive investment and procurement decisions toward a net zero, sustainable and resilient economy. In 2024, more than 24,800 companies, representing two-thirds of the global market value, reported their environmental data through CDP. Earning an “A” rating from CDP indicates that a company has been evaluated as positioning climate change as a critical management issue and has effectively managed governance, strategy, risk management, metrics, and targets related to climate change as per the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD)*³, which helps the company to gain the trust of investors and customers and facilitate its business.

PHD received the highest “A” rating in the climate change category again for setting ambitious and meaningful goals to address and resolve climate change issues, for its emissions reduction activities, and for the transparency and comprehensiveness of its information disclosure. Moreover, in 2024, PHD received recognition from the international organization Science Based Targets initiative (SBTi)*⁴ for its “Net-Zero Targets”.

Committed to making sure that my children and grandchildren and yours, and future generations can enjoy a healthy environment, the Panasonic Group will continue to promote efforts to solve global environmental problems and transparent disclosure of environmental information to achieve the mission of realizing “an ideal society with affluence both in matter and mind.”

*1: CDP is an international NGO headquartered in the United Kingdom. It conducts activities to urge companies and local governments to disclose information about their environmental measures.

*2: CDP rates companies using nine grades (A, A-, B, B-, C, C-, D, D-, and F).

*3: Task Force on Climate-Related Financial Disclosures (TCFD): A framework for disclosing financial information on corporate climate change initiatives and impacts. The TCFD was established by the Financial Stability Board, which consists of central banks and other institutions from various countries, in response to a request from the G20.

*4: A collaboration between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), with a global team composed of people from these organizations.

The Panasonic Group has set forth its long-term environmental vision, “Panasonic GREEN IMPACT,” with the aim of achieving both a better life and a sustainable global environment for all. Under PGI, Panasonic Group strives towards achieving virtually net zero CO₂ emissions from its own operations by 2030, and will contribute an impact of more than 300 million tons*⁵ of reduced and avoided CO₂, which is equivalent to about 1 percent of the current global total of approximately 31.7 billion tons*⁶ by 2050. The group also works on business activities to realize a circular economy in which resource efficiency contributes to decarbonization and reduces the consumption of limited natural resources.

*5: CO₂ Emission factor based on 2020

*6: 31.7 billion tons of energy-derived CO₂ emissions in 2020 (Source: IEA)

Panasonic GREEN IMPACT - About Us - Panasonic Holdings
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