Sep 29, 2023
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Jan 27, 2023
Sustainability / Press Release
Panasonic Automotive Systems Co., Ltd. (Representative Director, CEO: Masashi Nagayasu, Head office: Yokohama City, Kanagawa Prefecture, hereafter “Panasonic Automotive”) achieved net zero CO2 emissions*1 at all 14 global sites*2 including 6 domestic sites (2 in Yokohama and 1 each in Shirakawa, Matsumoto, Tsuruga, and Kusatsu), and 8 overseas sites (2 in China and one each in Thailand, Malaysia, and the Czech Republic, and 3 in Mexico) in January 2023.
(1) Energy-saving initiatives
(2) Introduction of renewable energy sources
Panasonic views initiatives to reduce our own and society’s CO2 emissions in an effort to find solutions to global warming as a paramount Group issue, and in this regard, we are engaged in working toward our own goal, Panasonic GREEN IMPACT.
Laws and regulations on CO2 reduction in the automobile industry are being bolstered mainly in Europe. To that end, our customers, which are car manufacturers, are also requesting that their clients achieve zero CO2 emissions and switch over to renewable energy sources. This trend is expected to accelerate around the globe, with the growing possibility of zero CO2 emissions becoming a term of business at car manufacturers.
Panasonic Automotive is achieving net zero CO₂ emissions in response to such demands. Reaching this goal of net zero CO₂ emissions at the Panasonic Group by 2030 is first being realized as a business company. The company will promote blatant honesty in energy-saving efforts with a focus at work sites, with the goal of annually reducing our total energy usage by 3% compared to the previous year. Also, we plan to distribute resources resulting from energy-saving activities to renewable energy procurement costs, and plan to halve our reliance on external renewable energy sources by 2030.
*1 Net zero CO₂ emissions: The company actively promotes virtually zero CO2 emissions by procuring Non-Fossil Fuel Certificates and I-REC Certificates to offset the company’s CO2 emissions from electricity, and credits to offset CO2 emissions from fossil fuels.
*2 All sites: Refers to all global sites supervised by Panasonic Automotive Systems Co., Ltd.
*3 Environmental certification: Documentation which certifies the value of electricity generated in a way that does not result in CO2 emissions, including non-fossil fuel energy certificates, J-Credits, etc.
Businesses that purchase environmental certificates are recognized by the national government as receiving energy supply that does not result in CO2 emissions.
*4 Corporate PPA (Power Purchase Agreement): A long-term agreement for a business to purchase electricity generated via natural energy from a power producer. In general, contracts are for 10 to 25 years.
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