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[Topic 1] Action on climate change Toward the realization of a low-carbon society

[Topic 1] Action on climate change<br>Toward the realization of a low-carbon society

[Topic 1] Action on climate change Toward the realization of a low-carbon society

For the Oji Group that utilizes a range of renewable energy resources, including wood, the main material, the conservation of the natural environment is essential from the perspective of business continuity. We also believe that it will be able to enhance the sustainability of its business activities through proactive measures to address the issue of climate change.
With a view to realizing the desired future image of the Group, we established the target of achieving "net-zero carbon" by 2050, and in its Environmental Action Program 2030 established the target of reducing greenhouse gas (hereinafter "GHG") emissions by 70% (compared to 7,836 thousand tons in FY2018). With this target in mind, we position the following two actions as key initiatives: the promotion of CO2 absorption and fixation through the sustainable management of the Oji Forests, and GHG emissions reduction through a range of measures such as the acceleration of the shift to renewable energy including biomass and hydroelectric power, the improvement of the efficiency of logistic services, and the implementation of full-scale efforts to conserve energy. To increase the probability of meeting its targets, we have been taking measures including the creation of a roadmap toward the achievement of its targets and the formation of project teams.

Roadmap

You can see this table by scrolling horizontally.
  Category Sub-category GHG reduction
(kt-CO2e)
GHG reduction
GHG emissions reduction Improve energy efficiency Energy conservation 204 2.6%
Increase the percentage of renewable energy use Reducing coal consumption 787 10.1%
Installation of private solar panels, etc. 60 0.7%
Transform the business structure Move toward business structure with low GHG emissions 516 6.6%
Subtotal 1,567 20%
CO2 absorption by forests Invest in forestry conservation and tree plannting Expanding forest plantations 3,918 50%
Total 5,485 70%

Net GHG emissions in FY2020

We achieved a 17% reduction in FY2020 against the target of a 70% reduction (including net increment in carbon stocks by forests) for FY2030. Going forward, we will actively promote GHG emissions reduction and the expansion of net increment in carbon stocks by forests.

Net GHG emissions