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.
| Category | Item | Target by FY2030 GHG emissions reduction and net increment in carbon stocks |
||
|---|---|---|---|---|
| kilo ton/yr –CO2e | Reduction Rate | |||
| GHG emissions are reduced by | Increase energy efficiency | Continue efforts to conserve energy | 204 | 2.6% |
| Increase the percentage of renewable energy used | Reduce the amount of coal-based power used | 508 | 6.5% | |
| End the sale of electricity generated from fossil fuels. | 279 | 3.6% | ||
| Install solar power generation panels for in-house power generation. | 60 | 0.7% | ||
| Transform the business structure | Facilitate transformation into a business structure with lower GHG emissions | 516 | 6.6% | |
| Subtotal GHG emissions reduction | 1,567 | 20% | ||
| Net increment in carbon stocks by forests* | Invest in forest maintenance and tree planting | Expand plantation forests | 3,918 | 50% |
| Net GHG emissions reduction in total | 5,485 | 70% | ||
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.
