Teijin Limited announced today that it has committed to be validated as Science Based Targets (SBT) within two years based on a commitment letter that the company submitted to SBT Initiative (SBTi) on January 25.
The SBT provides companies with a clearly defined pathway to future-proofing corporate growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions. The objective is to help achieve the Paris Agreement's goal of limiting global temperature rise to well less than two degrees Celsius above pre-Industrial Revolution levels, which is expected to significantly reduce the risks and impacts of climate change. Teijin aims to be validated for committing to a high target of well under two degrees in line with the SBTi’s criteria.
Teijin’s current targets for lowering its groupwide environmental impact include reducing CO2 emissions in fiscal 2030 by 20% compared to the fiscal 2018 level and then achieving net-zero emissions by fiscal 2050.
Teijin, under its long-term vision of being a company that supports the society of the future, is delivering solutions to help realize a more sustainable society in three key fields: 1) environmental value, 2) safety, security and disaster mitigation, and 3) demographic change and increased health consciousness. As a people-focused company, Teijin provides innovative solutions for enhanced quality of life and also works to minimize any negative impact on the environment or society in its business activities.
Source: https://www.teijin.com/