We at the OMRON Group believe that creating sustainable societies in terms of the environment is part of contributing to a better society as stated in the OMRON Principles. In July 2018, we established OMRON Carbon Zero, a goal to achieve zero Scope 1 and 2 greenhouse gas emissions by the year 2050.
In March 2022, we will evolve our efforts to achieve carbon-neutral societies. We have changed our Scope 1 and 2*1 reduction targets from 2°C scenario-based targets to more ambitious 1.5°C scenario-based targets. We have also set a new 2°C scenario-based 18% reduction target for Scope 3 Category 11*2 emissions by the year 2030 (compared with fiscal 2016).
These targets have been approved by SBTi*3, which OMRON endorses.
In February 2019, we expressed our endorsement to the TCFD*4. We intend to proceed with information disclosure in annual reports and other documents in line with TCFD requirements.
In addition, we recognize the importance of activities in industry and trade associations as opportunities to discuss climate-related issues. We participate the Keidanren Environment and Safety Committee and the Liaison Group of Japanese Electrical and Electronics Industries for Global Warming Prevention. The policies and latest trends related to climate change discussed at these meetings are utilized in OMRON Group environmental management measures.
We support the Act on Promotion of Global Warming Countermeasures, participate actively in industry associations and initiatives that align with our approach and direction, and pursue climate change mitigation and adaption. In these ways, we strive to solve issues related to climate change.
In reviewing our participation in industry associations, we consider consistency with our business objectives, areas of focus, and business activities. We regularly scrutinize campaigns and other activities of industry associations to ensure there is no significant conflict between their ideas and ours. In the event of significant discrepancies, we consider withdrawing from such industry associations.