Approach to Environmental Initiatives

-Two material issues for realizing our Mission-

Our Mission is to “achieve a society in which the pursuit of happiness and a sustainable environment are harmonized free of conflict.” With this in mind, we believe that our fundamental value is to play a leading role in transforming society into a sustainable one. At the same time, we have a responsibility to reduce our own environmental impact as we fulfill this role.

Based on our approaches and the expectations of our stakeholders, we have identified two material issues related to the environment: “Achieving decarbonization” and “Realizing a recycling-oriented society.” To maximize the positive impact and minimize the negative impact on each of these, we have set seven KPIs and their targets for fiscal 2031 as shown below.

Approach to Environmental Initiatives

-Two material issues for realizing our Mission-

Our Mission is to “achieve a society in which the pursuit of happiness and a sustainable environment are harmonized free of conflict.” With this in mind, we believe that our fundamental value is to play a leading role in transforming society into a sustainable one. At the same time, we have a responsibility to reduce our own environmental impact as we fulfill this role.

Based on our approaches and the expectations of our stakeholders, we have identified two material issues related to the environment: “Achieving decarbonization” and “Realizing a recycling-oriented society.” To maximize the positive impact and minimize the negative impact on each of these, we have set seven KPIs and their targets for fiscal 2031 as shown below.

Our Mission

“Achieving a society in which the pursuit of happiness and a sustainable environment are
harmonized free of conflict”
Two material issues on environment

The diagram shows seven KPIs and targets for FY2031. For the two material issues of 'achieving decarbonization' and 'realizing a circular society,' the company has set the following KPIs: avoided CO2 emmisions of approximately 60 million tons, zero-CO2 factories at all sites, 100% electricity renewable energy ratio, recycled material utilization rate in compliance with local regulations in each country, recycling rate of 99% or higher, and environmental contribution index of 15, KPI: 50% reduction of carbon footprint compared to FY2022.

*¹ : CO2 emissions per unit capacity of lithium-ion batteries for automotive use produced at the North American factory.
*² : The amount of CO2 emissions reductions achieved for our customers and society as a result of the introduction of our products, compared to the baseline level where no products were introduced.
*³ : Factories that have achieved virtually zero CO2 emissions by conserving energy, introducing renewable energy, and using credits.
*⁴ : Percentage of electricity, fuel, etc.

The Panasonic Group announced its long-term vision, “Panasonic GREEN IMPACT,” which aims to reduce its own CO2 emissions and contribute to CO2 emission reduction in society. Its goal is to achieve an impact of at least 300 million tons in CO2 emission reductions for the entire Panasonic Group by 2050. Prior to that, the Group aims to achieve a reduction of 93 million tons by fiscal 2031. To this end, Panasonic Energy has set an avoided CO2 emissions target of around 60 million tons, or about two-thirds of that number, toward the material issue of “Achieving decarbonization.”

Conceptual diagram illustrating the expansion towards carbon neutrality from fiscal year 2021 to 2051. There is a small circle on the left and a large concentric circle with three layers on the right. The circle on the left represents the CO2 emissions of 110 million tons within our own value chain in fiscal year 2021, while the concentric circle on the right represents the impact of over 300 million tons of CO2 reduction by Panasonic GREEN IMPACT in fiscal year 2051. The concentric circle on the right is divided into OWN IMPACT, with the central circle representing it, CONTRIBUTION IMPACT with two layers, and FUTURE IMPACT with three layers. Additionally, there is a +INFLUENCE spreading outside the three concentric circles. OWN IMPACT aims for a reduction of 110 million tons of emissions, while CONTRIBUTION IMPACT and FUTURE IMPACT each aim for avoided emissions of 100 million tons.

We also established our own Environmental Contribution Index, which indicates the avoided CO2 emissions in society through use of our batteries divided by net CO2 emissions from our battery production. Our target for fiscal 2031 is 15 times.

Environmental Contribution Index calculation formula.（Environmental contribution amount Avoided CO2 emissions in society through use of our batteries）÷（Environmental impact Net CO2 emissions from our battery production）＝15 in 2030

The Panasonic Group has further established the Panasonic Group-wide Circular Economy Policy to continue committing to the realization of a sustainable society based on the recognition that resource efficiency contributes to decarbonization and the need to reduce consumption of the earth’s limited natural resources. This policy is based on the principles of extending the useful life of products, maintaining and enhancing the value of resources throughout their life cycles, and minimizing the use of materials while increasing the proportion of recycled and renewable materials used. These principles are committed to working together with customers and partners to create new ways of recycling-oriented management, information sharing, and product use.

In accordance with this policy, Panasonic Energy is promoting a circular economy-type business that extends product life and reduces material use.

Panasonic Group “Environment : Mid-term to Long-term Environmental Vision”

Our Mission

“Achieving a society in which the pursuit of happiness and a sustainable environment are
harmonized free of conflict”
Two material issues on environment

*¹ : CO2 emissions per unit capacity of lithium-ion batteries for automotive use produced at the North American factory.
*² : The amount of CO2 emissions reductions achieved for our customers and society as a result of the introduction of our products, compared to the baseline level where no products were introduced.
*³ : Factories that have achieved virtually zero CO2 emissions by conserving energy, introducing renewable energy, and using credits.
*⁴ : Percentage of electricity, fuel, etc.

The Panasonic Group announced its long-term vision, “Panasonic GREEN IMPACT,” which aims to reduce its own CO2 emissions and contribute to CO2 emission reduction in society. Its goal is to achieve an impact of at least 300 million tons in CO2 emission reductions for the entire Panasonic Group by 2050. Prior to that, the Group aims to achieve a reduction of 93 million tons by fiscal 2031. To this end, Panasonic Energy has set an avoided CO2 emissions target of around 60 million tons, or about two-thirds of that number, toward the material issue of “Achieving decarbonization.”

We also established our own Environmental Contribution Index, which indicates the avoided CO2 emissions in society through use of our batteries divided by net CO2 emissions from our battery production. Our target for fiscal 2031 is 15 times.

The Panasonic Group has further established the Panasonic Group-wide Circular Economy Policy to continue committing to the realization of a sustainable society based on the recognition that resource efficiency contributes to decarbonization and the need to reduce consumption of the earth’s limited natural resources. This policy is based on the principles of extending the useful life of products, maintaining and enhancing the value of resources throughout their life cycles, and minimizing the use of materials while increasing the proportion of recycled and renewable materials used. These principles are committed to working together with customers and partners to create new ways of recycling-oriented management, information sharing, and product use.

In accordance with this policy, Panasonic Energy is promoting a circular economy-type business that extends product life and reduces material use.