Promotion of Circular Economy

Alongside changes in customer lifestyles, there is now a growing global trend for customers to use only specific functions of a product, rather than using or owning the whole product. In Europe, building a circular economy for sustainable economic growth has become a major economic strategy, in a move away from continuous resource consumption.
This trend is spreading around the world along with the change in customers’ sense of values. Amid this development, Panasonic is introducing the idea of the circular economy and moving forward in efforts to promote effective utilization of resources and maximization of customer value. The circular economy activities we promote have two aspects: 1) creation of circular economy businesses, and 2) evolution of recycling-oriented manufacturing.
In order to realize the new value of using only product functionalities, instead of using or owning the whole product, we will strive to create circular economy businesses. These include a "Sharing service", where multiple users use the same individual product, a "Product as a service" where services are fulfilled based on functions, and "Repair and Maintenance, Refurbish and Remanufacturing", where functions, values, and the life cycle of a product are utilized in the most efficient manner by recycling or reusing the product itself or the components used in the products.
Alongside this, we continue to implement recycling-oriented manufacturing by reduction of the total resources used, utilization of circulative resources, zero waste emission, and recycling. Furthermore, we will develop recycling-oriented manufacturing to a higher level by using new materials and the latest digital technologies.
With all these activities, we aim to realize both "A better life" and a "Sustainable global environment" towards our Environmental Vision 2050, based on an eco-design concept which maximizes customer value in use by increasing resource efficiency at each process in design, procurement, and production.

Concept for the Actions toward Circular Economy

We will promote effective utilization of resources and maximization of customer value by creating circular economy business and evolving recycling-oriented manufacturing.

As specific activities, we will take actions to meet out targets regarding resources in Green Plan 2021. First, in order to create circular economy businesses, we will complete mapping of the relationships between our existing business and the circular economy, and then, to shift the existing business to circular economy businesses based on the mapping.

Next, we aim to use 42 thousand tons or more of recycled resin (cumulative from FY2020-2022), by further developing the actions needed to achieve necessary component features, securing stable amounts of supplied components, improving the use of components in manufacturing, and developing recycling technologies.
Furthermore, as Zero waste emission activities are important in utilizing resources, we will continue to work toward achieving 99% or more for factory waste recycling rate at each factory in fiscal 2020.

To accelerate these activities, Panasonic started the 'Global Circular Economy Project' in April 2020 with Panasonic Europe as the project lead.