Osaka, Japan – Panasonic Group today announced its commitment to create impact that reduces CO₂ emissions by more than 300 million tons^*1, or about 1% of the current total global emissions of 33 billion tons^*2, by 2050.

Established in 2017, the Panasonic Environmental Vision 2050 aimed to reduce energy consumption and generate a surplus of clean energy. The transition to Panasonic GREEN IMPACT highlights the Group’s shift in focus to actively address how much we can contribute to the challenges of global society towards carbon neutrality, rather than comparing the volume of clean energy we create to the volume we used.

In line with this transition, we have decided to replace the Group's energy-focused targets with CO₂ reduction goals in order to tackle global environmental issues and clearly show the value of our progress. Panasonic Group will contribute to global carbon neutrality by creating impacts that reduce our own CO₂ emissions and contribute to reducing the CO₂ emissions of society.

The four goals of Panasonic GREEN IMPACT
Goals of the new long-term environmental vision are set by reviewing impacts in four categories based on the scope, method and time frame of CO₂ reduction. We aim to achieve all four goals by 2050.

Impact 1: Emissions reduction in the value chain
Targeting a reduction of 110 million tons of CO₂ emissions from the Group's value chain (Scope 1, 2 and 3) by focusing on three areas including lighting, air conditioning, and ventilation. These areas combined account for 80% of the energy used during product usage and will reduce Scope 3 emissions generated by our customers.

Impact 2: Avoided emissions by existing businesses
Targeting a reduction of 100 million tons of CO₂ emissions through energy saving for customers in such existing business areas as automotive batteries, supply chain software, and air quality and air conditioning.

Impact 3: Avoided emissions through new technologies and businesses
Targeting a reduction of 100 million tons of CO₂ emissions through the transformation of renewable energy consumption by society and the innovation of new technologies and solutions such as hydrogen energy devices, etc.

Impact 4: Impact of repercussions in energy transformation for society
Promoting renewable energy in society through business activities and communication activities within Impact 1-3.

We are committed to work together with our customers and society to achieve an overall reduction of more than 300 million tons of CO₂ emissions.

*1 300 million tons calculated with 2020 emission factors
*2 2019 33.4 billion tons of CO₂ emissions derived from energy use (source: IEA)