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Committed to People, Committed to the Future.

Message from the Corporate Environmental Officer

We have developed an updated environmental vision and will advance our proactive approach toward the achievement of a sustainable society. Tsutomu Kamijo Executive Officer Corporate Senior Vice President Toshiba Corporation

[Image] Tsutomu Kamijo Executive Officer Corporate Senior Vice President Toshiba Corporation

In recent years, various social issues such as those represented by the SDGs have grown increasingly serious, to the point where they threaten the safe, secure lives of future generations. Starting with climate change, many of these issues are related to the environment, such as depletion of energy and resources, water shortages, and loss of biodiversity, and various movements to address these issues are spreading worldwide.
Regarding climate change in particular, the impact of floods, typhoons, and other natural disasters is already being felt in many parts of the world, and we recognize addressing this issue is extremely urgent and highly important. According to the IPCC,*1 if the current situation persists, the global average temperatures may increase by 1.5°C as early as 2030 compared to the pre-industrial level,*2 so we as a company must make our best efforts to restrain the increase of the global temperature well below 2°C (ideally, 1.5°C), which is a goal set out in the Paris Agreement.
Against the backdrop of a higher global population and increased economic growth, the issues of resource depletion and waste disposal are also increasing in severity. A transition to a "circular economy," in which resources are circulated without creating waste, is underway mainly in Europe, and it has become important to establish business models that aim to achieve both resource circulation and economic growth.

In order to contribute to resolving these issues and to aim to achieve sustainable growth as a company, it is important for us to continue to create and provide rich value while responding to global trends from a long-term perspective. As early as 2007, Toshiba Group incorporated the concept of backcasting*3 to set out a long-term vision for 2050, and we have been working to resolve environmental issues and to create new value. Recently, we reviewed the content of our vision by taking into account changes in social circumstances and other matters; we then formulated "Environmental Future Vision 2050."
Under the "Environmental Future Vision 2050," we will promote activities in three areas: "response to climate change," "response to the circular economy," and "consideration of ecosystems." In response to climate change, we aim to reduce greenhouse gas emissions by 50% by FY2030 (compared to the FY2019 level) throughout our Group's value chain, thereby contributing to the achievement of a net zero emissions society by 2050 in line with the direction of the Paris Agreement. We will contribute to the decarbonization of society as a whole by measures such as creating and providing advanced energy technologies to realize decarbonization as well as energy-saving products and services. As for the circular economy, in addition to effectively making use of resources in both business activities and on the side of products and services, we will utilize our digital technologies to promote circular economy businesses. With regard to consideration of ecosystems, we will promote appropriate management of chemical substances and water resources as well as other activities aimed at biodiversity conservation. Through these activities, we aim to contribute to realizing a sustainable society.
In order to achieve our vision, we have set out a breakdown of greenhouse gas reduction targets for 2030, and acquired approval of the Science Based Targets (SBT) *4 initiative in 2020. Toshiba Group has also declared its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*5 and will focus efforts on information disclosure regarding the risks and opportunities related to climate change in our Group's businesses.

With the aim of creating affluence and ensuring coexistence with the earth and with the foundation of our basic commitment being Toshiba Group's statement of intent, "Committed to People, Committed to the Future," we will further deepen our environmental management. Striving to stay faithful to our efforts to address various social issues, we will continue to endeavor to make the utmost efforts. We would very much appreciate your continued support.

*1
The Intergovernmental Panel on Climate Change.
*2
Source: "Special Report on Global Warming of 1.5°C" by the IPCC.
*3
Backcasting is a method that defines a desired goal and works back through the series of actions necessary for its achievement.
*4
Science-based targets are scientifically grounded GHG reduction targets set by companies on a medium- to long-term basis in order to keep the global average temperature increase this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. Science-based targets are validated by the SBT initiative.
*5
The TCFD is an organization established by the Financial Stability Board (FSB) in 2015 where financial institutions and companies discuss the climate change issue from the perspective of financial stability.

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