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Environmental Future Vision 2050

"Committed to People, Committed to the Future." is the long standing Basic Commitment of the Toshiba Group, a statement that expresses our enduring credo to contribute to the development of society through our business. Since our founding, Our Purpose has been to combine the power of invention with our expertise and desire for a better world, to tackle increasingly complex and serious social issues, and to turn on the promise of a new day. Motivated by this philosophy, we are promoting the Toshiba Next Plan, a company-wide transformation plan for the five years starting from FY2019. While providing highly reliable services and state-of-the-art technologies that contribute to solving social issues, we will contribute to the achievement of the Sustainable Development Goals (SDGs) and further enhance our corporate value.

[Image] Environmental Future Vision 2050

In 2007, Toshiba Group developed Environmental Vision 2050, which envisages affluent lifestyles in harmony with the earth as the ideal situation for mankind in 2050, and we have been promoting activities to realize this vision. Under Environmental Vision 2050, we strive to provide safer, more comfortable lifestyles and to create enriched value for customers while working to mitigate climate change, use resources efficiently, and manage chemical substance properly with the aim of achieving harmony with the earth. This concept is also reflected in the Sixth Environmental Action Plan (FY2017-FY2020), which is the specific activity plan for realizing the Vision.

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Environmental Future Vision 2050

In recent years, climate change, the depletion of energy and resources, and various other environmental issues have grown increasingly serious, to the point where they threaten the safe, secure lives of future generations. With regard to climate change in particular, given the impacts of floods, droughts, and enormous typhoons in many parts of the world, the 2015 adoption of the Paris Agreement*1 has spurred the movement toward decarbonization to accelerate in each country. In the face of these circumstances, companies must recognize the importance of climate change from a long-term perspective and proactively respond in order to realize a decarbonized society.

In addition, over the last several years, countries worldwide have been trying to address issues such as the transition to a circular economy, marine plastics, water resources, and biodiversity conservation; society’s interest in such issues is growing. Meanwhile, the dissemination of the SDGs, an expansion in ESG investment, and other movements related to companies’ overall sustainable management are gaining momentum.

In line with these social changes, business structure transformation is also underway within Toshiba Group. Under the Toshiba Next Plan, we will complete the transition to become an infrastructure services company by making the most of Cyber-Physical Systems (CPS) technology.

Amid these changing circumstances, we consider it important to continue to provide enriched value to customers as we respond to global trends from a long-term perspective in order to contribute to the realization of a sustainable society and to aim to grow as a sustainable company. As such, Toshiba Group has formulated "Environmental Future Vision 2050" as a new long-term vision from a global perspective for responding to decarbonization, the circular economy, and other issues. With the goal of "contributing to the realization of a sustainable society through environmental management which aims to create enriched value and to ensure harmony with the earth," Environmental Future Vision 2050 aims to realize a sustainable society—in other words, a decarbonized society, a resource circulating society, and a society in harmony with nature. Under the same concept of "backcasting,"*2 which we incorporated into the formulation of the previous Vision from 2007, we will promote the implementation of initiatives in three areas: "response to climate change," "response to the circular economy," and "consideration of ecosystems" so as to realize the ideal situation in 2050.

*1:
The Paris Agreement is an international framework adopted at the 21st session of the Conference of the Parties (COP21) that seeks to reduce the amount of greenhouse gas (GHG) emissions. It aims to restrain the increase in the global average temperatures to less than 2°C from the pre-industrial level and to pursue efforts to limit the temperature increase even further to 1.5°C. To this end, the Agreement's target is to lower the amount of GHG emissions to substantially zero by the latter half of this century.
*2:
Backcasting is a method that defines a desired goal and works back through the series of actions necessary for its achievement.

[Image] Environmental Future Vision 2050

Under "response to climate change," we aim to contribute to realizing a net zero emissions society by 2050 by reducing the amount of GHG emissions throughout our entire value chain (Scopes 1, 2, and 3) by 50% by FY2030 compared to the FY2019 level. With regard to our own target for the amount of GHG emissions throughout the value chain, we aim to reduce emissions by 80% by FY2050 compared to the FY2019 level.

These goals are consistent with those of the Paris Agreement, and we consider these efforts to be essential to realize the future envisaged by the Paris Agreement. Specifically, in addition to our investment in energy-saving equipment and expansion of the use of renewable energy, we will suspend new orders for coal-fired thermal power plant construction work, and leverage our technological capabilities to create products and services that contribute to GHG reductions in society. Such products and services include energy technologies to realize decarbonization: renewable energy, energy aggregation* for power supply and demand adjustment, CO2 separation and capture technology, highly energy-saving social infrastructure products and building-related products, and so on. We will even promote business that involves adaptation measures.

Under "response to the circular economy," we will promote efficient use of resources in both business activities and products and services. At the same time, we will actively collaborate with relevant parties, such as industry organizations, government agencies, and other companies, in order to adapt our business models to the circular economy. Specifically, we will work to reduce the amount of waste from business activities and to recycle used products and parts, as well as aim to construct circular economy business models based on solutions that employ digital technologies, which is our focus.

Under "consideration of ecosystems," we will contribute to the creation of a society where humans live in harmony with nature and continue to enjoy the blessings of ecosystems by promoting compliance with the policy and regulations on chemical substance management in countries around the world, proper management of water resources, and activities for biodiversity conservation at company sites.

Through these efforts, we will reduce environmental impacts in the lifecycle of products and services, thereby contributing to the realization of a sustainable society. With the aim of integrating business and environmental management, we will actively develop environmental contribution measures in our business areas of focus in a way that is consistent with the business strategy presented in the ongoing Toshiba Next Plan.

*
A mechanism for consolidating various energy resources, such as renewable energy and EV (Electric Vehicle), and controlling output according to power supply and demand conditions.

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Setting targets for FY2030

[Image] Science Based Targets

In order to achieve Environmental Future Vision 2050, we set out the following breakdown of greenhouse gas (GHG) reduction targets for FY2030 and are promoting initiatives to achieve such targets. In 2020, we also acquired approval of the Science Based Targets (SBT)* initiative regarding our FY2030 target.

*
Science-based targets are scientifically grounded GHG reduction targets set by companies on a medium- to long-term basis in order to strain 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.

(For all items below, the base year is FY2019.)

  • Reduce the total of Scope 1*1 and Scope 2*2 (GHG emissions generated from Toshiba Group's own business activities) by 28% by FY2030.
  • Reduce use-phase GHG emissions of "products and services associated with power supply"*3 sold in Scope 3*4 by 50% by FY2030.
  • Reduce use-phase GHG emissions of "products and services associated with power consumption"*5 sold in Scope 3 by 14% by FY2030.
*1:
Amount of direct emissions through fuel use at Toshiba Group
*2:
Amount of indirect emissions through use of electricity and heat purchased by Toshiba Group
*3:
Power generation plants, etc.
*4:
Amount of indirect emissions generated by Toshiba's value chain (raw materials procurement, distribution, sales, disposal, etc.) outside Scopes 1 and 2
*5:
Social infrastructure products, building-related products (air conditioners, lighting equipment, elevators and escalators), retail and printing equipment, power devices, etc.

For Scopes 1 and 2, we will reduce the amount of emissions by measures such as investing in energy-saving equipment and increasing the use of renewable energy in Toshiba Group's own business activities.

For Scope 3, we will set Category 11, "Use-phase GHG emissions of sold products" as the boundary and will incorporate "products and services associated with power supply," which was not included previously, into the calculations. Also, we will aim to significantly reduce emissions by transitioning from the coal-fired power business.

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Formulation of the Seventh Environmental Action Plan

We have formulated the Seventh Environmental Action Plan (FY2021-FY2023) based on Environmental Future Vision 2050, and we will promote activities by setting target values as specific KPIs for each fiscal year.

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