News

Mitsubishi Materials Corporation has applied for Science Based Targets ("SBT") certification by setting new reduction targets for Scope 3 ^(*2), which includes greenhouse gas ("GHG") emissions of its business partners, in addition to the Group's reduction targets for Scope 1 and Scope 2 ^(*1) to virtually zero GHG emissions by FY2046.

SBT is a greenhouse gas emission reduction target set by companies for the next 5 to 15 years, consistent with the standards required by the Paris Agreement ^(*3). In addition to Scope 1 and Scope 2 emissions reductions, it is also required to reduce Scope 3 emissions, which are the emissions of the business partners.

(*1)

Scope 1 is direct GHG emissions by the business operator, Scope 2 is indirect GHG emissions resulting from the use of energy supplied by other companies.

(*2)

GHG emissions of the entire supply chain excluding Scope 1 and 2.

(*3)

Paris Agreement aims to limit global temperature increase to well below 2℃ above pre-industrial levels, and also to 1.5℃.

Mitsubishi Materials Group will continue to further contribute to the building of a decarbonized society by ensuring to consider the reduction of environmental impact in manufacturing and by promoting aggressive reduction of GHG emissions.

＜Related release＞
December 13, 2021
Notice Concerning Revision of Greenhouse Gas Emissions Reduction Target
- Aiming to Achieve Carbon Neutrality Five Years Earlier than the Original Goal -
https://www.mmc.co.jp/corporate/en/news/2021/news20211213.html

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