Mitsubishi Materials Corporation

News

July 19, 2022

July 15, 2022

Mitsubishi Materials Corporation

Application for the International Initiative Science Based Targets Certification

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

<Contact details for inquiries>
Corporate Communications Dep., Management Strategy Div.,
Strategic Headquarters : +81-3-5252-5206

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