News

Mitsubishi Materials Corporation has established new greenhouse gas (GHG) emission reduction targets for the fiscal year ending March 2036 and 2041.
We have set out Our Commitment of "For people, society and the earth, circulating resources for a sustainable future."  A pillar of our Medium-term Management Strategy is to leverage our business strengths to advance initiatives for resource circulation.
As part of further detailing our roadmap toward achieving carbon neutrality by the fiscal year ending March 2046, and taking into account Japan's Nationally Determined Contribution (NDC)*1 set by the Japanese government in February 2025, we have established GHG emission reduction targets for Scope 1(*2) and Scope 2(*3) emissions for fiscal year ending March 2036 and 2041. These new targets are a 65% reduction by fiscal year ending March 2036 and an 82% reduction by fiscal year ending March 2041 (both compared to fiscal year ending March 2021 levels). These figures were calculated based on the slope of a straight line connecting our previously announced fiscal year ending March 2031 and fiscal year ending March 2046 targets.

The previously established targets remain unchanged: a 47% reduction in Scope 1(*2) and Scope 2(*3) emissions by the fiscal year ending March 2031 (compared to fiscal year ending March 2021), a 100% renewable energy utilization rate by the fiscal year ending March 2036, and achieving carbon neutrality by the fiscal year ending March 2046.

To achieve our newly set targets, we will continue advancing energy savings and reducing emissions from fossil fuels at our manufacturing sites. We will also develop products that contribute to a carbon-neutral society and technologies such as CO₂ capture and processing. Furthermore, by utilizing available technologies and other measures, we aim to achieve carbon neutrality by the fiscal year ending March 2046, including reductions in GHG emissions from resource circulation initiatives.

(*1)

Minister of the environment website:
URL: https://www.env.go.jp/en/index.html

(*2)

GHG emissions excluding resource circulation initiatives

(*3)

Indirect emissions associated with supplied-energy usage

[Related Release]

July 31, 2024
Revision of Greenhouse Gas Emission Reduction Target
- Set GHG emissions reduction targets in consideration of resource recycling efforts -
URL: https://www.mmc.co.jp/corporate/en/news/2024/news20240731b.html