Panasonic Reveals Environmental Goals

Panasonic has announced its commitment to create impact that reduces CO2 emissions by more than 300 million tons, or about 1% of the current total global emissions of 33 billion tons by 2050. Established in 2017, the Panasonic Environmental Vision 2050 aimed to reduce energy consumption and generate a surplus of clean energy. The company reports that it has decided to replace its energy-focussed targets with CO2 reduction goals in order to tackle global environmental issues.

The four goals of Panasonic Green Impact of the new long-term environmental vision have been set by reviewing impacts in four categories based on the scope, method and time frame of CO2 reduction. The first impact includes emissions reduction in the value chain by focussing on areas including lighting, air conditioning and ventilation. The second impact includes avoiding emissions by existing businesses such as automotive batteries, supply chain software, air quality and air conditioning. The third impact involves avoiding emissions through new technologies and businesses by transitioning into renewable energy consumption by society and the innovation of new technologies and solutions such as hydrogen energy devices, etc. The fourth impact includes promotion of renewable energy in society through business activities and communication activities within Impact 1-3.