As a policy representing the E (Environment) in this ESG management, we announced the NGK Group Environmental Vision, which established targets such as net-zero volume of carbon dioxide (CO2) emissions by 2050.
About the environmental action plan, which is formulated every five years, the NGK Group formulated the Fifth Five-Year Environmental Action Plan, which continues the development of previous action plans. It established concrete goals as an initiative for an initial five-year period (FY2021-FY2025) to achieve the NGK Group Environmental Vision.
NGK Group Environmental Vision
The NGK Group will contribute to the realization of society’s direction toward “carbon neutrality,” “a recycling-oriented society,” and “harmony with nature” through its business activities.
Toward carbon neutrality
We will develop and provide products and services that contribute to the realization of a carbon-neutral society and apply them to our own business activities to achieve our goal of net-zero CO2 emissions by 2050.
Toward a recycling-oriented society
We will contribute to the realization of a recycling-oriented society by reducing our natural resource consumption and developing and providing resource-efficient products.
Toward harmony with nature
We will minimize our environmental impact on ecosystems and raise stakeholder awareness through educational activities to achieve harmony with nature.
Regarding carbon neutrality, we have formulated the Carbon Neutrality Strategic Roadmap to achieve our goals. We have set a milestone (mid-term goal) of reducing CO2 emissions by 50% from FY2013 to FY2030. To achieve our goals ahead of schedule, we will promote hydrogen and CCU/CCS (Carbon dioxide Capture and Utilization / Carbon dioxide Capture and Storage).
<Carbon Neutrality Strategic Roadmap>
Outline of the Fifth Five-Year Environmental Action Plan
The NGK Group establishes initiatives toward carbon neutrality, a recycling-oriented society, and harmony with nature, which are themes related to the NGK Group Environmental Vision as priority items. For initiatives toward carbon neutrality, which is a particularly urgent issue, we have established the following goals for FY2025, the plan’s final year.
CO2 emissions: 550,000 metric tons (Reduce by 25% from FY2013)
Although we previously used basic unit per net sales as a management index for CO2, we have established net zero CO2 emissions by 2050, which is a goal of the NGK Group Environmental Vision, as a backcasting goal.
Renewable energy use rate: 50%
We have established a new target for the Renewable energy use rate concerning electricity consumption by the NGK Group. Achieving this target will bring the NGK Group closer to achieving net-zero carbon emissions but also help promote more widespread adoption of renewable energy in society.
*Reduction rate against BAU (business as usual) indicates the percentage rate of reductions compared to a case in which emissions are not reduced.
*Post-2020 Global Biodiversity Framework targets: 20 individual targets due to be adopted at the 15th Convention on Biological Diversity (COP15) held in China in October 2021.