June 10, 2022ManagementEnvironment & CSR
AGC Sets Reduction Target for Scope 3 GHG Emissions
– Aiming for a 30% reduction in 2030 compared to 2019 –
AGC (AGC Inc.: Headquarters, Tokyo; President, Yoshinori Hirai), a world-leading manufacturer of glass, chemicals and high-tech materials, has set a new target for reducing Scope 3 greenhouse gas (GHG) emissions in its value chain. AGC aims to achieve a 30% reduction in Scope 3 GHG emissions*1 in 2030 (versus 2019). AGC has also applied for SBT certification by the international climate change initiative, Science Based Targets initiative (SBTi).
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The AGC Group has identified the promotion of sustainability management as one of its key strategies in its medium-term management plan AGC plus-2023, which was announced in February 2021. To achieve a sustainable global environment, AGC has set interim targets of a 30% reduction in GHG emissions and a 50% reduction in GHG emissions per unit of sales in Scope 1 and Scope 2 for 2030 as milestones toward its goal of achieving net zero carbon emissions in 2050.
In addition to these, a new Scope 3 emissions reduction target has now been set. Within Scope 3, it is becoming increasingly important to work on reducing GHG emissions at the use and end-of-life treatment stages of a company's products in the value chain. The AGC Group will focus on promoting the AMOLEATM series*2 of next-generation refrigerants and solvents with extremely low global warming potential. The Group will also work to achieve its Scope 3 targets by strengthening supplier engagement activities.
In addition to these, a new Scope 3 emissions reduction target has now been set. Within Scope 3, it is becoming increasingly important to work on reducing GHG emissions at the use and end-of-life treatment stages of a company's products in the value chain. The AGC Group will focus on promoting the AMOLEATM series*2 of next-generation refrigerants and solvents with extremely low global warming potential. The Group will also work to achieve its Scope 3 targets by strengthening supplier engagement activities.
The AGC Group will realize its Vision 2030 through portfolio transformation and the pursuit of sustainability management and contribute to the realization of a sustainable global environment through the creation of social and economic value.
*1 Reduction of 30% of the total of Category 1, 10, 11, and 12
*2 AMOLEATM series https://www.agc-chemicals.com/gb/en/company/chemical_chain/gassolvents/index.html
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