News | January 16, 2020

Mitsubishi Electric Sets Ambitious Greenhouse Gas Reduction Targets

TOKYO--(BUSINESS WIRE)--

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has set ambitious greenhouse gas reduction targets for 2030 and that these have been approved by the Science-Based Targets initiative1 (SBTi) as measures that will contribute towards "Maintaining global warming below 2°C relative to pre-industrial temperatures", a key aim of the "Paris Agreement." Mitsubishi Electric Group will continue its work of many years, contributing to the realization of a sustainable future by greenhouse gas reduction throughout its wide-range of business areas.

1 International initiatives and collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature; one of the We Mean Business Coalition commitments. Promotes the establishment of emission reduction targets consistent with the findings of climate science, with the aim of containing global average temperature increases due to climate change to within 2°C compared with pre-industrial levels.

Mitsubishi Electric Group Emission Reduction Targets

Scope 1 & 2

Mitsubishi Electric commits to reduce total scope 1 and 2 GHG emissions by 18% by 2030, compared to the base year of 2016.

Scope 3

Mitsubishi Electric commits to reduce total scope 3 GHG emissions by 15% by 2030, compared to the base year of 2018.

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