Panasonic GREEN IMPACT

Our Goals Our Goals

The Panasonic Group Aims to Create Impact1 that Reduces CO2 Emissions by at Least 300 Million Tons by 2050.

Conceptual diagram illustrating the expansion towards carbon neutrality from fiscal year 2021 to 2051. There is a small circle on the left and a large concentric circle with three layers on the right. The circle on the left represents the CO2 emissions of 110 million tons within our own value chain in fiscal year 2021, while the concentric circle on the right represents the impact of over 300 million tons of CO2 reduction by Panasonic GREEN IMPACT in fiscal year 2051. The concentric circle on the right is divided into OWN IMPACT, with the central circle representing it, CONTRIBUTION IMPACT with two layers, and FUTURE IMPACT with three layers. Additionally, there is a +INFLUENCE spreading outside the three concentric circles. OWN IMPACT aims for a reduction of 110 million tons of emissions, while CONTRIBUTION IMPACT and FUTURE IMPACT each aim for avoided emissions of 100 million tons. Conceptual diagram illustrating the expansion towards carbon neutrality from fiscal year 2021 to 2051. There is a small circle on the left and a large concentric circle with three layers on the right. The circle on the left represents the CO2 emissions of 110 million tons within our own value chain in fiscal year 2021, while the concentric circle on the right represents the impact of over 300 million tons of CO2 reduction by Panasonic GREEN IMPACT in fiscal year 2051. The concentric circle on the right is divided into OWN IMPACT, with the central circle representing it, CONTRIBUTION IMPACT with two layers, and FUTURE IMPACT with three layers. Additionally, there is a +INFLUENCE spreading outside the three concentric circles. OWN IMPACT aims for a reduction of 110 million tons of emissions, while CONTRIBUTION IMPACT and FUTURE IMPACT each aim for avoided emissions of 100 million tons.

In January 2022, we launched our Mid- to -long-term Environmental Vision, Panasonic GREEN IMPACT (PGI), based on our belief that global environmental challenges, including climate change, are the most pressing global issues to prioritize across all our group businesses. PGI was formulated with the intention of accumulating efforts (Act) aimed at reducing CO2 emissions within our Group and in society, as we work in concert with society to achieve carbon neutrality.

PGI is classified into OWN IMPACT, signifying the fulfilment of our responsibility to reduce CO2 emissions in our own business activities, along with CONTRIBUTION IMPACT and FUTURE IMPACT, signifying our contribution to reducing society’s CO2 emissions, and +INFLUENCE, signifying positive ripple effects that may lead to energy transformation and decarbonization of society as a whole, through changes in the behavior of our customers and society as a whole due to the initiatives described above and related communications. Through a combination of all the above, we aim to create impact that reduces CO2 emissions by at least 300 million tons1, equivalent to approximately 1% of current global CO2 emissions, by 2050.

1In 2020, energy-related CO2 emissions totaled 31.7 billion tons (source: IEA)
2Based on CO2 emissions data for the year 2020—indicates realization of net zero CO2 emissions from factory production around the world.

OWN IMPACT

We Aim to Achieve a Reduction of Approximately 110 million tons2 in CO2 Emissions Within Our Own Value Chain.

Conceptual diagram showing the area of our own value chain in carbon neutrality affected by Panasonic GREEN IMPACT. Among the three concentric circles, the central circle is filled with color. With OWN IMPACT, we are striving to reduce CO2 emissions by 110 million tons within our own value chain. Conceptual diagram showing the area of our own value chain in carbon neutrality affected by Panasonic GREEN IMPACT. Among the three concentric circles, the central circle is filled with color. With OWN IMPACT, we are striving to reduce CO2 emissions by 110 million tons within our own value chain.

With OWN IMPACT, we will work on achieving zero CO2 emissions within our own value chain, in our business activities, throughout the process from the procurement of raw materials and manufacturing to product distribution, usage, and disposal.

Our actions will include increasing the number of our zero-CO2 factories2, and developing energy-saving home appliances. Through these actions and in conjunction with the decarbonization of society3, we aim to reduce CO2 emissions by approximately 110 million tons by 2050.

2Based on CO2 emissions data for the year 2020—indicates realization of net zero CO2 emissions from factory production around the world
3Improvement in the CO2 emission coefficient of electricity due to the progress of decarbonization efforts by individual power suppliers

Image illustration
More net zero CO2 factories
Image illustration
Energy-saving home appliances

Environment: Reducing CO2 Emissions in Factories

CONTRIBUTION IMPACT

Contributing to at least 100 Million Tons or More in Avoided Emissions of CO2 in Our Present Business Fields

Conceptual diagram illustrating the area of Panasonic's own value chain in carbon neutrality affected by Panasonic GREEN IMPACT. Among the three concentric circles, the second circle from the center is filled with color. In CONTRIBUTION IMPACT, we contribute to reducing CO2 emissions by over 100 million tons in existing businesses. Conceptual diagram illustrating the area of Panasonic's own value chain in carbon neutrality affected by Panasonic GREEN IMPACT. Among the three concentric circles, the second circle from the center is filled with color. In CONTRIBUTION IMPACT, we contribute to reducing CO2 emissions by over 100 million tons in existing businesses.

With CONTRIBUTION IMPACT, we will work within our present business fields to promote the wider use of environmentally responsible vehicles through improvements in the performance and cost-effectiveness of our automotive batteries, and to replace fossil fuel-based heating systems in homes and communities with heat-pump water heaters that use electricity. By having customers adopt our products and services, we aim to reduce their energy consumption and thus contribute to reducing CO2 emissions.

In areas such as lifestyles, infrastructure, and mobility, we aim, by 2050, to contribute to a reduction of at least 100 million tons of CO2 emissions generated by our customers and society in general. In the field of mobility, the transition to more efficient electric vehicles is an essential initiative. Through the widespread adoption of automotive batteries and chargers for environmentally responsible vehicles, we will contribute to the reduction of our customers’ CO2 emissions.

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Cylindrical lithium-ion automotive batteries are contributing to the electrification of mobility.

FUTURE IMPACT

We Plan to Contribute to a CO2 Emissions Reduction of at least 100 Million Tons by Creating New Technologies or Businesses.

Conceptual diagram representing the area of our own value chain in carbon neutrality affected by Panasonic GREEN IMPACT. Among the three concentric circles, the third circle from the center is filled with color. With FUTURE IMPACT, we aim to contribute to a CO2 emissions reduction of 100 million tons or more by creating new business fields and new technologies. Conceptual diagram representing the area of our own value chain in carbon neutrality affected by Panasonic GREEN IMPACT. Among the three concentric circles, the third circle from the center is filled with color. With FUTURE IMPACT, we aim to contribute to a CO2 emissions reduction of 100 million tons or more by creating new business fields and new technologies.

With FUTURE IMPACT, whereby we will contribute to society’s energy transformation by creating new technologies or businesses, we aim to achieve avoided CO2 emissions of at least 100 million tons by 2050. By enhancing and disseminating advanced environmental technologies currently under development, such as Perovskite solar cells, we will contribute to the realization of a carbon-neutral society.

Image illustration
Glass-integrated Perovskite solar cells
Photo of growth stimulant Novitek in a container
Bio-CO2 transformation using atmospheric CO2 to increase crop yields

Avoided Emissions Explained

In both our CONTRIBUTION IMPACT and our FUTURE IMPACT efforts contributing to the reduction in CO2 emissions by society as a whole, we use the metric known as “avoided emissions.” This metric quantifies the value for the reduction in CO2 emissions generated by our customers and society as a whole through the introduction of the Panasonic Group’s products or services, compared to a scenario in which they were not introduced. This allows us to assess the extent of the reduction in CO2 emissions attributable to the introduction of our products and services.

Through our electrified products and services, the Panasonic Group delivers higher energy efficiency than that obtained through products and services relying on fossil fuels, leading to a reduction in CO2 emissions. While the wider adoption of electrified products may increase overall electricity demand, we aim to continuously improve energy efficiency. Additionally, by suppressing and optimizing energy demand by means such as energy storage systems and energy management, and by promoting the use of renewable energy, we are helping to reduce the load on power systems in various regions.

As of August 2023, there is no internationally standardized specification for avoided emissions. Through co-creation efforts with government entities and businesses, Panasonic is working to facilitate a dialogue on the necessity of adopting avoided emissions as a metric.

Graph illustrating the mechanism of avoided emissions. The vertical axis represents CO2 emissions, while the horizontal axis represents time. The difference in CO2 emissions between scenarios with and without the introduction of products/services is considered the avoided emissions. Graph illustrating the mechanism of avoided emissions. The vertical axis represents CO2 emissions, while the horizontal axis represents time. The difference in CO2 emissions between scenarios with and without the introduction of products/services is considered the avoided emissions.

＋INFLUENCE

Through Our Three Impacts, Our Communication with Society and Our Corporate Citizenship Activities, Panasonic Will Engage with More People.

Conceptual diagram illustrating the area of Panasonic GREEN IMPACT's carbon neutrality within our own value chain. Plus sign (+) displayed outside the three concentric circles. The area outside the circles is filled with color. Through +INFLUENCE, we aim to engage more people through the activities of the three IMPACTs and through communication with society and CSR activities. Conceptual diagram illustrating the area of Panasonic GREEN IMPACT's carbon neutrality within our own value chain. Plus sign (+) displayed outside the three concentric circles. The area outside the circles is filled with color. Through +INFLUENCE, we aim to engage more people through the activities of the three IMPACTs and through communication with society and CSR activities.

Another essential requirement for realizing a carbon-neutral society is changing the behavior of individuals and raising their environmental awareness. Through our OWN IMPACT, CONTRIBUTION IMPACT, and FUTURE IMPACT initiatives, along with our social communication and corporate citizenship activities, such as Panasonic ECO RELAY for Sustainable Earth and Panasonic GREEN IMPACT PARK, we aim to expand our positive impacts on society.

Logo of Panasonic ECO RELAY for Sustainable Earth and activity image photograph.
In our ECO RELAY initiative, Panasonic employees and their families from around the world engage in environmental conservation activities rooted in their local communities.
Interior photo
At Panasonic GREEN IMPACT PARK, we help to create opportunities for children to learn about global environmental issues and take action.

Timeline of Panasonic's Three Impacts

Our Action Plan Towards 2050 to Achieve Carbon Neutrality

As a milestone towards achieving Panasonic GREEN IMPACT, we are aiming to attain net zero CO2 emissions at all our companies, and to create approximately 100 million tons of avoided emissions, by fiscal 2031. We have also formulated our GREEN IMPACT PLAN 2024, an action plan to be implemented by fiscal 2025.

Under OWN IMPACT, we aim to avoid 16.34 million tons of CO2 emissions in fiscal 2025 through measures such as reducing CO2 emissions from our own factories and offices and enhancing the energy-saving performance of Panasonic products used by our customers. Furthermore, by fiscal 2031, we aim to achieve net-zero CO2 emissions at our own factories and offices.

With CONTRIBUTION IMPACT, we will strive to enhance the competitiveness of our present business fields, helping our customers and society in general to avoid CO2 emissions. We aim to achieve 38.3 million tons of avoided emissions in fiscal 2025, and 93 million tons by fiscal 2031.

By 2050, we aim to achieve a total impact of over 300 million tons in avoided emissions.

Graph illustrating the process of reducing over 300 million tons of CO2 emissions by fiscal year 2051 through a combination of CO2 emission reductions and avoided emissions. In fiscal year 2021, there were reductions of 110 million tons and avoided emissions of 23.47 million tons. By fiscal year 2025, reductions of 16.34 million tons and avoided emissions of 38.3 million tons are targeted. By fiscal year 2031, reductions of 31.45 million tons and avoided emissions of 93 million tons are aimed for. Finally, by fiscal year 2051, reductions of 110 million tons and avoided emissions of 200 million tons are targeted. Graph illustrating the process of reducing over 300 million tons of CO2 emissions by fiscal year 2051 through a combination of CO2 emission reductions and avoided emissions. In fiscal year 2021, there were reductions of 110 million tons and avoided emissions of 23.47 million tons. By fiscal year 2025, reductions of 16.34 million tons and avoided emissions of 38.3 million tons are targeted. By fiscal year 2031, reductions of 31.45 million tons and avoided emissions of 93 million tons are aimed for. Finally, by fiscal year 2051, reductions of 110 million tons and avoided emissions of 200 million tons are targeted.

Circular Economy

Reinforcing Our Efforts Towards a Sustainable Society by Promoting Circular Economy Initiatives

With Panasonic GREEN IMPACT, we will contribute to the realization of a circular economy wherein resources are used as efficiently as possible throughout the product lifecycle in order to achieve a sustainable society.

Maintaining our recycling rate of factory waste at over 99% on an ongoing basis, we will increase our usage of recycled resin to 90,000 tons over the three years from fiscal 2023 to fiscal 2025, approximately doubling the figure for the period from fiscal 2020 to fiscal 2023. We will develop new circular economy-type businesses, bringing the cumulative total of such businesses to over 13 by fiscal 2025.

Photo: Scene of work at Panasonic Eco Technology Center.
Panasonic Eco Technology Center (PETEC), our home appliance recycling facility
Image photo
“noiful”, our subscription service covering home appliances in rental properties

Global Environmental Issues

Due to the increase in CO2, Earth is the hottest it has been in 1,400 years, and climate change is accelerating.

Panasonic’s Resolve

CEO Kusumi shares the Panasonic Group’s resolve regarding Panasonic GREEN IMPACT.

Our Goals

The Panasonic Group aims to create impact that reduces CO2 emissions by at least 300 million tons by 2050.

Our Initiatives

Our Initiatives

Carbon Neutrality

Circular Economy