Medium- to Long-term Vision


  • As a response to climate change:
    We will achieve carbon neutrality throughout the entire value chain by FY2050.
  • 70% reduction of emissions generated from Toshiba Group business activities by FY2030:
     (from the FY2019 level)
    -100% reduction*1 of emissions generated from Toshiba Group business activities by FY2030:
    (from the FY2019 level)
    -70% reduction*2 of emissions generated from Toshiba Group’s entire value chain such as raw material procurement, distribution, sales, disposal, etc. by FY2030:
    (from the FY2019 level)
  • Promote business that related to climate change adaptation measures.
  • Purchasing of carbon credits to offset GHG emissions of process gases etc., which are difficult to reduce GHG emissions, are incorporated into the carbon neutrality process.
    The target is set by 70% reduction if purchasing of carbon credits are excluded.
  • Reduce GHG emissions, especially in Category 11 (Use of sold products) and Category1 (Purchased goods and services), where emissions are particularly high.

FY2022 Achievements


  • Total GHG generated from business activities:
    0.77million t-CO2
  • Energy-derived CO2 emissions per unit compared to FY2021:
    87%
  • Reduction of GHG emissions in products and services associated with power supply (compared to FY2019):
    70.4%
  • Reduction of GHG emissions through introduction of renewable energyby:
    50.33million t-CO2*
  • Products and services associated with power consumption:
    37.79million t-CO2*

*Cumulative total from FY2021.

Approach to Key Risks and Opportunities


Under Environmental Future Vision 2050 and the Seventh Environmental Action Plan, Toshiba Group will promote the reduction of GHG emissions in product manufacturing and in the use of products and services; and the reduction of GHG emissions derived from products and services purchased in cooperation with suppliers, to respond to climate change throughout its entire value chain. Toshiba Group also aims to contribute to the realization of a sustainable society by promoting businesses related to climate change adaptation measures.

Risks Opportunities Toshiba Group’s Initiatives

[Transition Risks]

  • Increase in response costs due to the wider introduction of carbon taxes and the emissions trading systems and to the rise in the certificate price, price passed through to raw materials
  • Increase in requests for renewable energy introduction, resulting in missing out on sales opportunities due to delays in responding to such requests

[Contribution to Transition Risk Measures (Mitigation)] 

  • Increase in demand for technologies, products, and services that contribute to carbon neutrality

[Physical Risks]

  • Suspended operations and increased response costs due to the impacts of natural disasters such as typhoons and floods

 [Contribution to Physical Risk Measures (Adaptation)]

  • Increase in demand for adaptation measures to prepare for the impacts of climate change
Risks Opportunities Toshiba Group’s Initiatives

[Transition Risks]

  • Increase in response costs due to the wider introduction of carbon taxes and the emissions trading systems and to the rise in the certificate price, price passed through to raw materials
  • Increase in requests for renewable energy introduction, resulting in missing out on sales opportunities due to delays in responding to such requests

[Contribution to Transition Risk Measures (Mitigation)] 

  • Increase in demand for technologies, products, and services that contribute to carbon neutrality

[Physical Risks]

  • Suspended operations and increased response costs due to the impacts of natural disasters such as typhoons and floods

 [Contribution to Physical Risk Measures (Adaptation)]

  • Increase in demand for adaptation measures to prepare for the impacts of climate change

As global warming continues and temperatures rise, we are likely to experience more natural disasters including typhoons, floods, and tornadoes, which seriously affect people's daily lives and society. Other concerns include droughts due to low precipitation and sea level rise due to melting glaciers on land. To respond to these impacts of global warming, the world is accelerating the movement toward achieving carbon neutrality by lowering GHG emissions to net zero by 2050. We are required to respond to climate change caused by global warming by striving to reduce GHG emissions in both business activities and products and services, thereby to help achieve carbon neutrality.

With the aim of achieving carbon neutrality throughout its entire value chain by FY2050, Toshiba Group has been driving responses to climate change through various measures. They include reducing energy consumption and the volume of GHG used in production processes in Japan and abroad, promoting the introduction of energy-saving processes and equipment and renewable energy by applying the Internal Carbon Pricing*1, providing carbon-neutrality-related technologies to realize decarbonization, and reducing electricity consumption in the use of products and services we develop. We will also focus on the reduction of GHG emissions from products and services purchased in cooperation with suppliers and climate change adaptation solutions. As a new initiative under the Seventh Environmental Action Plan, Toshiba Group will also focus on the reduction of GHG emissions through the use of our digital technologies that enable remote operation, automation, and intelligence.

For our climate change information disclosure, we have also endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*2 and will continue to focus our efforts on information disclosure regarding the risks and opportunities related to climate change in our Group's businesses.

  • A monetary value for carbon that is estimated internally by the company and is a mechanism to promote corporate decarbonization investments. For details, please see 
    https://www.global.toshiba/ww/environment/corporate/climate/dealing.html
  • The TCFD is an organization established by the Financial Stability Board (FSB) in 2015 for financial institutions and companies to discuss the climate change issue from the perspective of financial stability.

As climate change becomes an increasingly serious issue, companies must monitor and manage not only their own GHG emissions but also emissions generated across their entire value chain. Based on the GHG Protocol*, which provides international standards for calculating GHG emissions, and the Ministry of the Environment's Basic Guidelines for Calculating GHG Emissions throughout the Supply Chain, Toshiba Group monitors and calculates indirect GHG emissions generated outside the scope of its own business activities (Scope 3) in addition to its own emissions (Scope 1 and 2). Toshiba Group will continue working effectively throughout product lifecycles by quantitatively analyzing emissions accordingly.
Category 11 (GHG emissions through the use of sold products) accounts for a high percentage of emissions across the value chain. We will therefore continue to promote the development of energy technologies to realize decarbonization and to improve the energy efficiency of products. We are also cooperating with suppliers to reduce Category 1 (GHG emissions through the use of purchased products and services). Going forward, we will consider calculating GHG emissions using data obtained from our main suppliers.
GHG emissions through the use of sold products account for a high percentage of emissions across the value chain. We will therefore continue to promote the development of energy technologies to realize decarbonization and to improve the energy efficiency of products.

  • The Greenhouse Gas Protocol (GHG Protocol): Guidelines for calculating and reporting GHG emissions formulated by companies, NGOs, and government organizations under the leadership of the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD)
(FY2022)
Category   Categories covered by calculations FY2019
calculation results
(10,000 t-CO2)
FY2022
calculation results
(10,000 t-CO2)
Upstream
emissions
1 Purchased goods and services 1,500 1,269
2 Capital goods 31 53
3 Fuel- and energy-related activities not included in Scope 1 or 2 13 13
4 Transportation and distribution (upstream) 5 3
5 Waste generated in operations 1 1
6 Business travel 2 1
7 Employee commuting 4 4
8 Leased assets (upstream)
Toshiba Group Direct emissions (Scope 1) 32 27
Indirect emissions associated with energy use (Scope 2) 77 50
Downstream
emissions
9 Transportation and distribution (downstream) 25 23
10 Processing of sold products
11 Use of sold products Products and services associated with power supply*1 53,763 9,644
Products and services associated with power consumption*2 4,793 3,379
12 End-of-life treatment of sold products 1 1
13 Leased assets (downstream)
14 Franchises
15 Investments
Total 60,247 14,468
Category   Categories covered by calculations FY2019
calculation results
(10,000 t-CO2)
FY2022
calculation results
(10,000 t-CO2)
Upstream
emissions
1 Purchased goods and services 1,500 1,269
2 Capital goods 31 53
3 Fuel- and energy-related activities not included in Scope 1 or 2 13 13
4 Transportation and distribution (upstream) 5 3
5 Waste generated in operations 1 1
6 Business travel 2 1
7 Employee commuting 4 4
8 Leased assets (upstream)
Toshiba Group Direct emissions (Scope 1) 32 27
Indirect emissions associated with energy use (Scope 2) 77 50
Downstream
emissions
9 Transportation and distribution (downstream) 25 23
10 Processing of sold products
11 Use of sold products Products and services associated with power supply*1 53,763 9,644
Products and services associated with power consumption*2 4,793 3,379
12 End-of-life treatment of sold products 1 1
13 Leased assets (downstream)
14 Franchises
15 Investments
Total 60,247 14,468
  1. For example, power plants
  2. Social infrastructure products, building-related products (lighting equipment, elevators and escalators), retail and printing equipment, power devices, etc.

Following our FY2030 target*1 was approved by the Science Based Targets (SBT)*2 initiative. In addition, we submitted our new reduction targets to the SBT Initiative to satisfy the SBT Initiative's updated standard.


(For all items below, the base year is FY2019.)

  • Reduce the total of Scope 1*3 and Scope 2*4 (GHG emissions generated from Toshiba Group's own business activities) by 28% by FY2030.
  • Reduce use-phase GHG emissions of “products and services associated with power supply”*5 sold in Scope 3*6 by 50% by FY2030.
  • Reduce use-phase GHG emissions of “products and services associated with power consumption”*7 sold in Scope 3 by 14% by FY2030.
  • Our FY2030 target set before the revision of the Environmental Future Vision 2050 (before November 2021)
  • Science Based Targets are scientifically grounded GHG reduction targets set by companies on a medium- to long-term basis in order to restrain the global average temperature increase this century well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5°C. Science-based targets are validated by the SBT initiative. Toshiba Group's target approved is our FY2030 target set before the revision of the Environmental Future Vision 2050 (before November 2021).
  • Volume of direct emissions through fuel use at Toshiba Group
  • Volume of indirect emissions through use of electricity and heat purchased by Toshiba Group
  • Power generation plants, etc.
  • Volume of indirect emissions generated by Toshiba's value chain (raw materials procurement, distribution, sales, disposal, etc.) outside Scope 1 and 2
  • Social infrastructure products, building-related products (lighting equipment, elevators and escalators), retail and printing equipment, power devices, etc.