Toshiba Group has set long-term greenhouse gas emissions reduction targets and is working to achieve them in line with our Environmental Future Vision 2050. To achieve our goals, we are working at our business and production sites in Japan and abroad to improve energy consumption efficiency by replacing inefficient equipment with energy-saving equipment and promoting energy-saving measures. We are also promoting the use of renewable energy, including on-site and off-site PPAs, as an alternative to fossil-fuel-derived energy.
Breakdown of total GHG emissions (FY2023)
Due to the nature of the business, Electronic Devices & Storage Solutions has a high level of greenhouse gas emissions. Thus, we are working to reduce greenhouse gas emissions through measures such as improving productivity, promoting energy-saving measures, and introducing renewable energy. In addition, we are actively installing systems to capture and/or remove PFCs (perfluorocarbons) used in semiconductor manufacturing, and we are reducing emissions of PFCs, which have a high global warming potential.
Introduction of the Internal Carbon Pricing
In December 2022, Toshiba Group introduced the Internal Carbon Pricing (ICP) system to reduce GHG emissions (Scope 1 and 2) from our business activities. We convert the impact of the investments aiming at reducing GHG emissions on future business into economic value, then by using this information in investment decision making, we will foster internal awareness and promote behavioral change toward carbon neutrality. The ICP will be established on a country-by-country basis based on the future outlook for greenhouse gas emission costs published annually by the International Energy Agency (IEA), and will be reviewed periodically to enhance its operation.
- Carbon price within Toshiba Group（ICP） : <Japan> 13,827 yen/t-CO2（FY2023） *ICP is country-specific
- Scope : The investment aiming at reducing GHG emissions
- Application method : The amount of GHG emission reductions added as a "deemed benefit" by applying the ICP to the subject capital investment is used as the basis for investment decisions.
Expanding the introduction of renewable energy
Renewable energy accounts for 58% of the total electricity consumption of the Toshiba Group. Based on Toshiba Group’s long-term GHG emissions reduction targets, we will promote measures such as expanding the introduction of renewable energy at our sites worldwide to significantly reduce emissions and contribute to the realization of a decarbonized society.
In FY2023, 100% of consumed electricity was from renewable sources at three sites, and we will continue to actively utilize renewable energy.
