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.

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.

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.

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.

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 create a total impact of more than 300 million tons by CO₂ emissions reduction and avoided emissions.

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.