Panasonic GREEN IMPACT Panasonic GREEN IMPACT

Each action that Panasonic takes to fight global warming may be small. However, when all these actions are added together, the impact can be great.

Reducing CO2 emissions of our own value chain and society - we are calling such initiatives “Panasonic GREEN IMPACT” and we will work towards our own goal to realize a better life and a more sustainable global environment.

By 2050, Panasonic Group aims to create impact that reduces CO2 emissions by more than 300 million tons*1, or about 1% of the current total global emissions*2

*1 300 million tons calculated with 2020 emission factors
*2 33.6 billion tons of energy-related CO2 emissions in 2019 (Source: IEA),

The Panasonic Group will contribute to decarbonization of society by generating the following 4 impacts in its wide-ranging business fields. These impacts will help lower society's CO2 emission factor, which will also accelerate the reduction of emissions from our own value chain.

Panasonic CO2 emission 2020 Panasonic GREEN IMPACT 1 2 3 +INFLUENCE 2050 Panasonic CO2 emission 2020 Panasonic GREEN IMPACT 1 2 3 +INFLUENCE 2050

Types of IMPACT and Examples of Initiatives

IMPACT types

Panasonic Group Initiative Examples

❶ OWN IMPACT

Emission reduction in the Group's value chain
  • Initiatives to create zero-CO2 emissions factories
  • Energy saving in Panasonic offices
  • Energy-saving Panasonic consumer electronics used by customers

❷ CONTRIBUTION IMPACT

Avoided emissions by existing businesses
  • Pure hydrogen fuel cells
  • Air to water heat pumps (Aquarea)
  • Vacuum insulated glass (Glavenir)
  • Refrigerated showcases with automatic doors for convenience stores and supermarkets
  • Lithium-ion batteries for Evs

❸ FUTURE IMPACT

Avoided emissions through new technologies and businesses
  • Environmental technology currently under development (perovskite solar cells, etc.)

+ INFLUENCE

Ripple effect on energy transformation of society
  • Promoting renewable energy use through business activities (❶~❸) and communication activities

GREEN IMPACT PLAN 2024 (GIP2024) GREEN IMPACT PLAN 2024 (GIP2024)

Environmental action plan “GIP 2024” formulatedFeasibility of Panasonic GREEN IMPACT 2050 enhanced.

CO2/Energy OWN IMPACT CO2 reductions in our own VC*1 FY2025 targets 16.34Mt*2 Scopes 1&2*1 Zero-CO2 factoriesCO2reductions FY2021 results 7factories FY2025 targets 37factories 0.26Mt*2 Scope 3*1 CO2reductions in use of our products by customers FY2025 targets 16.08Mt*2 CONTRIBUTION IMPACT “Avoided Emissions” for society FY2021 results 23.47Mt FY2025 targets 38.3Mt Resources/CE*3 Recycling ratio of factory waste Use of recycled resin (3-year sum*4) CE-based business models/products FY2021 results 98.7% 43.3Kt 5businesses FY2025 targets 99% or more 90Kt 13businesses

*1 Classification made based on GHG (Green House Gas) Protocol, the international calculation standard
*2 Size of CO2 reduction targets shown above is difference from that in FY2021.
*3 CE: Circular Economy
*4“3-year sum”: FY2020-FY2022 cumulative results / FY2023-FY2025 cumulative targets

By presenting and achieving these concrete medium-term goals up to FY25, we aim to step-by-step get closer to the ideal state.

Toward 2030, create contributions that reduce emissionsby approx.100 Mt, in addition to net-zero in-house emissions.

Scopes 1&2 Scope 3 OWNIMPACT CONTRIBUTIONIMPACT FUTUREIMPACT Size of CO2emissions & reductions in our own VC(tons) Environmental action plan GIP2024 2021(FY) 110M Products/services 85.93M Procurement 16.56M Factories/offices 2.2M Other 2.82M 2025(FY) -16.34M Products/services 69.86M Factories/offices 1.94M 2031(FY) Reductions based on effect of decarbonization in society, and by accelerating development of highly energy-saving products in Lifestyle business area -31.45M Products/services 56.68M Factories/offices Zero 2051(FY) -110M Size of contribution to society in CO2reductions(tons) 2021(FY) 23.47M* 2025(FY) 38.3M* 2031(FY) Contribute to CO2reductions by improving competitiveness mainly in "Electrification," "Energy efficiency," & "Hydrogen" areas 93M 2051(FY) 100M+100M

* Includes contributions to society in CO2 reductions through replacement purchase of products, etc.(10.99 Mt in FY2021 & 6.3 Mt in FY2025)

In FY31, as we have already committed, we aim to achieve net zero in-house emissions. In addition, in scope 3, through rigorous pursuit of energy-saving in the lifestyle business, we aim to expand own impact to 31.45 million tons. In the area of contribution impact shown at the bottom, by enhancing the competitiveness of existing businesses centered on the fields of electrification, energy efficiency, and hydrogen, we project the amount of contribution to reduction to be 93 million tons in FY31.

Increase number of zero-CO2factories Group-wide by promoting energy saving and by introducing & purchasing renewable energies to a degree that surpasses the amount of increased emissions from business growth.

1 2 3 4 million tons 2021 22 23 2024 25 26 2027 28 29 2030 (CY) Net reductions in CO2emissions based on business growth 2024(CY) -24% 2027(CY) -57% 2030(CY) -100% BAU*1 Energy saving Energy saving(Japan) Energy saving(overseas) Size of reductions required by B2B customers*2 2022(CY) To be achieved at all PAS factories 2025(CY) To be achieved at all PID factories in Europe, U.S. & China 2028(CY) To be achieved at all PEC factories Increase number of zero-CO2factories and achieve targets at all operating companies in 2030 2021(CY) 9factories 2024(CY) 37factories 2027(CY) 86factories 2030(CY) All factories

*1 BAU:Business As Usual
*2 PAS: Panasonic Automotive Systems Co., Ltd./PID: Panasonic Industry Co., Ltd./PEC: Panasonic Energy Co., Ltd.

I hereby reconfirm our commitment to achieving targets group-wide in FY31
by selecting the most efficient introduction and procurement of renewables.

The Panasonic Group strives to achieve carbon neutrality together with society, by creating impacts from actions that reduce CO2 emissions of our own and of various fields of society.

At Panasonic Group, we believe our most important issues are to tackle global warming and reduce our own and society’s CO2 emissions. 

Achieve net-zero CO2 emissions of all operating companies by 2030.