Panasonic Holdings Corporation

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.

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.

With OWN IMPACT, we will work on achieving net-zero 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 net zero factories3, and developing energy-saving home appliances. Through these actions and in conjunction with the decarbonization of society4, we aim to reduce CO2 emissions by approximately 110 million tons by 2050.

2 CO2 emissions based on FY2021 results.
3 Factories that achieved net zero CO2 emissions through the combined promotion of energy saving activities, the introduction of renewable energy, and the utilization of energy certificates and carbon credits.
4 Improvement in the CO2 emission coefficient of electricity due to the progress of decarbonization efforts by individual power suppliers

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Increasing the number of net zero factories3​

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Energy-saving home appliances​

Graph depicting the reduction of CO2 emissions to net zero and the expanding number of net zero factories as a result of the initiative to aim for net zero CO2 emissions at all factories by 2030. CO2 emissions decrease steadily from 2020 to reach zero by 2030. In contrast, the number of net zero factories, which was zero in 2020, increases steadily. By 2025, it exceeds 50, and by 2030, more than 100 factories, making all factories net zero factories.

Aiming for net zero CO2 emissions at all factories by 2030​

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.

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.

Line graph illustrating the contribution to CO2 emissions reduction through electrification, with the product lifespan of environmentally responsible electric vehicles batteries with the transition from gasoline cars to electric vehicles.

Contributing to the reduction of society's CO2 emissions through electrification​

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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.

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.

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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.

＋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.

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, we aim to expand our positive impacts on society.

Illustration depicting the expansion of initiatives such as the Panasonic ECO RERLAY worldwide and resulting contribution to heightened awareness of environmental issues.

Contribution to heightened awareness of environmental issues through initiatives like the Panasonic ECO RELAY​

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.​

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. In fiscal 2023. we also formulated our GREEN IMPACT PLAN 2024 (GIP2024), an action plan to be implemented by fiscal 2025.

Under OWN IMPACT, we aim reduce CO2 emissions from our own factories and offices, and through initiatives such as improving the energy efficiency of our products in use, we are working toward achieving net zero CO2 emissions across our entire value chain by 2050. As a milestone toward this goal, we aim to realize net zero CO2 emissions at our own factories and offices by FY2031.

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 93 million tons of avoided emissions 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.

The Panasonic Group has been reforming our methods of group management to ensure sustainable growth. We plan to start a new mid-term strategy under the new structure from fiscal 2027 (announced in February 2025).

As PGI is linked to business growth, we continue our environmental initiatives by setting single year targets(GIP2024+1) as an extension of the current GIP2024 for fiscal 2026.

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.

The factory waste recycling rate has consistently remained around 99%, with FY2025 results at 99.2%, thereby achieving our target. On the other hand, in terms of recycled resin usage, while we aimed to double the FY2020–FY2022 results and reach 90,000 tons over the three years from FY2023 to FY2025, the total remained at 45,000 tons, falling short of the plan. Going forward, we will steadily promote the use of recycled resins, including the development of materials such as plant-derived resins with lower environmental impact and their application in products.

In addition, in our circular economy businesses, we had established 15 businesses as of FY2025, achieving our target.

Line graph showing a recycling rate of about 99% of factory waste as impacted by the implementation of recycling-oriented manufacturing. The recycling rates for 2017, 2018 and 2022 were 99.1%. In 2023, it was 99.3%. In 2024, it was 99.2%. Over the past seven years, the recycling rate has been steady at about 99%.

Maintaining a recycling rate of about 99% for factory waste through the implementation of recycling-oriented manufacturing​

Bar graph showing the usage of recycled resin. The cumulative trend of recycled resin usage is as follows: 16 kilotons in 2015, 34.7 kilotons in 2016, 122.7 kilotons in 2021, 135.1 kilotons in 2022, 152.3 kilotons in 2023, and 167.6 kilotons in 2024 showing a steady increase over time. Recycled resin is used in cover ducts for refrigerators and air conditioner filter frames. Also, some washing machines are made of approximately 40% recycled resin.

Cumulative volume of recycled resin used​

Bar graph illustrating the total number of circular economy businesses. The cumulative count of circular economy businesses reached 6 in FY2022, expanded to 10 in FY2023, had grown to 15 by FY2025.

Cumulative total of circular economy business initiatives​

Scene of work at Panasonic Eco Technology Center.

Panasonic Eco Technology Center (PETEC), our home appliance recycling facility

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"noiful", our subscription service covering home appliances in rental properties