Environmental Communication

Panasonic Group has joined the "Race To Zero"^*1, which is committed to achieving net zero carbon emissions by 2050 at the latest, and signed the "Business Ambition for 1.5°C." We are accelerating our efforts to achieve the goal of 1.5°C, which was globally declared at COP26. In addition, we have so far joined the IEC (International Electrotechnical Commission)^*2, the GX League (an initiative of the Ministry of Economy, Trade and Industry to promote the transition to renewable and clean energy to realize carbon neutrality)^*3, and the WBCSD (World Business Council for Sustainable Development)^*4, to participate in efforts such as the formation of international rules so that company products and services are properly evaluated for their contribution to society. As a result of us continuing to address various international events through these and other activities, the G7 Ministers' Meeting on Climate, Energy and Environment in Sapporo in April 2023 and the G7 Hiroshima Summit in May 2023 had clear statements in their respective outcome documents that there is value in acknowledging "avoided emissions" and to "encourage and promote private entities' work to foster innovation contributing to the emission reduction of other entities through decarbonization solutions." In addition, we are participating in the Japan Climate Initiative (JCI)^*5 to strengthen efforts to promote measures to combat climate change in Japan. In July 2024, JCI released a message calling on the Government of Japan to set ambitious 2035 targets consistent with the 1.5°C target.^*6 This message was supported by 216 organizations, including our company. The message promises that "JCI will deepen its collaboration with non-governmental actors and governments both in Japan and overseas and contribute to the achievement of the 1.5°C target."

We will continue to strengthen these activities as part of our efforts to realize a sustainable society.

*1 https://climatechampions.unfccc.int/
*2 https://www.iec.ch/homepage
*3 https://gx-league.go.jp/
*4 https://www.wbcsd.org/
*5 https://japanclimate.org/
*6 https://japanclimate.org/news-topics/jci-message-2035ndc-release/

In addition to publicity through Keidanren (Japanese Business Federation) and other industrial organizations, we submit environmental policy proposals not only to the Japanese government but also to governments of other countries through a wide range of opportunities. We joined in policy deliberations on environmental issues that the society is facing today: a future vision for national governments, industry, and people's lives aimed at the creation of a sustainable society, and information sharing and exchange related to international activities. Through this approach we established a deeper understanding of government policy. Based on this, we are engaging in a drive to promote environmental management with an awareness of preventing business risks as well as creating opportunities, through actively presenting proposals from the standpoint of manufacturing, marketing, and technology development.

Panasonic Group has been publishing its environmental reports since 1997. In fiscal 2014, we integrated the webpage for our environmental activities with that of for our CSR activities in order to publish comprehensive information in relation to sustainability. From fiscal 2016, among information published on our website, topics of great interest to our stakeholders, such as our environmental policy, approach, and performance data, are also provided in a Sustainability Data Book.