We analyzed impacts on certain items of Panasonic Group Businesses that are likely to affect climate change, based on our assessment of the risks and opportunities in Panasonic Group business operations. The results were used to develop a social scenario for the year 2030, focusing on matters with the greatest impact. We then used the scenario as the basis for examining strategies, and verified the business resilience in our strategy.
Panasonic GREEN IMPACT (PGI) is our transition plan to low-carbon economy as a Panasonic group. To support this transition, we have set up short-term targets in our Green Impact Plan (GIP) 2024. We have also set out following medium-term targets.
- Make our total CO2 emissions (Scope 1 and Scope 2) net-zero by 2030.
- Reduce CO2 emissions from use of our products that Panasonic Group sold by 30% compared with the 2019 level by the year 2030.
We would like to introduce specific examples as our contribution to energy reduction and energy transformation in society.
The first is an example of our energy reduction activities for product use in Scope 3; that is, action on lighting equipment that emit large volumes of CO2. In addition to the conventional lighting that is designed to "light up a plane" such as a floor or desktop, by using an index for 'feeling of brightness in space' and knowhows of "optical control technology" and "spatial presentation with proper lighting at a right place" that are developed based on our accumulated research results on comfortability, we will achieve energy reductions of up to 30% without compromising comfort.
The next is an example of our contribution to energy transformation in society through electrification. To speed up energy transformation in society, the demand side must itself push for electrification by replacing fossil fuel-fired equipment with electric devices. For instance, the heat pump water heater is capable of warming up water by using a heat pump to collect heat from the air efficiently, minimizing the electric power consumption. The heat pump can
be used not only in new houses, but also in existing houses that use oil or gas-fired boilers without replacing the pipework. Electrification increases opportunities to make effective use of electric power derived from renewable energy sources. In addition to that frequency of utilizing opportunity to use energy derived from renewable energy sources increases thanks to the electrification, storing unstable supply of renewable energy as the warm water enables energy time shift and mitigates the load on the power grid, thus contributing to wider use of renewable energy resources.