Author: maziedawe8626
Japan – NEC upgrades its greenhouse gas reduction target to SBT1.5degC and joins RE100, a global renewable electricity initiative
In 2017, NEC Corporation (TSE: 6701) announced its climate change policy guidelines for 2050(1), aiming to reduce CO2 emissions from its direct business operations to become carbon neutral by 2050. In order to accelerate climate change measures, NEC upgraded its greenhouse gas reduction target from the previous 33% reduction from the baseline emission in FY2017 to a 55% reduction by FY2030. This revised target was validated by the Science Based Targets initiative (SBTi)(2) as being consistent with reductions required to keep global warming to 1.5degC. The target is one of the “materialities,” priority management themes from an ESG perspective, outlined ... Read more