DIC Group to be Endorsed by SBTi to Achieve GHG Reduction Targets

TAGS:  Sustainability / Natural Coatings    

DIC Corporation announces that the DIC Group’s greenhouse gas emissions reduction targets have been officially endorsed by the Science Based Targets initiative (SBTi) as being consistent with levels that climate science says are necessary to limit average global warming to well below 2°C above pre-industrial levels.

Aiming to Achieve Carbon Neutrality

DIC Group’s Greenhouse Gas Emissions reduction targets with base year, (fiscal year) 2019 are:

• Scope 1 and 2: Reduce CO₂ emissions by 27.5% by fiscal year 2030
• Scope 3: Categories 2, 3, 4, 5 and 12: Reduce greenhouse gas emissions by 13.5% by fiscal year 2030
  Category 1: Achieve engagement with suppliers accounting for 80% of procurement spending by fiscal year 2027

Recognizing climate change as a critical social imperative, the DIC Group, including Sun Chemical Corporation, is working to lower emissions of CO₂ from its sites with the aim of achieving carbon neutrality.

In fiscal year 2021, DIC established the Climate Change Subcommittee, which is responsible for discussing and debating responses to climate change related issues, and which considers a variety of themes, including climate change targets and initiatives.

DIC and DIC Group companies in Japan have established an Energy-Saving Promotion Committee at each site, which verifies the progress of initiatives, engages in discussions and conducts energy-saving patrols, while Group companies overseas carry out a wide range of independent measures that align with Group policies, creating a framework for implementing the Group CO₂ emissions reduction efforts outlined below.

Principal Efforts for CO₂ Emissions Reduction

• Undertake energy-saving initiatives Groupwide
• Promote digital transformation (DX) to optimize energy management for production and utility equipment
• Actively establish energy-efficient facilities, including cogeneration systems and net zero-energy buildings (ZEBs)
• Employ energy from renewable sources — e.g., biomass boilers, wind power and solar power at suitable sites
• Conduct energy-saving analyses and deploy energy-saving initiatives at DIC Group companies, including those overseas
• When installing or expanding facilities, purposefully select energy-efficient options and formulate related rules, including for investment in environmental value and the introduction of internal carbon pricing

Source: DIC Corporation