NEC upgrades its greenhouse gas reduction target to SBT1.5℃ and joins RE100, a global renewable electricity initiative

In 2017, NEC Corporation (NEC; 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 1.5℃. The target is one of the "materialities," priority management themes from an ESG perspective, outlined in NEC's Mid-term Management Plan 2025.

In line with this enhanced target, NEC joined RE100 (*3), which strives to significantly expand the adoption of renewable electricity, and Japan Climate Leaders' Partnership (JCLP), a coalition of businesses seeking to advance the goals of decarbonisation and sustainable business. NEC is now dedicated to procuring 100% of annual electricity from renewable sources by 2050.

NEC envisions its future as "Living harmoniously with the earth to secure the future" in the "NEC 2030VISION." As part of this, NEC will work with a wide range of stakeholders to realize a decarbonized society.

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