Sony Becomes First Japanese Company to Make CDP’s Climate Change A-List for 5 Consecutive Years

• 5 years ago

Sony Becomes First Japanese Company*1 to Make CDP’s

Climate Change A-List for 5 Consecutive Years

Tokyo, Japan – Sony Corporation (Sony) has been included in the CDP’s A-List*2 for the 5th consecutive year, recognizing it as one of the highest performing companies in its efforts to reduce the energy consumption of its products, curb greenhouse gas emissions, and accelerate the use of renewable energy.

Recognizing that Sony’s existence depends on a healthy environment and society, Sony continues to promote environmental initiatives from a long-term perspective. Sony Group has adopted a “Road to Zero” long-term environmental plan that plots a course to a zero environmental footprint for the company’s operations and across the lifecycle of its products, by 2050. Moving toward this vision for the future, Sony set about pursuing its “Green Management 2020” environmental mid-term targets from fiscal 2016, which it aims to achieve by the end of fiscal 2020. Its results in combating climate change as of fiscal 2018 are as follows:

• Approx. 51% reduction of annual energy consumption per product (target: average reduction of 30% compared to FY2013).
• Use of renewable energy equivalent to approx. 238,000 tons of CO₂
  
  (aggregate total for FY2016-2018; target: Use of renewable energy equivalent to 300,000 tons of CO₂ by FY2020)
• Approx. 14% reduction of absolute greenhouse gas emissions at all Sony sites (target: 5% reduction compared to FY2015).

Additionally, in its pursuit of a zero environmental footprint, Sony joined RE100*3 in September 2018, and will aim to use 100% renewable electricity for all of its business sites by 2040. Furthermore, Sony has continued to enhance its disclosure of climate change-related information, such as by endorsing the final report published by the Task Force on Climate-Related Financial Disclosures (TCFD Recommendations*4) in May 2019.

Through these and other measures, Sony will continue striving to minimize the environmental footprint of its supply chain, bring forth environmentally conscious products and services, and work to create a better and more sustainable society, toward the achievement of its “Green Management 2020” targets and ultimately an environmental footprint of zero.

About the CDP

The CDP is a nonprofit organization (NPO) founded in the UK in 2000. Backed by investors from around the globe, it conducts surveys on climate change and water management responses at private companies, then analyzes and releases the findings of these surveys to the public. This year, the CDP surveyed over 8,400 companies globally on behalf of more than 525 institutional investors representing more than 96 trillion U.S. dollars in managed assets.

• *1:As of January 2020, according to research by Sony.
• *2:The rating system is a 4-rank scale (A, A-, B, B-, C, C-, D, D-, F). The A List is made up of the companies awarded the highest performance rank of “A.”
• *3:A global initiative whose members seek to supply the electricity for their business activities using 100% renewable energy.
• *4:TCFD is a task force established by the FSB in 2015, and the TCFD Recommendations suggest a framework for the voluntary disclosure by companies of information such as climate-related risks and opportunities.

via Sony.net