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NEC updates its greenhouse gas reduction target to SBT1.5degC and joins RE100, a international renewable energy initiative

TOKYO, Jun 11, 2021 – (JCN Newswire) – 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…

TOKYO, Jun 11, 2021 – (JCN Newswire) – In 2017, NEC Corporation (TSE: 6701) announced its climate change policy guidelines for 2050(1), aiming to reduce CO2 emissions from its own direct business operations to become carbon neutral from 2050. In order to accelerate climate change measures, NEC upgraded its greenhouse gas reduction target in the preceding 33% reduction in the baseline emission in FY2017 to some 55% reduction by FY2030. This revised target was validated from the Science Based Targets initiative (SBTi)(2) as being consistent with reductions required to maintain global warming to 1.5degC. The target is one of those”materialities,” priority direction topics from an ESG standpoint, outlined in NEC’s Mid-term Management Plan 2025.In line with this improved target, NEC joined RE100(3), that strives to significantly enlarge 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. (1) Formulation of climate change policy guidelines aimed at 2050https://www.nec.com/en/global/csr/eco/risk.html?#anc-strategy(2) Science Based Targets initiative:An initiative jointly established by the United Nations Global Compact, the World Resources Institute (WRI), and other organizations in 2015. It encourages companies to set GHG emission reduction targets consistent with science-based evidence to the level required by the Paris Agreement, validating targets that comply with criteria including indirect emissions not only within the company but also in the supply chain. (3) RE100:A collaborative global initiative of influential businesses committed to 100% renewable electricity. It is led by The Climate Group in partnership with CDP. The Japan Climate Leaders’ Partnership (JCLP) has supported the involvement of Japanese companies as a regional partner.About NEC CorporationNEC Corporation has established itself as a pioneer in the integration of IT and network technology while boosting the brand statement of”Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes happening in the the market as it provides for the social values of security, security, fairness and efficiency to promote a more sustainable world in which everyone has the chance to reach their whole potential. To learn more, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com
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