IBIDEN Sets Mid- and Long-Term Objectives to Achieve Environmental Vision 2050

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IBIDEN Co, Ltd. has positioned its actions to address the issue of climate change as a key business challenge and has set greenhouse gas (GHG) emissions reduction targets for FY2030 to accomplish its Environmental Vision 2050.

Pursuing a good balance between future growth strategies centered on the Electronics Operation and actions to address climate change, the newly formulated targets are to reduce GHG emissions intensity by half as well as total emissions by 16 percent within the IBIDEN Group by FY2030, compared with FY2017.

As a new framework, under a conference meeting specializing in actions to address climate change (Chairperson: President), the Green Innovation Promotion Division, which is to be set up in FY2021, and operational divisions will take the initiative. The ESG Promotion Group working in cooperation will send and collect information of a global standard such as the TCFD recommendations. More specifically, the IBIDEN Group will accelerate innovation in manufacturing technologies that enable low carbon operation by introducing internal carbon pricing. In cooperation with its suppliers, the Group will also reduce emissions, convert to low carbon energy, and procure renewable energy to realize GHG reduction.

In addition, the Group will develop technologies and expand businesses which contribute to a decarbonized society through carbon capture and other approaches to reach net zero GHG emissions at the earliest possible stage by the long-term goal of 2050.

Moreover, details of the IBIDEN Group's actions to address climate change including the action results by FY2020 will be published in an Integrated Report to be issued at the end of this September as well as on the Group's ESG web page, to be updated around the same time.