Energy Efficiency, GHG Emissions, Industrial  -  August 30, 2022

Renesas Electronics' Goals Approved by SBTi

Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, announced that the company’s targets to reduce GHG emissions by 2030 have been certified by the Science Based Targets initiative (SBTi). 

The targets were recognized as science-based goals that contribute to the Paris Agreement (Note) climate targets, a global initiative to limit the increase in global average temperature to 1.5 °C compared to pre-industrial revolution levels.

Renesas plans to reduce GHG emissions by 38% in 2030, compared to 2021 levels, according to a statement.

The SBTi-approved targets are interim goals that align with Renesas’ long-term objective to become carbon neutral by 2050. Renesas plans to achieve this goal by implementing various reduction measures, such as accelerating energy efficiency through energy-saving equipment, the use of green power, and new solar power generation. 

The company’s other initiatives include the Japan Climate Initiative (JCI), which serves as a network for the realization of a decarbonized society, the Task Force on Climate-related Financial Disclosure (TCFD) and the Japan-based TCFD Consortium.