YOKOHAMA, Japan, Sept. 8, 2026 /PRNewswire/ — Panasonic Automotive Systems Co., Ltd. (Headquarters: Yokohama, Kanagawa, Japan; President: Masashi Nagayasu) and its group companies (collectively, the “Group”) today announced that they have received validation from the Science Based Targets initiative (SBTi)* for the Group’s greenhouse gas (GHG) emissions reduction targets as science-based targets aligned with efforts to limit global warming to 1.5°C.
Science Based Targets (SBTs) are corporate greenhouse gas emissions reduction targets aligned with the Paris Agreement’s goal of limiting global warming to 1.5°C above pre-industrial levels. The targets validated for the Group are shown in the table below.
|
Category |
Target |
|
|
Near-Term |
Scope 1 and 2 |
Reduce GHG emissions by 63.0% by FY2035 from an FY2024 base year |
|
Scope 2 |
Increase the annual sourcing of renewable electricity to 100% by FY2030 and maintain through FY2035 |
|
|
Scope 3 |
Reduce Scope 3 Category 1 and Category 11 emissions by 37.5% by FY2035 from an FY2024 base year |
|
|
Long-Term |
Scope 1 and 2 |
Reduce GHG emissions by 90.0% by FY2050 from an FY2024 base year |
|
Scope 3 |
Reduce Scope 3 Category 1 and Category 11 GHG emissions by 90.0% by FY2050 from an FY2024 base year |
|
|
Net-Zero |
Scope 1, 2, and 3 |
Achieve net-zero GHG emissions across the value chain by FY2050 |
The Group regards climate change as one of its key management issues and has been working to promote ongoing energy conservation initiatives and expand the use of renewable energy. Since 2023, the Group has maintained net-zero CO2 emissions at its major sites worldwide.
To achieve the newly validated SBTs, the Group will continue to advance energy conservation initiatives and expand the adoption and use of renewable energy, while also expanding low-carbon products and services and strengthening collaboration with suppliers. Through these efforts, the Group will promote reductions in GHG emissions across the entire value chain and contribute to the realization of a sustainable mobility society.
* Science Based Targets initiative (SBTi): Jointly operated by CDP, United Nations Global Compact (UNGC), World Resources Institute (WRI), and World Wide Fund for Nature (WWF), the SBTi encourages companies to set science-based greenhouse gas (GHG) emissions reduction targets to support achievement of the goals of the Paris Agreement.
About Panasonic Automotive Systems Co., Ltd.
Headquartered in Japan, Panasonic Automotive Systems Co., Ltd., (PAS) is a global company with subsidiaries in eight other countries and, as a Tier 1 company, it provides advanced proprietary technologies such as infotainment systems to automakers in Japan and overseas, helping to create comfortable, safe, and secure automobiles. PAS is committed to meeting the expectations of its customers around the world with technologies that stand by people in pursuit of its corporate vision of becoming the “Joy in Motion” design company.
We are changing our company name and brand to Mobitera Inc., effective April 1, 2027. To learn more about our company, please visit https://automotive.panasonic.com/en
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SOURCE Panasonic Corporation of North America
