Promise to become carbon neutral in our business by 2050
In light of the Paris Agreement coming into force in 2016 and the ensuing global movement toward decarbonization, the Envipro group has decided that we will achieve net zero GHG emissions from our entire businesses by 2050, including the disposal and recycling of the scrap handled by our Group.
Resource issue and climate change issue are closely related to each other, not individual issues, and furthermore both of issues are global social issues. Endless resource mining and greenhouse gas emissions are detrimental to sustainability. And we should find any solution to preserve the planet Earth's resources and its natural environment that we share in the future.
Our Group's business, which is located at the end of the supply chain and our Group is responsible for Resource Circulation Business, possesses the business characteristics that enable it to tackle both of these critical social issues through its business, and we believe that this is precisely the social responsibility that the Group should fulfill.
Efforts toward carbon neutrality by 2050
Our CO₂ emissions in fiscal 2021 were 4,792 tons, a 62% reduction compared with scale 2017.
CO₂ emissions include those derived from electric power (Scope 2), accounting for about 70% of emissions at the time of joining the RE100 initiative. By working to switch to electric power from renewable sources, we are achieving continual reductions in emissions.
By making all of our business activities carbon neutral, including the recycling of scrap and wastes, we will contribute to resolving social issues through decarbonization and to the achievement of a circular economy.
Renewable energy 100% in our business by 2030
In July 2018, the Group joined "RE100", which aims to make the electricity consumed in business activities 100% renewable energy by 2050. We are the first recycling company to join this initiative in the world.
This time as we announced our commitment to be carbon neutral by 2050, we reset our target year of RE100 to 2030, which is 20 years ahead of schedule. This is because we recognize that expanding and accelerating renewable energy which is the most important measure against climate change is an important theme to tackle for our company, which has the mission of "contribute to create a sustainable society".
In April 2021, group member ECONECOL Inc. completed its switch to renewable energy for electricity used at its plants and offices, including its head office. With this achievement, 97.3% of the electricity consumed by the group as a whole became derived from renewable energy in fiscal 2021.
We are steadily advancing our renewable energy initiatives toward our goal by 2030 including the installation of photovoltaic power generation facilities at our new plants and menus of renewable energy.