Panasonic : Participates in Global Green Transformation Conference (GGX), Calls for Standardized Measurement of Avoided Emissions Contributions
October 26, 2022 at 10:38 am IST
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He explained that while companies can measure reductions in CO2 emissions associated with their business activities, measuring a company's contribution to society through its efforts to promote avoided emissions is currently quite difficult. This challenge is important to Panasonic because under the PGI, the group will seek to achieve a reduction impact of more than 300 million tons of CO2 emissions by 2050-300 million tons is equivalent to "about 1%" of total global CO2 emissions. Of this amount, 200 million tons will come from reduction contributions.
Turning to point number two, participants agreed that capital markets and government have still not figured out how to identify "good" companies-companies investing in avoided emissions strategies and generating positive outcomes-and reward them for their endeavor.
This is a critical point, because ongoing advances in technology and the application of AI, IoT and other digital solutions means that the CO2 emission reduction contribution of products and services will be significant. For example, Panasonic predicts that promotion and adoption of fuel cell systems, including pure hydrogen fuel cells and ENE-FARM, by FY2031 can yield an emission reduction contribution of 6 million tons-or 30 times the level of FY2021.
As for point number three, panelists agreed that setting clear rules for assessment and measurement is essential for avoiding claims of greenwashing.
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Panasonic Corporation published this content on 26 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2022 05:07:03 UTC.
Panasonic Holdings Corporation (formerly Panasonic Corporation) specializes in manufacturing and marketing of consumer electronic equipments. Net sales (including intragroup) break down by family of products as follows:
- domestic equipments, appliances and audiovisual equipment (42.5%): lighting devices, photovoltaic devices, wiring devices, health and care devices, furnishing materials, air conditioning and ventilation equipments, air purifiers, refrigerators, air conditioners, washing machines, dryers, vacuum cleaners, irons, microwaves, fans, cooking appliances, dishwashers, TVs, digital cameras, audio and video equipment, fixed telephones, showcases, etc.;
- electronic and electromechanical components (13.2%): relays, switches, power supply systems, industrial motors and sensors, capacitors, coils, resistors, materials for electronic circuits, semiconductors, LCD panels, etc.;
- automotive multimedia equipment and electronic accessories (12.4%);
- avionics, industrial automation, communication and entertainment systems (10.8%): in-flight entertainment and communication systems, electronic component assembly machines, welding equipment, projectors, professional audio-visual systems, computers, tablets, mobile communication systems and equipment, etc.;
- energy storage systems (8.9%): cylindrical lithium-ion batteries, dry batteries, primary/secondary lithium batteries, nickel-metal hydride batteries, lithium-ion batteries, energy storage modules and systems;
- other (12.2%).
Net sales break down geographically as follows: Japan (43.2%), China (13.4%), Asia (14.7%), Americas (18.7%) and Europe (10%).