Reduction of CO₂ Emissions

Total CO₂ emissions from the entire JVCKENWOOD Group (Scope 1 + 2) have been in a general downtrend since 2014. Currently, we are aiming to achieve our JK Green 2030 short-term/medium-term target of "46.2% reduction by FY2030 compared to FY2019," and our total CO₂ emissions in Japan and overseas in FY2022 were 33,665 tons (-19.8% compared to FY2019).

In addition, as a short-term target to achieve the goal, we aim to reduce CO₂ emissions by 16.8% in FY2023 compared to FY2019.

Greenhouse gas emissions other than CO₂ are as follows:

In September 2022, we concluded a loan agreement for a Sustainability Linked Loan (SLL) with a Sustainability Performance Target (SPT) based on the Group's reduction rate of CO₂ emissions (Scope 1 + 2) and raised funds. The SLL loan aims to promote environmentally and socially sustainable economic activities and economic growth by setting SPTs based on the borrower's sustainability strategy and linking loan terms to the achievement of the SPTs, thereby motivating the borrower to achieve the targets.
In this loan, based on material issues, we aim to reduce the Group's CO₂ emissions (Scope 1+2) by 25.2% by 2025 (compared to 2019). In 2024, Japan Credit Rating Agency, Ltd. (JCR), a third party, verified the progress of SPT reporting under its limited assurance procedure (JCR's independently established procedures in accordance with the relevant general principles, professional standards and "International standard for assurance engagements, other than audit or reviews of historical financial information (ISAE 3000)" for independent audits), and confirmed that the CO₂ emission reduction rate for FY2023 had reached the target. In this verification procedure, we submitted aggregate data on CO₂ emissions (Scope 1 + Scope 2) based on the Group's FY2023 energy consumption data (13 domestic and 4 overseas sites) as evidence of the progress of the SPT.

For more details, please refer to Sustainable Linked Loan Financing and Third-party limited assurance report (Japanese Only) .

We calculate indirect CO₂ emissions from various processes of our corporate activities, from raw material procurement to manufacturing, transportation, use and disposal. Actual emissions are calculated based on ”the Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain” published by the Ministry of the Environment and the Ministry of Economy, Trade and Industry. Going forward, we will continue working to cut CO₂ emissions by reducing the number of parts per product and developing power-saving products through the use of life cycle assessment.

The JVCKENWOOD Group recognizes that it is responsible as a manufacturer for reducing the use of limited resources and energy as much as it can and realizing a sustainable production process. Therefore, we work to monitor and reduce energy consumption especially at production bases and make global efforts, such as reducing person-hours and installing energy-saving equipment. In FY2023, the JVCKENWOOD Group (all domestic and certain overseas companies) consumed 535.1 thousand GJ of energy. We will also continue our active efforts, including using alternative renewable energy sources, to achieve the mid- to long- term target.

Energy consumption by type (FY2019–FY2023)

As part of its climate change initiative, the Head Office and Yokohama Business Center are working to promote the use of renewable energy. Their two renewable energy generation systems produce 12,000 kwh of electricity per year. Electricity generated by the solar power system on the roof of the guard station is provided to the guard station, while electricity generated by the hybrid wind and solar power system near the gate is used for outdoor lights within the Head Office. 

We are also installing solar panels on factories and warehouses of our Group companies to reduce CO2 emissions.

The JVCKENWOOD Group has various initiatives to reduce CO₂ emissions at workplaces. In the first half of FY2024, we will significantly reduce CO₂ emissions by eliminating fossil fuel boilers at all domestic sites by replacing them with electric air conditioning systems.

As a specific example of action taken, JVCKENWOOD Nagaoka has completely decommissioned fossil fuel boilers since June 2024 after upgrading to electric air-conditioners, thus totally eliminating CO₂ emissions from kerosene.

As a result, in FY2023 kerosene consumption and CO₂ emissions were respectively reduced by 48 kl and 120 tons.

In October 2020, the government of Japan issued a declaration that it would achieve carbon neutrality by 2050, and in April 2021 announced a goal of reducing greenhouse gas emissions by 46% over 2013 levels, with the potential to go as high as 50%. As part of its strategy to achieve this, the government launched the "COOL CHOICE" campaign to encourage people to make smart choices that help combat global warming when they replace products, use services and choose lifestyles. JVCKENWOOD announced its support for "COOL CHOICE" as part of efforts to contribute to SDGs Goal 13 (climate action).