Response to Climate Change

Our Group's CO2 Reduction Targets and Monitoring Indicators

Our Group's CO2 Reduction Targets and Monitoring Indicators

We recognize that environmental contribution by reducing own CO2 emissions is not enough in the light of corporate sustainability. At the same time, we believe it is important to contribute to society by providing low-carbon energy with a view to the transition to a low-carbon society in the future, and to contribute to the economy by continuing to generate profits while transforming our business portfolio.
In addition to its fossil fuel business, we conduct business related to the development of renewable energy and environmentally friendly products, as well as research aimed at solving social issues. These activities contribute to the reduction of CO2 emissions on a global scale throughout our value chain. We recognize that this concept will become even more important in the future along with the reduction of CO2 emissions by the Group.
Based on this recognition, our group will accelerate its efforts to reduce CO2 emissions by establishing 3 indices.
The CO2 reduction targets in Indicator 1 are set in Japan's 2030 Nationally Determined Contribution of GHG reduction
targets in a way that greatly surpasses the targets of industry associations to which we belong. Indicator 2 is based
on the assumption that energy demands of customers are stably supplied. At present, indicator level is set in a manner
that is consistent with the levels required by society as outlined in our company’s scenario “Prism." However, we will
revise the indicator level as needed while monitoring trends in low carbon energy demand by society.

Figure

Target Value
  Description 2030 Target Value
(Compared to 2017)
Indicator 1 : Scope 1 + 2 Reduction An indicator of the extent to which "Scope1 + 2 emissions" has been reduced through promotion of energy conservation activities at refineries, plants, and factories, etc. ▲2 millon ton-CO2
(Calculation formula) = CO2 emissions in target year (Scope1 + 2) - CO2 emissions in base year (Scope 1 + 2)
Monitoring Indicator
  Description 2050 Indicator Level
(Compared to 2017)
Indicator 2 : Low Carbon Level of Supplied Energy Indicator of the extent to which an energy company can reduce the "CO2 emissions per unit of energy" supplied to society ▲30%
Formula
Indicator 3 : Degree of Carbon Exit from Corporate Earnings Indicator of how the "Revenue level per unit of CO2" emitted by the company as a whole is being raised  
Formula
*CO2 reduction contribution through the entire value chain

We are committed to reducing CO2 emissions on a global scale throughout the entire value chains. We will promote contribution to the reduction of CO2 emissions through our business activities in the following five areas.

出光興産, DFF Inc.