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Seiko Group’s greenhouse gas emissions reduction targets receive SBT approval

April 25, 2024
Seiko Group Corporation

Seiko Group Corporation (Chairman & Group CEO, CCO: Shinji Hattori; head office: Chuo-ku, Tokyo, Japan) has received SBT approval by the SBTi (Science Based Targets initiative)* for its comprehensive greenhouse gas emissions reduction targets for FY2030, aligning with the 1.5°C target outlined in the Paris Agreement.

■Greenhouse Gas Emissions Reduction Targets with SBT Approval
Scope 1, 2: 42% reduction compared to the FY2022 level
Scope 3:  25% reduction compared to the FY2022 level
Scope categories: Category 1 (Purchased goods and services), 11 (Use of sold products)

The Seiko Group is firmly dedicated to reducing greenhouse gas emissions in alignment with the Sustainable Development Goals (SDGs) strategy outlined in its 8th Mid-Term Management Plan, SMILE 145. This commitment encompasses a strong pledge to combat climate change and advance decarbonization initiatives.

In November 2023, we updated our long-term targets for reducing greenhouse gas emissions and refined our roadmap for their achievement. We are intensifying our endeavors to curb greenhouse gas emissions, exemplified by our latest initiative to transition 100% of electricity consumption at all sites in Japan to renewable energy by the conclusion of FY2024, ahead of schedule.
The Seiko Group is steadfast in its commitment to promoting a range of initiatives aimed at reducing greenhouse gas emissions and actively contributing to the realization of a sustainable society.

*SBTi (Science Based Targets initiative):
The SBTi was founded in 2015 as a collaborative effort between CDP, the World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the UN Global Compact (UNGC). This initiative aims to assess whether the greenhouse gas emission reduction targets established by companies are grounded in scientific evidence, with the objective of limiting the global temperature increase to less than 1.5°C above pre-industrial levels. Targets that meet the criteria set forth by the SBTi are approved accordingly.

Press Contact:

Seiko Group Corporation
Public Relations Department

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