TOKYO, Japan, Oct. 14, 2020 (Press Release) -Oji Holdings Corporation (President: Masatoshi Kaku, Head office: Tokyo, hereafter, the “Company”) hereby announces that it has established the Environmental Vision 2050 as a long-term environmental vision, coupled with the Environmental Action Targets 2030 set forth to achieve the Vision toward which the Company will start to implement initiatives in FY2021, to be completed by FY2030.
The core purpose of the Environmental Vision 2050 is to accomplish net-zero carbon emissions or the reduction of greenhouse gas (GHG) emissions to virtually zero by 2050. The Company will take a range of measures, including the implementation of comprehensive energy savings across manufacturing and logistics operations and the expansion of the use of renewable energy while making the most of forests’ CO2 absorption and fixation capacity through forest preservation and planting.
In doing so, the Company has established the target of reducing CO2 emissions by at least 70% by FY2030 compared to FY2018. In addition, it will make an effort across the Oji Group for promoting the effective use of resources, reducing the impact on the environment, and maintaining and conserving biodiversity, among other initiatives.