The Science Based Targets initiative has validated that the near-term science-based greenhouse gas emissions reductions target(s) submitted by UBE Corporation conform with the SBTi Criteria and Recommendations.
SBTi has classified the company’s scope 1 and 2 target ambition as in line with a 1.5℃ trajectory.
UBE Corporation commits to reduce absolute scope 1 and 2 GHG emissions 45% by FY2030 from a FY2021 base year. UBE Corporation also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, end-of-life treatment of sold products and investments 25% within the same timeframe.
UBE Group views Climate Change as a serious urgent issue as well as the risk threatening UBE’ s sustainable business operations.
With this SBT validation, UBE Group will make further efforts to cut GHG emissions throughout the entire value chains.
UBE Corporation has submitted two near-term targets for review by the SBTi. All targets have been assessed against the SBTi’s quantitative and qualitative criteria, along with the Targets Validation Protocol. For approval, a company’s targets must comply with all applicable requirements. The following is an overview of the approved targets.
| Base Year | Target Year | Target Value | Method used | SBTi Minimum Ambition | |
|---|---|---|---|---|---|
| Absolute Scope1&2 GHG emissions | 2021 | 2030 | 45% | Absolute contraction | 42% |
| Absolute Scope3 GHG emissions* | 2021 | 2030 | 25% | Absolute contraction | 25% |
* from purchased goods and services, end-of-life treatment of sold products and investments
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
URL: www.sciencebasedtargets.org
X (Formerly twitter): @sciencetargets
Scope 1: Green House Gas (GHG) emissions from the company’s direct operations
Scope 2: Indirect GHG emissions associated with the electricity or energy it buys for heating and cooling buildings
Scope 3: All the emissions associated with Company’s value chains, except the emissions from the company itself
Direct operations: All activities and sites (e.g. buildings, farms, mines, retail stores) over which the enterprise has operational or financial control. This includes majority-owned subsidiaries.
