Hiratsuka, Japan—The Yokohama Rubber Co., Ltd., announced that on January 30 it submitted a commitment letter to the Science Based Targets Initiative (SBTi), the first step in gaining validation of science-based targets (SBTs) for greenhouse gas emission reductions that are scientifically consistent with standards established by the Paris Agreement.
This commitment letter pledges to set and submit targets that are aligned with the SBTi’s target-setting criteria within two years. Companies are asked to set SBTs that target reducing emissions related to all of a company’s business activities, including direct emissions from their own operations as well as indirect emissions caused by other companies and customers.
Having set a goal of achieving net zero CO2 emissions from its own activities by 2050, Yokohama Rubber has been promoting the use of solar power generation systems and electricity derived from renewable energy at its plants around the world. It also has been disclosing indirect emissions from its products’ distribution, use, and disposal since 2013. Going forward, Yokohama Rubber aims to obtain validation of its SBTs and accelerate its reduction of greenhouse gas emissions throughout its supply chain as part of its response to climate change–related problems, which have become increasingly serious in recent years.
Under the slogan for sustainability management “Caring for the Future”, Yokohama Rubber is creating shared value by addressing social issues through its business activities.