Panasonic Green Impact

Panasonic Group aims to achieve carbon neutrality together with society to realize both a better life and sustainable global environment by expanding the impacts of our various activities.

At Panasonic, we are working tirelessly to reduce the CO₂ emissions associated with our businesses to create a better tomorrow for future generations. Our goal is to achieve carbon neutrality in our businesses and society by reducing CO₂ in our homes, towns, mobility and supply chain.

Our Initiatives

We aim to build a more sustainable and better tomorrow. At Panasonic, we are taking action to counteract the effects of climate change on our planet to leave Earth a better place for future generations.

Achieve net-zero CO₂ emissions of all operating companies by 2030

Achieve net-zero CO₂ emissions of all operating companies by 2030 - Increase the number of zero-CO₂ factories- Expand clean energy

Reduce CO₂ emissions of our customers

Reduce CO₂ emissions of our customers through more energy-efficient products and solutions - Build more energy-efficient products- Reduce energy use by our customers

Transition to clean, sustainable energy and innovations

Contribute to reducing society’s CO₂ emissions by transitioning to clean, sustainable energy and innovations. - Accelerate the creation of alternative energy- Expand the use of alternative energy

2024

Increase net-zero factories, recycle nearly all factory waste, more than double our use of recycled resin and nearly triple the number of products that fit into a circular economy model.

2030

Achieve net-zero CO₂ emissions of all operating companies by 2030 and reduce CO₂ emissions from our value chain.

2050

We aim to reduce CO₂ emissions by more than 300 million tons or about 1% of the current total global emissions.

Green Impact Plan 2024

37

Net-zero CO₂ factories*

99%

Ratio of factory waste recycled

90kt

Use of recycled resins (3-year sum)**

13

Circular economy-based business models and products

*Classification made based on Greenhouse Gas (GHG) Protocol, the international calculation standard **“3-year sum”: FY2023-FY2025 cumulative

We are moving towards alternative and more energy-efficient sources in our value chain

Electrification

- Non-fossil fuels & green vehicles
- Automotive batteries for green vehicles
- Hot water heat pump system

Hydrogen

- Promote and optimize efficient use of energy
- Indoor Air Quality & Air Conditioning devices

Energy efficiency

- Expand the use of zero-carbon energies
- Promote the use of pure hydrogen fuel cell

The Panasonic Group aims to achieve both a better life and a sustainable global environment, by creating impacts from actions that reduce its own CO₂ emissions, contribute to avoiding CO₂ emissions of society, and realize a circular economy.

Our Responsibilities

Our goals

Own Impact

Contribution Impact

Future Impact

Economy Initiatives

Influence

Global Warming Issues and Our Responsibilities

The impact of global warming Over the past 40 years, the number of extreme weather events and natural disasters worldwide has grown each year – and so has their economic impact.

Global consensus to stop global warming (1.5 degrees goal) We must limit global warming to +1.5°C vs. pre-industrial levels by the end of the century – which means slowing the rate of increase significantly.

How can we limit global warming At the current, ever-growing rate of CO2 emissions, it will not be possible to limit global warming to 1.5°C

The global trend towards carbon neutrality Over 150 countries and regions have pledged to become carbon neutral by 2050, 2060 or 2070. If achieved, this would cover around 88% of the world's emissions.

Social trends toward decarbonization As customers, investors and regulators become more climate conscious, it makes good business sense to reduce emissions and save energy.

Panasonic’s Responsibilities for Carbon neutrality Our business has an impact on everything from cities and homes to transport and factories, so we aim to reduce CO2 emissions throughout society.

Our goals

Our approach to carbon neutrality Through our three key impacts we're working to achieve carbon neutrality by 2050, reducing and avoiding emissions by 300M tons.

What is our “OWN IMPACT”? We want our impact to be about more than innovation. We want to give the planet a brighter future by reducing our emissions by 110M tons CO2 by 2050.

What is our “OWN IMPACT”?　– net zero CO2 factories” We aim to reduce our emissions by 110M tons CO2 by 2050. Zero-CO2 factories are just one example of how we'll achieve that.

What is our “OWN IMPACT”?　– home appliance As we reduce our own emissions, we're also promoting the decarbonization of society through technology like our home appliances.

What is our “CONTRIBUTION IMPACT”? Through our existing technology and business units, we aim to contribute a 100M ton reduction in society's emissions by 2050.

What is our “CONTRIBUTION IMPACT”? - electrification” Through our existing technology and business units, we aim to contribute a 100M ton reduction in society's emissions by 2050.

What is our “FUTURE IMPACT”? Through new technologies and business fields, we aim to innovate our way to a further 100M ton reduction in CO2 emissions.

What is our “FUTURE IMPACT”　– perovskite photovoltaic glass” Through innovation and energy transformation we aim to avoid a further 100M tons CO2 emissions in society.

What is our “INFLUENCE”? We promote decarbonization and energy-saving behaviours among customers, businesses, governments and investors.

What is our “INFLUENCE”? - Panasonic eco relay As a part of our INFLUENCE, our employees and their families actively engage in environmental activities – a scheme we call Panasonic ECO RELAY.

Circular economy activities - Factory waste recycling rate We're aiming to maintain the global waste recycling rate consistently at 99% or more, alongside plans to achieve zero emissions for factory waste.

Circular economy activities - Recycled resin used We aim to double the volume of recycled resin used throughout our business units over the next three years, achieving a cumulative 90,000 tons by 2025.

Circular economy activities - CE business model and products We're rolling out circular economy business models and products across at least 13 of our businesses by 2025, prioritizing efficient use of resources.

What we would like to achieve by 2050 We’re setting ambitious targets for our business, our impact on society, and the future, aiming to reduce CO2 by ~1% of current global emissions.

Panasonic Group's Initiatives Own Impact

[Zero-CO2 factory] 100% Zero-CO2 factories by 2030 We’re working towards reaching zero CO2 across all our factories by 2030. And we’ve already made great progress towards decarbonization.

[Zero-CO2 factory] Zero-Co2 factory distribution We’re working towards reaching zero CO2 across all our factories by 2030. And we’ve already made great progress with 31 zero-CO2 factories to date.

[Zero-CO2 factory] Realizing zero—CO2 factories We plan to achieve zero CO2 emissions across all factories by 2030. How? Through energy- saving initiatives that put renewables to good use.

[Energy efficient products] AI Eco Navi for smarter appliance We’re promoting energy saving at home, through technology like AI Eco Navi, which helps appliances identify waste and save power automatically.

Panasonic Group's Initiatives Contribution Impact

[A2W] What is A2W Compared to fossil-fuel heating systems, air-to-water heat pumps are more energy efficient and economic to run, reducing CO2 emissions from society.

[A2W] Popularization background Particularily in Europe, air-to-water expansion is supported by policy and subsidies. We are aiming for a system of local production and local consumption within Europe to maximize our CONTRIBUTION IMPACT.

[A2W] Our technological superiority By promoting the environmental benefits of air-to-water heat pumps, we're helping customer avoid CO2 emissions and improve their quality of life.

[Automotive batteries] Market growth and our potential capacity in NA As the global EV market grows and society embraces electrification technologies, there is also increased demand for our cylindrical cell EV batteries.

[Automotive batteries] Our technological superiority By adopting a cylindrical cell shape, we've increased the energy density of our EV batteries, reduced the amount of raw materials and maximized safety.

[Automotive batteries] Size of avoided emissions Electric vehicle batteries help society reduce CO2 emissions. As our production capacity increases, so will our CONTRIBUTION IMPACT.

"[Pure hydrogen Fuel Cell] What is Pure hydrogen Fuel Cell? Size of avoided emissions" Fuel cells generate both heat and power through a chemical reasction between hydrogen and oxygen, and the only bu-product is water. This well-known technology is alberdy contributing to the reduction of CO2 emissions.

[RE100] What is RE100 We'll grow renewable energy thought leadership with the first demonstration facility in Japan, expanding to Europe, the UK and customer facilities in 2024.

Panasonic Group's Initiatives Future Impact

[Perovskite solar cells] What is a perovskite? Perovskite solar cells are integrated with glass building materials (e.g. windows and walls), so they can generate electricity with high efficiency, even when roof sapce is limited.

[Perovskite solar cells] Technical superiority Panasonic perovskite photovoltaics bring the use of solar power to unconventional spaces, such as windows and walls, harmonizing with both the city's architecture and its citizens' lifestyles.

Panasonic's Circular Economy Initiatives

Concept for the Actions toward Circular Economy By creating circular economy businesses and embracing recycling-oriented manufacturing, we're improving circularity and promoting effective resource utilization.

Circular Economy Material : Cellulose fiber Cellulose fiber is made by mixing resin with naturally-derived fibers such as waste wood. Once molded it can be used for anything from home appliance casing to automotive parts.

Recycling-oriented manufacturing: Multishape We're reducing environmental impact and saving resources through innovative products like the MULTISHAPE modular personal care system.

Circular economy businesse: Home appliance subscription business（noiful） Subscription models like Noiful, which ensures rental properties are pre-installed with the latest home appliances, reduce the waste associated with appliance ownership.

Circular economy activities - Battery recycling We have battery collection boxes in 1,000 7-Eleven stores across Thailand and we are working with a steel company to extract and recycle iron.

Circular economy activities - Home appliance recycling As well as being made from recycled materials, the Pavilion is 98.1% recyclable, with some of it being reused as materials for home appliances again.

Circular economy activities - Panasonic Factory Refresh Panasonic is engaged in activities to refurbish returned products and display models that meet our high-quality standards.

Circular economy activities - Refrigeration refurbishment In China, used equipment from Lawson stores is refurbished at Panasonic’s facility and reintroduced to new stores. This process extends service life and avoids the CO2 emissions from manufacturing new equipment.

Influence

Creating new rules for corporate evaluation As well as opening up intangible assets, we will accelerate innovation that aids society's decarbonization by contributing to the creation of a mechanism that evaluates the reduction of CO2.

Specific example of communication activity：ECO RELAY　（for website） To date, we have provided environmental education to more than 2 million people, planted more than 3.3 million trees and conducted cleanup activities in Japan, the UAE, Taiwan, and other countries around the world.

INFLUENCE - Expanding solar power systems Where traditional solar installations require modifications to a factory’s electrical substation, our new system doesn’t demand major construction.