Panasonic Automotive Systems Receives SBT Certification

Panasonic Automotive Systems Co., Ltd. announced on September 7 that the greenhouse gas (GHG) emission goal established by the company and its group has obtained “SBT certification” from the international Science Based Targets initiative (SBTi). Panasonic Automotive Systems SBT Certification covers targets extending through fiscal year 2035, establishing a defined pathway for reducing emissions associated with its own operations and broader supply chain. The certification gives formal recognition to the company and group’s stated emissions-reduction objectives while maintaining the specific reduction levels set against fiscal year 2024 as the baseline.

Fiscal Year 2035 Scope 1 And Scope 2 Targets

Under the fiscal year 2035 targets, Panasonic Automotive Systems Co Ltd plans to reduce Scope 1 emissions, which are emissions from in-house operations, by 63% compared with fiscal year 2024. The same 63% reduction target applies to Scope 2, covering indirect emissions associated with the company’s energy use. These targets focus on emissions connected to the company’s direct operational footprint and the energy consumed across its activities. By setting the reduction level against fiscal year 2024, the company has established a specific reference point for measuring progress toward the 2035 objective.

Scope 3 Targets Address Supply Chain Emissions

The company also set targets for two Scope 3 categories covering emissions across the supply chain. Panasonic Automotive Systems Co Ltd aims to reduce Category 1 emissions from purchased goods and services by 37.5% compared with fiscal year 2024. It also targets a 37.5% reduction in Category 11 emissions associated with the use of sold products. Together, these targets extend the emissions-reduction effort beyond the company’s own operations and into activities linked to purchased inputs and the subsequent use of products sold by the business.

Targets Cover Multiple Emissions Categories

The SBT certification therefore covers both operational and value-chain emissions, with different reduction levels assigned to the specified emissions categories. The 63% goals for Scope 1 and Scope 2 are higher than the 37.5% goals established for Category 1 and Category 11 of Scope 3, reflecting the separate targets defined by the company and its group. The fiscal year 2035 deadline provides a long-term timeframe for pursuing these reductions from the fiscal year 2024 baseline, while the certification confirms that the stated GHG targets have been recognized through the SBTi framework.

Industry Impact & Outlook

The certification is significant for Panasonic Automotive Systems Co Ltd because its 2035 emissions goals address both internal activities and selected parts of the wider value chain. The targets can shape future efforts involving operational emissions, energy-related emissions, purchased goods and services, and product use, while giving stakeholders defined reduction levels against a fiscal year 2024 baseline. The main practical implication is that progress will need to be measured across multiple emissions scopes and categories rather than through operational reductions alone. For the automotive supply chain, the focus on Scope 3 categories also highlights the importance of emissions associated with products and upstream purchasing.

Frequently Asked Questions

What emissions reductions has Panasonic Automotive Systems targeted by fiscal year 2035?
Panasonic Automotive Systems has established separate reduction targets for operational and selected value-chain emissions through fiscal year 2035. The company and its group aim to cut Scope 1 and Scope 2 emissions by 63% compared with fiscal year 2024, while Category 1 and Category 11 of Scope 3 are targeted for reductions of 37.5%. These targets cover in-house emissions, indirect energy-related emissions, purchased goods and services, and the use of sold products. The goals received SBT certification from the international Science Based Targets initiative, providing recognition under the SBTi framework.