Bridgestone Corporation has obtained approval from Science Based Targets initiative (SBTi)*1 for CO2 emissions reduction target for 2030 set by the Bridgestone Group (Bridgestone).*2
SBTi grants certification to companies that have set science-based targets for reducing greenhouse gas emissions. These targets are expected to cover periods of five to 10 years and to comply with the levels stipulated by the Paris Agreement.*3
Bridgestone’s efforts align with the commitments of “Energy: Committed to the realization of a carbon neutral mobility society”, “Ecology: Committed to advancing sustainable tire technologies and solutions that preserve the environment for future generations” and “Economy: Committed to maximizing the economic value of mobility and business operations” described in a corporate commitment, the “Bridgestone E8 Commitment.”*4
Bridgestone has acquired SBT certification for its medium-term CO2 emissions reduction target for 2030 (Scope 1, 2 and Scope 3). Bridgestone is pursuing its goal of carbon neutrality by working to concurrently enhance its contribution to CO2 reduction and minimize CO2 emissions, with emphasis on the importance of rapid and deep emission cuts. To this end, Bridgestone seeks to achieve ongoing improvements in the energy efficiency of its production activities while ramping up efforts to utilize renewable energy. At the same time, Bridgestone strives to reduce CO2 emissions across the value chain and the entirety of product lifecycles, which spans from raw material procurement to distribution, use, reuse, and recycling. Bridgestone has also maintained a rank of A- or above from CDP*5 for the past seven years, indicating that it is exhibiting excellence in combating climate change.
Bridgestone has placed sustainability at the core of its management and business and strives to realize its vision of “Toward 2050, Bridgestone continues to provide social and customer value as a sustainable solutions company.” Bridgestone is accelerating initiatives for contributing to a realization of carbon neutrality and a circular economy for advancing its Sustainability Business Framework that ensures the link between sustainability activities and business across the entire value chain, in all of its “produce and sell,” “use,” and “renew” phases of its Dan-Totsu Products.
With “Bridgestone E8 Commitment” which serves as guiding vectors to accelerate its transformation, Bridgestone will commit to the realization of a sustainable society by co-creating value together with employees, society, partners and customers while achieving both sustainability and business growth.
For more information, please refer to Bridgestone 3.0 Journey (2022 Integrated Report) and to the sustainability section of Bridgestone corporate website.*
*1 Science Based Targets initiative (SBTi)
SBTi is an international initiative that encourages companies to set greenhouse gas emissions reduction targets based on scientific evidence in order to contribute to the accomplishment of the goals of the Paris Agreement. This initiative is jointly operated by CDP, an international NGO promoting disclosure of environmental information; World Wide Fund for Nature Inc.; the World Resources Institute; and the United Nations Global Compact.
*2 The near-term targets approved by SBTi
*3 The Paris Agreement is a legally binding international treaty on climate change. Its goal is to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels.
*4 The Bridgestone Group established its corporate commitment, the “Bridgestone E8 Commitment,” to help it realize its vision: “Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company.” This commitment will serve as the Group’s axis to drive management while earning the trust of future generations. The “Bridgestone E8 Commitment” consists of eight uniquely Bridgestone values starting with the letter “E” (Energy, Ecology, Efficiency, Extension, Economy, Emotion, Ease, and Empowerment) that the Group will commit to creating through distinctly Bridgestone purposes and processes, together with employees, society, partners, and customers to help realize a sustainable society. https://www.bridgestone.com/corporate/news/pdf/2022030101.pdf
*5 CDP is an international nongovernmental organization that collects and discloses environmental information related to companies and cities. Based on the requests of institutional investors, companies, and other organizations, CDP encourages organizations to disclose information regarding climate change, greenhouse gas emissions, water management, and other environmental concerns and also investigates and evaluates such organizations.
*6 For more information, please refer to Bridgestone 3.0 Journey Report (2022 Integrated Report) as well as the sustainability section of Bridgestone’s corporate website.