Japanese technology company, Fujitsu, has announced that it is accelerating its net zero goals by bringing forward the target date from 2050 to 2040 whilst also expanding the scope of the target to include its entire value chain.
The new goals have been verified by the Science-Based Targets Initiative (SBTi), which sets ambitious targets for companies to reduce their greenhouse gas emissions in line with the latest climate science.
Under the SBTi’s Net-Zero Standard, large businesses must reduce absolute emissions across all scopes by at least 90% by 2050 at the latest. The standard also requires companies to have a plan to remove any residual emissions, and to either mitigate efforts or invest in emissions that fall outside of their value chain.
By fiscal 2030, Fujitsu plans to have eliminated all of its direct greenhouse gas emissions (scope 1 and 2), 20 years ahead of its previous plan. It will then go a step further and achieve net zero emissions across its entire value chain (scope 3) by fiscal 2040.
To achieve these targets, the Tokyo-based business will accelerate its plans to source 100% of the electricity used in its business operations from renewable energy, which currently sits at 20.7% according to its latest sustainability report. The company is also investing in a variety of other decarbonisation measures, such as reforestation and direct air capture.
Notably, Fujitsu, alongside companies like Apple and Epson, is a member of the Climate Group’s RE100 initiative, which unites businesses in targeting 100% renewable energy, making it the first Japanese company to do so.
The technology company also further issued the “Fujitsu Group Environmental Action Plan (Stage XI),” outlining the Group’s efforts to achieve carbon neutrality and contribute to the resolution of environmental and societal issues.
The SBTi, recently removed around 120 companies from its list earlier this month, including US technology giant Amazon. The companies were removed for failing to establish a credible goal for reducing carbon emissions by the deadline.
