LIXIL Group’s Greenhouse Gas Reduction Target Validated by the Science Based Targets Initiative
TOKYO, November 28, 2017 /3BL Media/ - LIXIL Group Corporation (“LIXIL Group”), a global leader in the housing and building industry, has received validation from the Science Based Targets (SBT) initiative1 for its greenhouse gas emissions target. LIXIL is the first company in the building products sector globally to have its targets approved by the SBT initiative.
LIXIL Group announced its revised Corporate Responsibility (CR) strategy in March 2016, under which it is addressing three important global issues: sanitation and hygiene, water conservation and environmental sustainability, and diversity and inclusion. As part of this strategy, LIXIL Group established its Environmental Vision 2030 with the goal of realizing positive environmental contributions from products and services that surpass the environmental footprint from all business activities, achieving a NETZERO Environmental Footprint.
The targets approved by the SBT initiative outline how LIXIL Group will reduce its environmental footprint in order to achieve its Environmental Vision, comprising a 30% reduction in Scope 1 and 2 emissions2, and a 15% reduction in Scope 3 emissions3 by 2030 compared to fiscal 2015 levels. To achieve these targets, LIXIL Group is increasing energy efficiency in its operations, introducing renewable energy, and promoting energy efficient products and services, such as for the adoption of Net Zero Energy Houses (ZEH)4.
LIXIL Group President and CEO, Kinya Seto, said, “To help mitigate the impact of climate change, LIXIL Group is committed to reducing its environmental impact across its entire supply chain, from procurement to final product disposal. We will continue to develop products and services that enhance people’s living spaces while also being environmentally friendly.”
For more information about LIXIL Group’s Environmental Vision 2030, visit: http://www.lixil.com/en/sustainability/activities/environment.html
1. The Science Based Targets (SBT) initiative is a joint collaboration between CDP, the World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC). It was established in 2015 to encourage companies to meet science-based targets for cutting greenhouse gases, in order to hold the increase in the global average temperature to below 2 degrees Celsius above pre-industrial levels.
2. Scope 1 & 2: GHG emissions from fuel and electricity used by an organization.
3. Scope 3: GHG emissions through the supply chain, such as procurement and use of products.
4. Net Zero Energy House (ZEH): A house with net zero annual primary energy consumption, achieved by enhancing the efficiency of thermal insulation and equipment (energy conservation), and generating energy through photovoltaic power generation systems and other means (energy creation).
LIXIL Corporation is a global leader in housing and building materials products and services. The foundation of LIXIL’s success is our constant investment in technological innovation to improve the way we live. Delivering core strengths in water, housing, building and kitchen technologies, our brand portfolio businesses LIXIL, GROHE, American Standard Brands and Permasteelisa are leaders in the industries and regions in which they operate. LIXIL produces some of the world’s most fundamental and innovative products and services, and our solutions are an integral part of some of the world’s most iconic and cutting-edge living and working spaces. Operating in more than 150 countries, and employing more than 80,000 people, we bring together function, quality and design to make people’s lives better, and more delightful – wherever they are.
About LIXIL Group
LIXIL Group Corporation (TSE Code: 5938) is the listed holding company containing LIXIL Corporation, LIXIL VIVA CORPORATION and LIXIL Housing Research Institute, Ltd. The Group, which is led by President and CEO Kinya Seto, is involved in a broad spectrum of housing-related businesses, ranging from the manufacture and sales of building materials and housing equipment to the operation of home centers and a network of homebuilding franchises, and comprehensive real estate service. LIXIL Group Corporation posted ¥1.89 trillion in consolidated sales in FYE March 2016.