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Solar Panel set at UBE Spain Site.

UBE’s near-term science-based greenhouse gas (GHG) emissions reduction targets have been approved by SBTi

Tokyo (Japan) December 11th, 2023

The Science Based Targets initiative has validated that the near-term science-based greenhouse gas emissions reductions targets submitted by UBE Corporation conform with the SBTi Criteria and Recommendations. SBTi has classified the company’s scope 1 and 2 targets ambition as in line with a 1.5º C trajectory.

UBE Corporation commits to reduce absolute scope 1 and 2 GHG emissions 45% by FY2030 from a FY2021 base year. UBE Corporation also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, end-of-life treatment of sold products and investments, 25% within the same timeframe.

UBE Group views Climate Change as a serious urgent issue as well as the risk threatening UBE’ s sustainable business operations. With this SBTi validation, UBE Group will make further efforts to cut GHG emissions throughout the entire value chains.

Overview of near-term science-based targets.

UBE Corporation has submitted two near-term targets for review by the SBTi. All targets have been assessed against the SBTi’s quantitative and qualitative criteria, along with the Targets Validation Protocol. For approval, a company’s targets must comply with all applicable requirements. The following is an overview of the approved targets.

(*) from purchased goods and services, end-of-life treatment of sold products, and investments.

About the Science Based Targets initiative

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

URL:www.sciencebasedtargets.org

X (Formerly twitter): @sciencetargets

Words and definitions

  • Scope 1: Green House Gas (GHG) emissions from the company’s direct operations (**)
  • Scope 2: Indirect GHG emissions associated with the electricity or energy it buys for heating and cooling buildings.
  • Scope 3: All the emissions associated with company’s value chains, except the emissions from the company itself.

(**) Direct operations: all activities and sites (e.g., buildings, farms, mines, retail stores) over which the enterprise has operational or financial control. This includes majority-owned subsidiaries.

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