Addressing Decarbonization
CO2 emissions reduction targets and initiatives
We have set the following three CO2 emissions reduction targets to achieve by 2030.
Target① CO2 emissions from the LP gas industry/LPG Network Service
Our efficient LP gas operations reduce filling and delivery costs, as well as CO2 emissions per household for customers, by half compared to other companies’ conventional operations. We share these operations with other companies (LPG Network Service), thereby halving the industry’s overall CO2 emissions while earning service fees and contributing to the enhancement of corporate value.
Target② CO2 emissions per household
We will reduce CO2 emissions per household when using LP Gas and Electricity provided by NICIGAS, implementing measures in the supply chain, such as optimized energy use in each household and non-fossil electric power sources, including reduction of CO2 emissions through high-efficient LP gas operations.
We have concluded sustainability linked loan agreements with several financial institutions. These loans’ borrowing conditions, such as interest rates, vary depending on the achievement of pre-set ESG targets, and we have set “CO2 emissions per household” as a target.
Target③ Reduction contribution
By implementing reduction measures, we will reduce CO2 emissions. Furthermore, compared to the FY 2013 baseline used by the Japanese government for its target of 46% CO2 emissions reduction by 2030, our Group’s CO2 emissions are expected to be reduced by approx. 55%.
