NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri), has had its CO2 emission reduction targets for 2030 certified by the SBT Initiative ("SBTi)*1 as near-term Science-Based Targets ("SBTs").
SBTs are corporate greenhouse gas (GHG) emission reduction targets consistent with the Paris Agreement's goal of limiting global warming to within 1.5°C above pre-industrial temperatures, and SBTi is an international organization that reviews and certifies the scientific validity of these goals.
To realize its long-term vision of becoming a "logistics company with a strong presence in the global market," the NX Group has positioned a more robust response to climate change as one of its material issues and it has been working to reduce CO2 emissions in its businesses as well as creating products and services that help customers reduce their own CO2 emissions. In May 2023 the Group submitted a letter of commitment to the SBT Initiative (SBTi)*2 to obtain certification, after which the Group's efforts to set and achieve goals consistent with the 1.5℃ target were positively assessed and certified.
■NIPPON EXPRESS HOLDINGS greenhouse gas (GHG) emission reduction targets certified by SBTi
The Scope 1 and Scope 2 reduction targets certified by SBTi are equivalent to the previously stated 2030 reduction target of "cutting the NX Group's overall in-house CO2 emissions by 50% from 2013 levels".
The NX Group will continue practicing sustainability management from a long-term perspective and contributing to better lives for people and sustainable development for societies by addressing climate change through its businesses.
*1: The SBT Initiative (SBTi) is a joint initiative of the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) that encourages companies to set science-based greenhouse gas emission reduction targets in order to achieve the Paris Agreement targets.
*2: https://www.nipponexpress-holdings.com/en/press/2023/16-May-23-1.html
*3: Scope 1 refers to direct greenhouse gas emissions from in-house fuel use, etc., and Scope 2 refers to indirect greenhouse gas emissions from purchased electricity and heat.
*4: Scope 3 refers to indirect emissions other than Scope 1 and Scope 2.
*5: Category 4 refers to emissions from upstream transport and distribution, and covers consigned forwarding by the NX Group. Emissions associated with consigned forwarding have been re-classified from Category 1 to Category 4 following refinements of the Scope 3 calculation method and revisions to the coverage of calculation.
*6: Category 11 refers to emissions from the use of sold products, and has been newly included following revisions to the Scope 3 calculation method and coverage. The NX Group's Category 11 emissions from the use of sold fossil fuels were 5,530,747 t-CO2e in FY2022.
