SBTi approves Teijin’s emission reduction targets

YarnsandFibers News Bureau 2021-11-26 13:41:11 – Japan

Japanese fiber company, Teijin Limited, said that the Science-Based Limits initiative (SBTi) has formally verified its new greenhouse gas emission targets as science-based targets (SBT) that keep global temperature rise well below two degrees Celsius. Teijin is the first company in the Japanese chemical industry to be awarded this honor.

Teijin stated in February 2021 that the company would be validated under SBT within two years, and it achieved this goal earlier than expected.

SBTi lays forth a clearly defined path for enterprises to future-proof their growth by stating how much and how soon they must reduce their greenhouse gas emissions. The goal is to contribute to the Paris Agreement's goal of keeping global temperature rise well below two degrees Celsius over pre-industrial levels, which is predicted to dramatically minimize climate change risks and impacts.

Teijin has set long-term targets such as achieving net-zero in-house emissions by fiscal 2050 and committing to making saved emissions from its products exceed total supply-chain emissions by fiscal 2030. Internal CO2 emissions must be reduced by 30%, up from the previous objective of 20%, and two-thirds of overall supply-chain emissions must be reduced by 15% by 2030, both in comparison to 2018 levels.

Teijin is producing solutions to help realize a more sustainable society in three important domains, as part of its long-term objective of being a firm that supports the society of the future which are environmental value; safety, security and disaster mitigation, and demographic change and increased health consciousness.

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