Edison, NJ – Fuji Electric Co., Ltd. (“FE”), headquartered in Tokyo, Japan, led by President Michihiro Kitazawa, is pleased to announce that it has formulated initiatives for SDGs*1 to contribute to achieving a sustainable society as well as a new policy called Environmental Vision 2050.
*1: Sustainable Development Goals. A set of international development goals from 2016 to 2030, adopted by the UN Sustainable Development Summit
- Fuji Electric’s Vision
The Sustainable Development Goals (SDGs) and the Paris Agreement*2 have been adopted by the international community, and so, as members of society, companies are also expected to take positive action to both achieve economic growth and resolve social and environmental issues.
It is part of FE’s Corporate Philosophy to contribute to prosperity, encourage creativity, and seek harmony with the environment, and part of its Management Policy to contribute to the creation of responsible and sustainable societies through the energy and environment businesses. FE hopes to contribute to achieving the SDGs by carrying out its Corporate Philosophy and Management Policy.
In the aim of solving environmental issues, FE has formulated a policy called Environmental Vision 2050, which is based on legislation such as the Plan for Global Warming Countermeasures decided by the Japanese cabinet, which itself is based on the Paris Agreement. The policy consists of three goals: achieving “Low-Carbon Society”, “Recycling-Oriented Society”, and “Society that is in Harmony with Nature”.
In line with these efforts, FE has also taken this opportunity to revise its Codes of Conduct, which serve as its employee code of conduct. These documents clearly lay out how FE will work to solve social and environmental issues across the company-wide supply chain and contribute to achieving the SDGs through its corporate activities.
*2: An international framework for the prevention of global warming
1) Initiatives for SDGs
With the intent of having its overall corporate activities work toward achieving the SDGs, FE has organized the relationships between its corporate activities and 17 of the SDGs and determined its priority SDGs. In the future, FE will disclose the initiatives from the economic, social, and environmental aspects externally.
■ Priority SDGs of Focus for FE’s Business Activities
2) Environmental Vision 2050
FE positions environmental conservation initiatives as one of its key management issues. It formulated Environmental Vision 2020 in 2009 and has been promoting the reduction of the environmental burden with initiatives to reduce the CO2 emissions during production and through energy-saving products.
In line with the Paris Agreement and the Plan for Global Warming Countermeasures decided by the Japanese cabinet, Environmental Vision 2050 aims to contribute to achieving “Low-Carbon Society”, “Recycling-Oriented Society”, and “Society that is in Harmony with Nature” throughout its entire supply chain. In reducing emissions of greenhouse gases, FE is not only reducing the amount of greenhouse gases emitted through its production, but also has set the goal of reducing the CO2 emissions through its products by FY2030. All of its corporate activities are working toward these targets.