ESPEC CORP. (Head office: Kita-ku, Osaka City; Representative Director and President: Satoshi Arata) has formulated the 8th Medium-Term Pladen on the Environment (FY2022-FY2025) as a strategy to strengthen its management base under the "Progressive Plan 2025"--the medium-term management plan that kicked off this year--and has begun working toward achieving the company's FY2025 environment targets.

The 8th Medium-Term Plan on the Environment includes increased efforts toward combating global warming and conserving biodiversity based on a basic policy of "Contributing through business with customers involved with developing green technologies."
In terms of goals for the 8th Medium-Term Plan on the Environment, the long-term goal is to reduce greenhouse gas emissions by 60% of FY2019 levels for SCOPE 1+2 (in-house emissions) and 30% for SCOPE 3 (indirect emissions) by FY2030 and with appropriate interim goals included.
Specifically, ESPEC aims to reduce greenhouse gas emissions by 55% for SCOPE 1+2 (in-house emissions) and 10% for SCOPE 3 (indirect emissions) by FY2025 compared to FY2019 levels. The plan also includes biodiversity preservation goals of planting 50,000 trees through environmental preservation business and a fixed CO2 contribution of 95 tons (cumulative total).
Major initiatives include adopting refrigerants with a low GWP (global warming potential) and developing energy-saving, environmentally friendly products. The plan also calls for contributing to biodiversity preservation through environmental preservation business and for starting new forestation efforts through the operation of a "Corporate Forest" in Sanda, Hyogo.

Under the 8th Medium-Term Plan on the Environment, ESPEC is committed to reducing its environmental load and adopting environmental preservation activities in addition to promoting business activities toward a sustainable society.

Long-Term Environment Targets

■Environment targets for FY2030

・Reduce greenhouse gas emissions by 60% for SCOPE 1+2 and 30% for SCOPE 3 (compared with FY2019 levels)

Outline of the 8th Medium-Term Plan on the Environment (FY2022-FY2025)

■Basic Policy

Make contributions through business to customers who are developing green technology

■Environment Targets for FY2025

・Reduce greenhouse gas emissions by 55% for SCOPE 1+2 and 10% for SCOPE 3 (compared with FY2019 levels)
・Contribution of 95t (total) of carbon fixation through 50,000 trees planted by ESPEC MIC Corp.
・Biodiversity conservation activities through a Corporate Forest in Sanda City, Hyogo Prefecture

■Main Initiatives

Global warming countermeasure
・Adopt low-GWP (global warming potential) refrigerants and develop energy-saving and environmentally friendly products
・Promote cooperative activities with business partners
・Reduce CO2 emissions in business activities (Increase in-house power generation rates, introduce renewable energy, etc.)

Preserving Biodiversity
・Promote forestation activities through environmental preservation business
・Operate the "Corporate Forest" in Sanda, Hyogo
・Further develop human resources through environmental education at ESPEC Green School

Contact Details:

Sustainability Management Department ESPEC CORP.

E-MAIL:ir-div@espec.jp