AGC : Receives Certification from SBTi for its “WB2°C” GHG Reduction Target

SBTi is an international initiative that promotes, reviews and certifies the setting of science based GHG emission reduction targets for companies in order to achieve the Paris Agreement goal of limiting the increase in global average temperature to less than 2°C above pre-industrial levels.

The AGC Groupannouncedits GHG emissions reduction target by 2030 in its long-term management strategy Vision 2030 formulated in 2021. Furthermore in 2022, the Group announced a 30% reduction (versus 2019) by 2030 as its Scope 3 GHG emissions reduction target in the value chain. These goals were certified as science based goals to limit the global average temperature increase from pre-industrial times to well below 2°C, and were thus certified as "WB2°C".

●SBT-certified GHG emissions reduction targets for the AGC Group

Scope of emissions	Scope definition	2030 target (versus 2019)
Scope 1	Direct GHG emissions by companies	Reduce GHG emissions by 30% (Scope 1+2)
Scope 2	Indirect emissions from the use of electricity, heat and steam supplied by other companies
Scope 3	Indirect emissions other than Scope 1 and 2 (Emissions by other companies related to business activities)	Reduce GHG emissions by 30% (within Scope 3, emissions from the purchase of products and services as well as from the processing, use, and disposal of products sold)
		2027 target
		30% of the Group's major suppliers have set GHG emissions reduction targets (Category 1 and 3, covering GHG emissions from purchased products and services and from fuel and energy activities not included in Scope 1 and 2).

The AGC Group will realize its Vision 2030 through portfolio transformation and the pursuit of sustainability management and contribute to the realization of a sustainable global environment through the creation of social and economic value.

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