SoftBank Group Corp. Sets Group Target “Achieving Carbon Neutrality by Fiscal 2030”
The SoftBank Group to reduce the greenhouse gas emissions to virtually zero by fiscal 2030
SoftBank Group Corp. ("SBG") announced that it has set a group target of "Achieving Carbon Neutrality by fiscal 2030," to reduce greenhouse gas emissions from business activities of the SoftBank Group (the “Group”)*1 to virtually zero by fiscal 2030, with the aim of realizing a decarbonized society.
On a non-consolidated basis, SBG has achieved Carbon Neutrality*2 in fiscal 2020 and 2021 and has set its course to go Carbon Neutral continuously. In addition, SBG’s major subsidiaries, namely SoftBank Corp., Z Holdings Corporation, Yahoo Japan Corporation, and Arm Limited have also set their own targets regarding greenhouse gas emission reduction or renewable electricity introduction, undertaking various initiatives toward decarbonization. With the new group target in place, SBG seeks to accelerate decarbonization efforts by teaming up with more companies within the Group.
The majority of the Group’s greenhouse gas emissions come from the use of electricity. Therefore, as a step forward to achieve Carbon Neutrality, the Group mainly focuses on a shift to electricity generated from renewable energy sources. Meanwhile, energy-saving measures utilizing IoT are also implemented at the head office building and data centers.
Targets on greenhouse gas emission reduction and renewable electricity introduction and progress in fiscal 2021 at SBG and its representative major subsidiaries
| Target | Progress in fiscal 2021 | |
|---|---|---|
| SoftBank Group Corp. | Achieved Carbon Neutrality*2 in fiscal 2020 and fiscal 2021 | |
| SoftBank Corp. | Achieve Carbon Neutrality*2 by fiscal 2030 | 50% shift to renewable electricity*3 at base stations |
| Z Holdings Corporation | Achieve Carbon Neutrality*2 for the entire Z Holdings Corporation Group by fiscal 2030 | Set greenhouse gas reduction milestones at its major subsidiaries |
| Yahoo Japan Corporation | 100% shift to renewable electricity by fiscal 2023 | Introduction of renewable electricity that complies with RE100*4 in May 2021 |
| Arm Limited | ・100% shift to renewable electricity by 2023
・Achieve Net Zero Carbon*5 by 2030 | 95% shift to renewable electricity expected |
Under the new group target of "Achieving Carbon Neutrality by fiscal 2030," the SoftBank Group will address greenhouse gas emission reduction as its shared effort to contribute to the realization of a decarbonized society, and will continue to strengthen its ESG initiatives with the aim of enhancing sustainability and corporate value.
For more information on the SoftBank Group’s ESG initiatives, please visit:
Greenhouse gas emissions (Scope 1 and Scope 2) from business activities by SBG and its major subsidiaries which are, in principle, in accordance with the "Major subsidiaries” in the Annual Report but there are some exceptions due to regulatory reasons
Covers Scope 1 and Scope 2
Effectively renewable electricity using non-fossil certificates with renewable energy designation
RE100 is a global initiative that aims to provide 100% of the electricity used in business activities from renewable energy sources
Covers Scope 1, Scope 2, and Scope 3
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