Net-zero target for 2050 and 1.5°C-aligned targets for 2030 approved by SBTi

Tokyo – TOPPAN Holdings Inc. (TOPPAN Holdings) has received new Net-Zero Target validation from the Science Based Targets initiative (SBTi) for the TOPPAN Group’s greenhouse gas (GHG) emission reduction targets for the entire value chain, including Scope 1, 2, and 3 emissions.

The SBTi is an international organization that encourages companies to set ambitious GHG emission reduction targets in line with the latest climate science to achieve a society with net-zero GHG emissions. The SBTi verifies and validates that emission reduction targets set by companies are based on scientific evidence and consistent with the levels of the Paris Agreement.

The TOPPAN Group obtained SBT approval in 2019 and 2022, but in 2023 revised the TOPPAN Group Environmental Vision 2050 and the TOPPAN Group Medium-and-Long-Term Environmental Targets for Fiscal 2030 by expanding the scope and setting more ambitious targets. The new SBT approval validates that the revised long-term and short-term targets are net-zero targets that are science based and consistent with the levels for the 1.5? threshold¹ targeted by the Paris Agreement.

Aiming for a net-zero society, the TOPPAN Group will continue to drive efforts to shape a sustainable society and enhance corporate value as a leader in providing solutions to social issues worldwide through digital transformation and sustainable transformation.

1. The level of GHG emission reduction to limit global warming to below 1.5? above pre-industrial levels, as agreed at COP21. This forms the basis of the need to achieve net-zero by around 2050.