Brother Group revises resource circulation targets
February 15, 2022
Brother Industries, Ltd. announced that it has revised the resource circulation targets of the “Brother Group Environmental Vision 2050,” the environmental goals for FY2050.
Under the new targets, quantitative goals have been set to reduce the ratio of virgin materials used in products, including packaging materials, to 65% or less by FY2030 through the expansion of circular-economy-based business and materials recycling and expansion of subscription-based businesses.
In the Brother Group Global Charter, which is the foundation of all global operations, the Brother Group pledges to make positive and continuous efforts to address global environmental issues in all aspects of its corporate activities in order to build a society where sustainable development is achieved.
In addition, the Group established the Brother Group Environmental Vision 2050 in 2018 as the Brother Group’s environmental goals to contribute to solving environmental issues on a global scale, and also set the medium-term targets for FY2030 as milestones for the Vision.
In the same year, the Brother Group’s CO2 emission reduction target was recognised by the Science Based Targets initiative as a science-based emission reduction target for achieving the 2°C target of the Paris Agreement. And in 2020, the Group expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), an international framework that encourages analysis and disclosure of financial impacts of climate change.
Furthermore, the Group has expressed its commitment to contributing to the creation of a decarbonised society by revising its CO2 emission reduction targets in 2021 and is aiming to become carbon neutral in all business activities and minimise CO2 emissions throughout the value chain by FY2050.
To mark the completion of a new environmentally friendly office building to be constructed at Mizuho Factory, the Group’s Head Office is planning to achieve carbon neutrality by the end of FY2026 as a part of this contribution.
The Group has revised the “Resource Circulation” part formulated in 2018 and has set specific quantitative targets. The Brother Group aims to reduce the ratio of virgin materials used in products group-wide, including packaging materials, to 65% or less by FY2030 through the expansion of circular-economy-based businesses and materials recycling. In the future, Brother said it will continue its efforts to reduce the use of virgin materials by providing maintenance and reusing products to allow products to be used longer than before, and using recycled materials in products as much as possible, through the expansion of subscription-based businesses that connect customers and Brother.
Categories : Around the Industry
Tags : Brother Circular economy Environmental Vision Sustainability
