Press Release Summary: Panasonic Automotive Systems Achieves SBTi Validation
Location: Yokohama, Japan
Date: September 8, 2026
Panasonic Automotive Systems Co., Ltd. announced that it has received validation from the Science Based Targets initiative (SBTi) for its greenhouse gas (GHG) emissions reduction targets. These targets are aligned with global efforts to limit warming to 1.5°C.
Key Highlights:
- Targets Validated:
- Near-term (by FY2035):
- Reduce Scope 1 and 2 GHG emissions by 63% from FY2024.
- Achieve 100% renewable electricity sourcing by FY2030, maintaining through FY2035.
- Reduce Scope 3 emissions (Category 1 and 11) by 37.5% from FY2024.
- Long-term (by FY2050):
- Reduce Scope 1 and 2 emissions by 90% from FY2024.
- Reduce Scope 3 emissions (Category 1 and 11) by 90% from FY2024.
- Achieve net-zero GHG emissions across the value chain by FY2050.
- Near-term (by FY2035):
Company Commitment:
Panasonic views climate change as a key management issue and is focused on energy conservation and renewable energy. Since 2023, it has maintained net-zero CO2 emissions at major sites worldwide.
Future Initiatives:
To achieve these validated targets, Panasonic plans to enhance energy conservation, expand renewable energy use, promote low-carbon products, and strengthen supplier collaborations, contributing to a sustainable mobility society.
Company Overview:
Panasonic Automotive Systems is a Tier 1 provider for automakers, delivering advanced technologies and aiming to become the “Joy in Motion” design company. A name change to Mobitera Inc. will take effect on April 1, 2027.
Learn More: Panasonic Automotive
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