Sharp recognises the material effects of climate change in relation to its business.
Extreme weather in recent years, presumably attributable to climate change, has led to an increasing number of natural disasters throughout the world. In particular, typhoons, hurricanes, torrential rains, and floods can cause devastating damage to people’s lives and businesses.
Research shows the primary cause of climate change to be global warming resulting from the increasing concentrations of CO2 and other greenhouse gases (GHGs) on the Earth.
Sharp's initiatives for clean energy
Against this background, the Paris Agreement came into force in November 2016, setting the target of keeping the global temperature rise to less than two degrees above pre-industrial levels and calling for further efforts to limit warming to no more than one point five degrees. The agreement even stipulates reducing GHG emissions to essentially zero by the second half of this century.
To support these GHG emission reductions, we announced Sharp Eco Vision 2050. This long-term environmental vision sets out two key sustainable development goals to reach by 2050; to create more clean energy than the total amount of energy consumed in Sharp’s entire supply chain, and achieve net-zero CO2 emissions in Sharp's business activities. We have already embarked on initiatives to achieve them.
We are preparing to disclose climate-related information according to recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB).