KWE Group Sets Mid- to Long-Term Goals for Reducing KWE Group's CO₂ Emissions and Submits SBTi Commitment Letter

TOKYO, August 21, 2023 (Newswire.com) - Kintetsu World Express, Inc. is pleased to announce that the KWE Group has set near- and long-term CO₂ emission reduction targets in line with the Paris Agreement 1.5°C goal. On Aug. 10, KWE Group submitted a commitment letter to the Science Based Targets initiative (SBTi)¹ for validation of its science-based targets² based on the Paris Agreement goal for reduction of greenhouse gas emissions.

KWE Group CO₂ Reduction Targets

2030
35% reduction from FY2022 (Scope 1 and 2)

2050
Carbon neutrality (Scope 1 and 2)

KWE Group has identified emissions (reduction of CO₂ emissions to address climate change) and energy (promotion of the use of clean energy) as material topics for corporate sustainability. KWE Group has been moving ahead on a number of initiatives, including switching to LED lighting and electric forklifts, purchasing non-fossil fuel energy certificates for 100% renewable energy use in Japan, as well as participating in airline SAF programs.

Aiming now for validation of its SBT targets in line with the Paris Agreement 1.5°C goal, KWE Group will continue to actively work to reduce its CO₂ emissions in order to help create a sustainable society, support the company's ongoing growth, and increase corporate value.

_{¹ Science Based Targets initiative: A collaboration between the World Wide Fund for Nature (WWF), CDP, World Resources Institute (WRI), and the United Nations Global Compact (UNGC).
² Science-based targets: Greenhouse gas reduction targets set by enterprises for the next five to 10 years, in line with the level required by the Paris Agreement.}

About Kintetsu World Express

Kintetsu World Express is a leading provider of distribution services across the globe, including international air and sea freight forwarding, third-party logistics (3PL), warehousing, truck transportation services, and customs brokerage.

Source: Kintetsu World Express, Inc.