Realizing a Decarbonized Society
Since the Industrial Revolution, rising emissions of CO2 and other greenhouse gases (GHGs) have contributed to global warming. The impact of global warming-driven climate change on people and ecosystems is expected to become increasingly severe, coming in such forms as more frequent heavy rains, flooding and other natural disasters, dwindling food and water resources, extreme heat, and outbreaks of infectious disease.
The Lion Group conducts businesses that utilize natural resources, such as palm oil and pulp and paper, and therefore recognizes global warming as major risk to its operations.
The Paris Agreement, aimed at mitigating climate change and transitioning to a low-carbon society, came into effect in 2016. The agreement includes the shared global long-term targets of limiting the average global temperature increase to well-below 2°C (the “well-below 2°C target”) and of pursuing efforts to limit the increase to 1.5°C. In support of the targets of the Paris Agreement, in July 2019, Lion set the long-term CO2 emissions reduction targets of a 30% reduction by 2030 compared with 2017 and net zero by 2050. In 2020, the Lion’s target was verified by the Science Based Targets (SBT) initiative as being aligned with the well-below 2°C target.
Furthermore, in May 2019, Lion endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Based on its Environmental Policy and the LION Eco Challenge 2050, the Lion Group strives to reduce GHG emissions in its business activities and to help reduce GHG emissions in society by providing environmentally friendly products and services. Through such efforts, we will contribute to the mitigation of climate change.