Reports on activities contributing to a sustainable society
5 October 2020
"Sustainability Report 2020"
Daikin Industries, Ltd. has released its English edition of Sustainability Report 2020, which is currently available on the company website.
The report summarizes the basic approach of the Daikin Group for contributing to the realization of a sustainable society through its business along with fiscal 2019 results and future plans.
Accompanying economic development in emerging countries, demand for global air conditioners in 2050 is projected to be more than triple the current amount.1 Additionally, the impact of the COVID-19 pandemic has further increased interest in such issues as air quality, ventilation, and air purification. In responding both quantitatively and qualitatively to growing needs, Daikin believes that its social mission is to provide safe and healthy air environments to the world while mitigating the effects of global warming to the greatest extent possible.
In this report, the Daikin Group sets forth its position and approach to formulating and implementing specific targets and measures as it aims to achieve net zero greenhouse gas emissions toward realization of its Environmental Vision for 2050, which was formulated in 2018. Furthermore, as information disclosure has become increasingly more important, Daikin discloses the status of its initiatives for "governance," "risk management," "strategy" and "metrics and targets" relating to climate change in accordance with TCFD2 recommendations.
This report presents the approach and examples of Daikin Industries toward social issues from among major CSR themes concerning the "environment," "new value creation," "customer satisfaction," and "human resources."
This feature describes the example of Daikin developing the first air conditioner subscription business in the developing country of the United Republic of Tanzania. Development is being performed in collaborative creation with WASSHA Inc., a startup business involved in the electricity business for non-electrified areas. By uniting Daikin's energy-saving technologies and WASSHA's business model, the challenges of such barriers as high electrical bills and high price of purchasing air conditioners are being overcome. The new initiative delivers the value provision of air conditioning.
The tri-fold pamphlet offers an easy-to-understand explanation of inverter technology and promotion of low-GWP refrigeration, areas Daikin has especially focused its energies in aiming to strike a balance between resolving social issues related to air and the environment and promoting business growth of the company.
In 2016, Daikin formulated its CSR Action Plan 2020 and established quantitative targets and indexes toward achievement of its key CSR themes for 2020. Since then, the company has annually managed progress for each theme and steadily promoted transparent and sincere corporate action.
Based on Key Themes
|2020 Targets When Formulating CSR Action Plan 2020||Fiscal 2019 Achievements|
|Contribute to reducing greenhouse gas emissions||60 million tons-CO2 reduction of greenhouse gas emissions by promoting adoption of environmentally- conscious products3||68 million t-CO2 reduction of greenhouse gas emissions by promoting the worldwide adoption of environmentally- conscious products / 97% of sales volume of residential-use air conditioners are environmentally- conscious products|
|Reduce greenhouse gases during development and production||70% reduction over fiscal 2005
(reduced to 1.58 million tons-CO2)
|76% reduction over fiscal 2005
(reduced to 1.28 million tons-CO2)
To view Daikin Sustainability Report 2020, access the Daikin Industries, Ltd. website. https://www.daikin.com/csr/report/
At the end of October, Daikin plans to provide ESG information disclosure by providing comprehensive information at URL https://www.daikin.com/csr/index.html.
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