Regarding the Adoption of Internal Carbon Pricing
- Sustainability
NIPPON SHOKUBAI CO., LTD. (Headquarters: Osaka, Japan, President: Kazuhiro Noda, hereinafter “Nippon Shokubai”) has adopted internal carbon pricing (ICP*) to promote low carbonization / decarbonization in corporate management on February 1, 2023.
ICP: A tool for creating economic incentives to reduce emissions and save energy, promoting low-carbon investment and encouraging climate change response by setting its own carbon price to calculate a cost of carbon emissions.
Outline of ICP
- ICP : ￥10,000 / t-CO2
- Method of application : The costs will be calculated using ICP based on a change of CO2 emissions and used as a criterion for investment decisions
Nippon Shokubai group are promoting Three transformations, “Business Transformation,” “Strategic Transformation for Environmental Initiatives,” and “Organizational Transformation,” toward realizing the Group’s Mission “TechnoAmenity.”
Nippon Shokubai group will accelerate “Strategic Transformation for Environmental Initiatives” by raising awareness of group’s commitment to decarbonization, promoting energy saving, and activating discussion about opportunities/risks concerning to CO2 emission reductions.