Bando Group Sets Goal for Achieving Carbon Neutrality by 2050

Bando Chemical Industries, Ltd. (Headquarters: Kobe City, Hyogo Prefecture) has set a target to reduce the Bando Group's CO2 emissions from fuel use and electricity by 42% by fiscal year 2033 compared to fiscal year 2023, aiming to achieve carbon neutrality with virtually zero CO2 emissions for the Bando Group by 2050. Amidst a series of global abnormal weather events and large-scale natural disasters, responding to climate change has become a global challenge, increasing the importance of carbon neutrality initiatives. In fiscal year 2022, the company set a standalone target to reduce CO2 emissions by 38% by 2030 compared to fiscal year 2013 and has been promoting measures based on a roadmap. This new Bando Group CO2 emission reduction target has been set in line with the 1.5°C scenario based on the Paris Agreement. Moving forward, the company will steadily advance efforts to achieve the target in cooperation with each group company, through measures such as introducing solar power generation systems, updating to high-efficiency equipment, reducing energy loss, converting to new manufacturing methods, utilizing renewable energy, and fuel conversion.