—Regarding revision of the Fiscal 2030 Target of the Refined Oil Industry Voluntary Environmental Action Plan—
At the meeting of members held on October 16, the Japan Oilseed Processors Association revised the Fiscal 2030 Target of the Refined Oil Industry Voluntary Environmental Action Plan (The Commitment to a Low Carbon Society for the vegetable oils and fats manufacturing industry) that had been established in July 2004 in order to contribute to the prevention of global warming, and had been revised in May 2009. The revision was based on Japan’s Intended Nationally Determined Contribution (INDC).
October 16, 2018
Japan Oilseed Processors Association
The Commitment to a Low Carbon Society (Fiscal 2030 Target) for the vegetable oils and fats manufacturing industry
|1. 2030 reduction targets for domestic corporate activities||Target||CO2 emissions: Reduce by at least 6.5% compared to FY2013
CO2 emission intensity: Reduce by at least 6.5% compared to FY2013
|Basis for Setting||
Target business field:
Manufacturing of vegetable oil and related businesses
(1) Based on the Kyoto Protocol Target Achievement Plan (March 2008), the Association formulated the Refined Oil Industry Voluntary Environmental Action Plan in May 2009 with the average of the period from fiscal 2008 to 2012 used as the target fiscal year.
(2) Although the planning period has ended, for fiscal 2013 and beyond, the Association decided to follow this target level for the time being (fiscal 2020 target). (October 2013)
(3) In November 2014, the Association decided to extend this target level until fiscal 2030.
(4) Furthermore, the Association decided to change this level to the level of the Japan’s Intended Nationally Determined Contribution (INDC). (October 2018)
Benchmark year: Fiscal 2013
100% - 401 million tons (estimate for emissions amount in industrial sector in fiscal 2030)/429 million tons (actual results in industrial sector in benchmark year)
This change will be applied from fiscal 2019.
|2. Reductions in other sectors through low-carbon products, services, etc.||Overview/reduction contribution amount:|
|3. Contribution to reductions overseas||Overview/reduction contribution amount:|
|4. Development and introduction of innovative technology||Overview/reduction contribution amount:|
|5. Other initiatives and noteworthy items||CO2 emissions (fiscal 2030):
557,000 tons × (100% - 6.5%) = 521,000 tons or less
CO2 emission intensity (fiscal 2030):
0.266 × (100% - 6.5%) = 0.249 or less