Up to the present, Murata has established its own standards for capital investment related to energy conservation, and we have responded to the issue of climate change by actively conducting capital investment to allow us to save energy.
We obtain third-party certification of our greenhouse gas (GHG*1) emissions and proactively disclose information, by which we receive high evaluations from outside the company, such as in the CDP*2 climate change survey.
However, in addition to increased production as a result of the recent expansion of our business, plural M&As and the development of new businesses have caused a rapid increase in our emissions of greenhouse gases. In order to both halt this increase and reduce our emissions, we are continually carrying out energy-saving initiatives, centered on a Committee on Global Warming Prevention that is chaired by one of our Directors, to achieve our greenhouse gas reduction goals based on the SBT*3 concept.
In addition, we are supplementing our existing capital investment-based approach to energy conservation by beginning to optimize our use of energy during production through the creation of new energy management systems that incorporate Murata sensing and IoT technologies.
We also participate in the Japan Climate Leaders Partnership, an organization that is ambitiously addressing the issue of climate change in Japan. In addition to making use of knowledge from outside the company to assist us in speeding up our own initiatives, we are also examining the possibility of cooperating with other participating companies to launch projects that will contribute to climate change initiatives globally.