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.
In addition, we also receive evaluations from outside the company. We obtain third-party certification of our greenhouse gas emissions and proactively disclose information, which has earned us an A- rating in the CDP (*1) climate change survey.
However, in addition to increased production as a result of recent expansion of our business, large-scale mergers and acquisitions and the development of new businesses caused a rapid increase in our emissions of greenhouse gases in fiscal 2017. In order to both halt this increase and reduce our emissions, we have formed a Special Committee on Global Warming Prevention that is chaired by one of our Directors, and established long-term visions for 2030 and 2050 based on the SBT (*2) 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.
*1 CDP: Carbon Disclosure Project. An international non-governmental organization (NGO) that surveys and evaluates the environmental initiatives of entities such as companies and cities, and publishes the results.
*2 SBT: Science-based targets. Quantitatively-derived scientific targets established in relation to long-term scenarios for the reduction of greenhouse gases.