Carbon Neutral Vision 2050
Declaration to Achieve Carbon Neutrality by 2050
Kyuden Group Will Endeavor to Achieve Carbon Neutrality by 2050
Starting from Kyushu, the Kyuden Group will lead the way to Japan's decarbonization
- Seeing responses to global warming as an opportunity for corporate growth, Kyuden Group will—as a frontrunner in carbon-reduction/decarbonization efforts-aspire to serve as an enterprise group that spearheads Japan's decarbonization initiatives from Kyushu.
- We will continuously work on "decarbonizing / lowering the carbon intensity of energy sources" and "promoting electrification". We consider these as fundamental strategies for clean energy supply and demand.
- A new Sustainability Promotion Committee, which is chaired by the president, will promote ESG-related measures and initiatives for becoming carbon neutral.
ACTION PLAN
Introduction
- The social changes brought about by Covid-19 and the trend towards carbon neutrality are major turning points for the Kyuden Group, being an energy provider. In particular, we consider global warming as a major and pressing issue and therefore reducing greenhouse gases (GHG) and other measures will be taken by the Kyuden Group.
- In the "Kyuden Group Carbon Neutral Vision 2050" formulated in April 2021, the Kyuden Group declared its commitment to the challenge of achieving carbon neutrality by 2050 by continuing to "lower the carbon intensity of or decarbonize energy sources" and "accelerate the shift toward electricity-based energy consumption" as the two pillars of its effort revolving around energy supply and demand, and it strives to become a corporate group that leads the way in Japan's decarbonizing initiatives from Kyushu.
- In order to make a significant contribution to the realization of a carbon-neutral society as the industry leader in low-carbon and decarbonization, the Kyuden Group has clarified its goal for 2050, revised its management objectives (environmental objectives) for 2030 upward by backcasting, and formulated an Action Plan that includes specific action plans for achieving these targets.
- The Kyuden Group considers carbon neutrality and other changes in the business environment as a transformative opportunity to achieve further corporate growth.
ACTION PLAN
Kyuden Group’s Goals for 2050
Kyuden Group will contribute to the realization of carbon neutrality in society by focusing on "reducing supply chain GHG emissions" and "contributing to the reduction of GHG emissions in society".
Reduce greenhouse gas (GHG) emissions from the entire supply chain to "virtually zero" during business activities.
- We set goals that were based on the Japanese government's 2030 GHG emission reduction goals and the importance of reducing GHG emissions throughout the entire supply chain during business activities.
- The reduction of GHG emissions in the entire supply chain is not limited to direct emissions from the use of fuel, but also includes indirect emissions from the procurement of raw materials, transportation and distribution, and disposal, etc.
- The term "virtually zero" means to reduce the total amount of GHG emissions, then offsetting the remaining amount through "absorption and removal". We will achieve "virtually zero" by utilizing CCS technology, etc.
We will contribute to the reduction of GHG emissions in society by promoting a shift to electricity-based energy consumption to the maximum extent possible, and providing a stable supply of environmentally-friendly energy, etc.
- We will contribute to reducing emissions in the non-power sector by promoting electrification as an energy company whose main business is the supply of electricity, and we will also contribute to reducing GHG emissions in diverse ways, such as by promoting renewable energy development outside Kyushu/overseas, and CO2 absorption through proper forest management, etc.
Through these efforts, the Kyuden group will achieve "carbon negativity" as early as possible before 2050.
- By reducing GHG emissions in society through the promotion of electrification and renewable energy development, we will create a reduction effect that exceeds the Kyuden Group's GHG emissions, thereby achieving "carbon negativity," which means that the GHG emissions of society as a whole from business activities will be reduced to a negative figure, as early as possible after 2050.
(Source) Created by Kyuden Group based on the Ministry of the Environment’s “Calculation of Supply Chain Emissions”
※GHG emissions are calculated for each of the 3 Scopes with differing emissions configurations, in compliance with the GHG protocol, which is the international standard regarding the calculation and reporting of GHG emissions.
ACTION PLAN
Management Objectives for 2030（Environmental objectives）
In order to achieve a higher level of carbon neutrality, we have revised upward our management objective (environmental objective) for 2030 as a target for both energy supply and demand (supply side/ demand side).
- The supply-side objectives are to reduce GHG emitted through the Kyuden Group's business activities, in compliance with the GHG protocol, which is the international standard. We will reduce emissions by 60% compared to FY2013 for Scope 1 + 2 + 3, including a 65% reduction in domestic operations. The 65% reduction in domestic operations is significantly higher than the Japanese government‘s target of a 46% reduction in GHG emissions (compared to FY2013).
- The demand-side objectives are to increase the electrification rate in Kyushu, as an energy provider with a presence in the region. We contribute to achieve an electrification rate of 100% in the household and commercial sectors by 2050, and to contribute to achieving 70% in the household sector and 60% in the commercial sector by 2030.
VISION
Kyuden Group’s vision of carbon neutrality
Conceptual image Decarbonization of power sources (supply side)
Renewable energies + power storage
- Promotion of renewable energy development
- Integrated management technology for distributed energy resources Move toward renewables as primary power sources
Nuclear energy
- Improving the capacity factor
- Investigating next-generation light-water reactors, SMRs (Small Modular Reactors), high-temperature gas-cooled reactors, etc.
- Considering hydrogen production
Thermal power + New technologies
- Improving efficiency
- Investigating hydrogen / ammonia production and co-firing
- Considering the application of CCUS*/Carbon recycling technology
*CO2capture, utilization and storage
Promotion of electrification (demand side)
Electrification in various sectors
- Promoting all-electric homes and electrification for air-conditioning, hot water systems and kitchen equipment at commercial facilities (residential and commercial sectors)
- Researching technology behind heat conversion devices and promoting electrification to meet heat demand for a wide range of temperatures (industrial sectors)
- Offering businesses and services to encourage the spread of EVs (transport sector)
- Investigating into the business potential of hydrogen supplies, etc.
Regional energy
- Contributing to building a regional energy system
- Boosting the added value offered by cities and local communities
Grid
- Wide-area operation of the power transmission and distribution network
- Developing advanced technologies for supply-demand management and grid stabilization
