A leading global electronic components manufacturer has long been tracking and driving emission reductions for Scope 1 and 2 emissions from its day-to-day operation, and wanted to develop its greenhouse gas emissions inventory for Scope 3 emissions and set credible science-based emissions reduction target.
The company also wanted to understand the resilience of its assets and business strategies to climate change impact, and explore how it might take a more progressive approach to manage climate-related risks and opportunities.
The company, headquartered and publicly listed in Japan, is a leading electronic components innovator and manufacturer globally, with a workforce of 77,000, R&D centres and manufacturing facilities in over 100 locations around the world, as well as a complex global supply chain network and client markets.
Impact / The Sustainable Change
PIE worked with the company closely through a methodical emissions accounting and target-setting process to develop its GHG emissions inventory and near-term and long-term science-based emissions reduction targets, which successfully achieved approval and validation by the SBTi. PIE also provided a customised emissions consolidation tool for the company to continue to track its Scope 1, 2 and 3 emissions and disclose annually its progress in driving emissions reduction.
The company's CDP Climate scores improved from Level B to global A-List and is recognised as Supplier Engagement Leader over a two-year climate journey together. It also integrated TCFD aligned disclosure, with qualitative and quantitative financial impact, in its annual financial report.
Insights from the climate scenario analysis and investor research, supported by a strategic internal engagement programme, inspired the company to refresh investment, R&D and business strategy to be in tune with opportunities brought by climate change.
PIE's services
• Greenhouse gas emissions accounting to set a baseline Scope 1, 2, 3 emissions inventory • Setting science-based targets and managing validation process with SBTi • Climate scenario analysis to assess and stress test physical risks and transition impacts brought by climate change • Internal engagement to connect climate-related risks and opportunities to business priorities • Investor research to provide the intelligence to equip the company to turn climate change into an advantage in engagement with investors • Climate-related investor disclosure advisory: TCFD and CDP disclosure