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Panasonic Exceeds CO2 Reduction Targets

Panasonic announced yesterday that it has exceeded its 2009 targets for reducing CO2 emissions in its European manufacturing operations. The company had targeted a 10 percent reduction in emissions, or 6,000 tons, but exceeded this goal by achieving a reduction of 34 percent, or 21,400 tons, according to a company press release.

Meanwhile, the company also succeeded in reducing its CO2 emissions in the Asia Pacific region over a three year period. Panasonic reduced CO2 emissions by 37.2 percent, above the targeted reduction of 30.8 percent, from April 2007 to March 2010.

The company has set targets to reduce its CO2 emissions in its production activities by 300,000 tons on a global basis by FY 2010, in comparison to the FY 2007 level.

The company also established three model ‘eco ideas’ factories in Asia that use sustainable industry practices and place greater emphasis on energy efficiency, waste management and recycling.

The company also announced new sustainability targets for its Asia Pacific business. By March 2013, it plans to reduce its projected growth in CO2 emissions to 1 million tons from a projected 1.5 million tons for the region, and build four more model ‘eco ideas’ factories in the region. The company built its first “eco ideas” factory in 2008 at the Kusatsu Factory of Matsushita Home Appliances Company.

As previously reported, the electronics maker plans to invest $1 billion before 2012 to transition its principal business focus to equipping homes and buildings with solar power and energy saving technologies.

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