Formulation of the “Furukawa Electric Group Environmental Vision 2050”

Furukawa Electric Co., Ltd. (Head Office: 2-2-3 Marunouchi, Chiyoda-ku, Tokyo; President: Keiichi Kobayashi) has formulated the “Furukawa Electric Group Environmental Vision 2050,” looking ahead to 2050.

Furukawa Electric Group established the “Furukawa Electric Group Vision 2030” (in order to build a sustainable world and make people’s life safe, peaceful and rewarding, Furukawa Electric Group will create solutions for the new generation of global infrastructure combining information, energy and mobility) and is promoting ESG management aimed at increasing medium to long-term corporate value centered on ESG (Environment, Social, and corporate Governance) under this corporate philosophy: “Drawing on more than a century of expertise in the development and fabrication of advanced materials, we will contribute to the realization of a sustainable society through continuous technological innovation.” After establishing “Environmental Targets 2030” in 2019, we expressed support for the recommendations of the “Task Force on Climate-related Financial Disclosures (TCFD)” in January 2020, and were selected as a “Climate Change A List” company, the highest ranking, by CDP, an international environmental NGO, in December last year.
Furukawa Electric Group feels strongly that it is no longer possible to overlook the problems of the intensification of abnormal weather due to climate change and marine plastics of recent years and that we also need to strengthen our efforts further. In relation to the environmental area in particular, we reached the conclusion that an environmental vision looking ahead to 2050 was required in order to take measures aimed at awareness of ultra-long-term issues and their resolution from 2030 on.
With the “Furukawa Electric Group Environmental Vision 2050,” we will continue the measures based on “Environmental Targets 2030” and strengthen the “creation of environmentally-friendly businesses” and the “development of business activities that consider climate change,” important management issues (materiality) in the “Furukawa Electric Group Vision 2030.”

In addition to energy-saving activities at works and plants, we are promoting the use of renewable energy such as the hydropower that we have been using for a century and solar power generation throughout the group both in Japan and overseas. We are advancing the transition to renewable energy including the installation of solar power generation facilities at Furukawa Electric’s Copper Foil Division in Japan and some of the Furukawa Electric Group’s manufacturing bases in Mexico, China and India, and using electricity derived from geothermal power generation at the Furukawa Electric Group’s manufacturing base in the Philippines.
Throughout the group, we are working on the development of technology and business that will solve the problem of global warming due to carbon dioxide based on the development of technology that applies core technologies in metals and polymers to secure carbon. We will aim from now on to increase the use of recycled materials such as metals and plastics, and to reduce greenhouse gases throughout our value chain.

We will increase our reuse of water in manufacturing processes, promote the reuse, etc., of metals including copper, the main resource of the Furukawa Electric Group, and contribute to resolution of the problems of marine plastics and resource depletion. In addition, we are using technologies that reuse disposable plastics in reinforced plastics that apply Furukawa Electric’s core technologies in polymers, and will work in future on the use of plastic rubbish, which is difficult to recycle.

We conduct management of chemical substances, etc., that is also considerate of the impacts on ecosystems throughout our supply chain, from the procurement of materials to product manufacturing and the provision of products and services. We will contribute to the realization of a sustainable society that co-exists with the natural environment through the provision of environmentally friendly products and services, including the use of plastic rubbish, which is difficult to recycle.