Fuel for Thought

Yokogawa Announces Sustainability Goals for 2050

Aug 17 2017 Read 732 Times

Yokogawa Electric Corporation has announced the development of their sustainability goals for the year 2050 that will guide its contribution to making the world a better place for future generations, in keeping with the Paris Agreement, which was adopted in 2015 by the 21st Framework Convention on Climate Change to provide a basis for global efforts to tackle issues related to climate change. The agreement calls for the realization of net-zero greenhouse gas emissions by the second half of this century. 2015 was also the year that the United Nations adopted the 2030 Agenda for Sustainable Development centering on the Sustainable Development Goals (SDGs). Through these initiatives, global consensus on how to address these issues is emerging and the course of action that companies should take is becoming clear.

Yokogawa’s initiative to achieve sustainability and evolve a brighter future for all is built on the company’s corporate philosophy, which states: “As a company, our goal is to contribute to society through broad-ranging activities in the areas of measurement, control, and information. Individually, we aim to combine good citizenship with the courage to innovate.” To accomplish an adaptable response to environmental and technological changes and drive its long-term efforts to address social issues, Yokogawa is committing itself to achieving goals that are based on a desire of where our society should be by 2050. Through selection of products and solutions and formulation of medium-term business plans and stratagem that are founded on environmental, economic, and societal considerations, Yokogawa will work through the many tasks required to achieve these goals.

Discussing the new initiative, Takashi Nishijima, Yokogawa President and CEO, said, “Companies have a growing responsibility to respond to issues such as population growth and the rising use of fossil fuels that are addressed in the Paris Agreement and the SDGs. Yokogawa provides solutions that improve the stability, efficiency, and safety of operations at industrial plants and other infrastructure facilities by, for example, speeding up processes, reducing workloads, and saving energy. Yokogawa needs to work harder to broaden its solutions so that it can address other issues that impact our society. Yokogawa will establish key performance indicators (KPIs) to evaluate on a medium-term basis the achievement of its sustainability goals, and will continue to create new value through co-innovation with its stakeholders.”

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