Realizing Zero Environmental Impact
In October 2020, Honda declared its pursuit of realizing carbon neutrality, and in April 2021 announced its aim to realize a recycling-oriented society with zero environmental impact, striving for carbon neutrality by 2050 through not only its products but throughout the entire product lifecycle including all corporate activities.
The concept behind this vision is to reduce carbon emissions based on the targets laid out in the
Paris Agreement to keep the temperature rise below 1.5ºC.
- Realizing carbon neutrality for all Honda products and corporate activities
- Leadership in realizing a carbon-free society
In order to make steady progress toward carbon neutrality by 2050, Honda has defined corresponding targets and has been promoting efforts accordingly. In the area of products, in addition to the respective ratios of electrified products for motorcycles, automobiles, and power products in global sales, Honda has selected another 2030 milestone concerning the reduction rate of CO2 emissions intensity from the use of its products.
In the area of corporate activities, Honda aims to reduce its total CO2 emissions by 46% from FY2020.
List of Targets
|Target Items||Targets for 2030||Targets for 2050|
|Reduction rate of total CO2 emissions from corporate activities (compared to FY2020)||46%||Net zero CO2 emissions|
|Sales ratio of electrified products||Motorcycles||15%|
|Reduction rate of CO2 emissions intensity of product use
(compared to FY2020)
|Reduction rate of total water intake in corporate activities (compared to BAU)||14.5%||Zero industrial water intake and industrial waste|
|Reduction rate of total waste generation in corporate activities (compared to BAU)||14.5%|
|Product resource circulation||(Set internal milestones)||100% use of sustainable materials|
Honda plans to realize its first carbon-neutral plant in FY2026 at the Saitama Factory’s assembly plant to achieve the 2050 carbon neutrality target.
Honda has started operating an internal carbon pricing (ICP) system from 2023 to further accelerate the reduction of CO2 emissions at its Japanese business sites. The carbon price is set at 15,000 yen per metric ton of CO2, and the amount of carbon reduction is converted into a monetary value that can be used as one of the factors when making capital investment decisions. The Company will continue to revise the system and apply it to its global sites in light of social conditions and internal performance.
There is more than one approach to the protection of the global environment, and efforts to maximize the use of renewable energy are also crucial. Recognizing that there are diverse approaches to reducing CO2 emissions, Honda has formulated a “multi-pathway” concept to proactively offer environmentally friendly products matched to each region.