Response to Climate Change and Energy Issues

With the aim of achieving Net zero CO2 emissions and wholly deriving power from carbon-free energy sources in corporate activities by 2050, Honda is focusing on a reduction in energy consumption and CO2 emissions while giving consideration to the potential for expanding production and sales globally.

Toward the realization of these targets, Honda has been promoting the reduction of carbon emissions by making efforts in terms of increasing production efficiency, encouraging energy-saving initiatives, shifting to low-carbon energy sources and utilizing renewable energy. 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.

In deploying the technology built at the plant globally, the Company has built a mechanism for promoting information sharing among business sites and regions while at the same time enhancing technical support from Japan.In addition, Honda is actively introducing renewable energy around the world.

Honda preferentially adopts a method that can directly contribute to the reduction of CO2 in local communities. More specifically, the Company focuses on installing new power generation facilities, first examining the installation within its premises and then gradually expanding the scope to outside the premises for greater use of the facilities.

Honda’s business sites across the world used 1,498GWh of power derived from renewable energy sources, such as solar and wind, in FY2023. This is an increase of 694 GWh or 86% over the previous fiscal year. Going forward, Honda will continue to use renewable energy matched to local conditions, including plans to expand solar power generation system capacity to 20 MW at the Kumamoto Factory by 2030.

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