TOKYO, JAPAN — April 23, 2021 — As a member of the Japan Climate Initiative (JCI), DIC Corporation announced today that it has endorsed the message released by the JCI titled “Calling for an Ambitious 2030 Target for Japan to Realize the Paris Agreement Goal.” This message urges the Japanese government to set an ambitious nationally determined contribution (NDC) target for the country for 2030—namely, a reduction in greenhouse gas emissions of 45% or more and an increase in renewable energy used of between 40% and 50%—to help ensure achievement of the long-term temperature goal of the Paris Agreement. Information on the JCI’s message can be found here.

The DIC Group is promoting environmental, social and governance (ESG) management as a core theme of its DIC111 medium-term management plan, setting key targets and hastening related efforts. Having identified “response to climate change” as an environmental issue identified of material importance, that is, of having the potential to significantly impact its medium- to long-term performance, the DIC Group has set a global CO2 emissions reduction target of 30% from the fiscal year 2013 level by fiscal year 2030. The Group has also set forth a long-term vision for achieving carbon neutrality by 2050.

The JCI message calls for Japan to help avoid a climate crisis by strengthening its emissions reduction target to a level that is both appropriate given Japan’s role and responsibility as a developed economy and more aligned with targets set by the European Union and the United States. Japan’s ability to meet such a target will depend not only on independent efforts by companies, municipalities and other organizations, but also on comprehensive undertakings that transcend the traditional boundaries separating such non-state actors. Determined to step up its own efforts to promote decarbonization, DIC resolved to endorse the JCI’s message.

DIC Corporation is the core of the DIC Group, a multinational organization comprising over 170 companies around the globe. Guided by its “Color & Comfort” brand slogan, the Group will continue to promote ESG initiatives tied to its business activities and to enhance disclosure, as well as maintain an accurate grasp of related social imperatives with the aim of contributing to sustainability for society.