Fastener manufacturer YKK Corporation’s emissions reduction targets have been approved by the independent Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement – limiting global warming to well-below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit warming to 1.5 degrees Celsius.
With the goal of being carbon neutral by 2050, YKK Corporation’s target submission for scope 1 and 2 emissions is a reduction of absolute emissions 50% by 2030 from a 2018 base year. This exceeds the minimum ambition for 1.5 degrees Celsius pathway defined by the Absolute Contraction approach and is therefore considered ambitious by SBTi. Furthermore, YKK’s target submission for scope 3 emissions is a reduction of absolute emissions 30% by 2030 from a 2018 base year, which also exceeds the minimum ambition defined by the Absolute Contraction approach.
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets. YKK claims to currently be the only zipper manufacturer to have its emissions reduction targets approved by SBTi.
“YKK aims to be a company that grows sustainably with society,” said YKK Corporation president Hiroaki Otani. “That is why we have set ‘Better products at a lower cost and greater speed, more sustainably’ as our motto for the next four years. At the core of all our business activities is the ‘Cycle of Goodness’ corporate philosophy, which expresses YKK’s spirit of prospering together with all stakeholders. I believe this concept includes sustainability.”
YKK Corporation launched an experimental trial involving the use of an AI-powered ‘brain’ last month to visualise CO2 absorption at its Kurobe Manufacturing Center in Toyama.