The Brother Group Revises its Medium-Term Targets for FY2030 of the "Brother Group Environmental Vision 2050"

Brother Industries, Ltd. (Head Office: Nagoya; President: Kazufumi Ikeda) today announced that it has revised its medium-term targets for FY2030, set out in its Environment Vision 2050, regarding CO₂ emissions reduction and resource circulation.

Brother Group Environmental Vision 2050 (Text in bold show the revised parts)

Revised Content

1. "Scope 1" refers to direct greenhouse gas emissions from the activities of a company
2. "Scope 2" refers to indirect emissions from electricity, heat, and steam purchased and used by a company
3. "Scope 3" refers to all indirect emissions not covered by Scope 1 or Scope 2, produced by third parties for the purpose of a company's activities
4. CO₂ emissions produced when using purchased products and services, when using sold products, and when disposing of sold products
5. Achieve overall zero CO₂ emissions from the Brother Group (Scopes 1 and 2)
6. Scopes 1, 2, and 3
7. Includes packaging materials
8. Applies to Printing & Solutions Business
9. Applies to Printing & Solutions, Machinery, and Personal & Home Business

The medium-term target of reducing Scope 3 CO₂ emissions by 30% from the FY2015 level, which was established in 2018, was certified as a science-based target aligned with the Paris Agreement's "2°C target." In light of the urgent need for accelerated global action on climate change, we have revised this target to a 28.5% reduction from the FY2022 level, aligning it with the "Well Below 2°C target," which sets a stricter standard than the 2°C target.
Regarding resource circulation, we have been undertaking efforts the use of recycled materials and other initiatives to achieve the target of a "virgin materials ratio of 65% or less" in the Printing & Solutions (P&S) Business, the Machinery Business, and the Personal & Home (P&H) Business. As a result, the combined virgin materials ratio for the Machinery and P&H Businesses has been reduced to 65% or less. Moving forward, we will aim to reduce the absolute volume of virgin materials usage, ensuring a reduction in environmental impact, including Scope 3 CO₂ emissions and biodiversity conservation. To achieve this, we have revised our target for the P&S Business, which accounts for over 80% of the Group's total virgin materials usage, to reduce the amount of virgin materials used in its products, including packaging materials, by 25% compared to FY2022 levels.

Under "At your side 2030" the Brother Group Vision for FY2030, we have set forth Our Purpose as "By being 'At your side,' we enable people's productivity and creativity, contribute to society, and help protect the earth." In our medium-term business strategy "CS B2027" covering FY2025 to FY2027, we have also identified CO₂ emissions reduction and resource circulation as materiality issues. Going forward, we will continue actively engaging in environmentally conscious initiatives, such as improving product energy efficiency, utilizing reused and recycled materials, lengthen lifespan, and expanding subscription-based business models to create an environment where customers can use our products for longer periods.