With the adoption of the Paris Agreement at the 21st Framework Convention on Climate Change (COP21) and the Sustainable Development Goals at the United Nations Sustainable Development Summit, momentum is building in the global effort to achieve a sustainable society. In light of these developments, in August 2017 Yokogawa established sustainability goals (Three goals) for achieving sustainability. These aim to make the world a better place by means such as enabling the use of low-carbon energy sources and the recycling of materials. As described below, the company is committed to transforming itself in several key ways to better position itself to achieve these goals.
Achieve net-zero emissions; stopping climate change
Climate change is an urgent issue that requires a global response. We aim for net-zero emissions, which means that the greenhouse gas concentrations in the atmosphere do not rise due to the balance of emissions and the absorption of greenhouse gases, which can be accomplished through the introduction of renewable energy and efficient use of energy. We are also working to reduce the impact of natural disasters and respond to biodiversity issues.
Ensure well-being; quality life for all
With the aim of achieving the physical, mental, and social well-being described in the 2030 Agenda for Sustainable Development adopted by the United Nations in 2015, we support people's health and prosperity through the achievement of safe and comfortable workplaces and our pursuits in such areas as the life sciences and drug discovery. We promote human resource development and employment creation in local communities, and diversity, equity and inclusion.
Make the transition to a circular economy; circulation of resources and efficiency
The transformation from a one-way economy based on the take, make, and dispose model to an economy where resources are circulated without waste, and the transition to businesses that emphasize services, are under way. We aim to realize a social framework and ecosystem in which various resources are circulated without waste and assets are utilized effectively. We are also contributing to the efficient use of water resources and the supply of safe drinking water.
Transformation to Achieve Sustainability Goals
While continuing to emphasize the quality, trust, and integrity that have long been a source of strength for Yokogawa, the company will undergo the transformation needed to achieve its sustainability goals by becoming more adaptable and resilient, evolving its business to engage in regenerative value creation, and promoting co-innovation with its stakeholders.
Becoming more adaptable and resilient
Contribute to the realization of safe and sustainable industrial and social infrastructure, respond flexibly to and show resilience in the face of social change, and be determined to overcome the great challenges that this presents, while remaining rooted firmly in an identity that is based on our corporate philosophy and vision.
Evolving our business to engage in regenerative value creation
Reduce waste, recycle resources, and create robust and durable products by making the needed changes in design, production, logistics, and use. Together with customers and business partners, make maximum use of assets and increase resource efficiency.
Promoting co-innovation with our stakeholders
Through engagement with our stakeholders, including customers, suppliers, partners, employees, shareholders, investors, and members of the local community, create the new value needed to realize a sustainable society.