Newsletter    Toshiba Shaping the Sustainable with its Next-Gen Technologies

Toshiba Shaping the Sustainable with its Next-Gen Technologies

COP27 set the stage for COP28 to continue the push towards a low-carbon future, particularly in the realm of transitioning from fossil fuel. The research increasingly indicates that we will have to not only lower emissions as much and as fast as possible but also remove excess carbon that will continue to be emitted into the atmosphere from hard-to-abate sectors. Technological solutions will also be central to decarbonization through initiatives such as the digital transformation can act as an enabler to decarbonisation, or technologies for carbon capture and sequestration.

Toshiba has the tools and the technology needed to accelerate the global energy transition and reduce carbon emissions as much as possible. As such, Toshiba Group formulated the Environmental Future Vision 2050 to address carbon neutrality, the circular economy, and a society in harmony with nature. Toshiba will promote the implementation of initiatives in three areas: “response to climate change”, “response to the circular economy” and “consideration of ecosystems” so as to realize the ideal situatio by 2050. In November 2021, we revised the vision “response to climate change” from 50% reduction across the Group's value chain by FY2030 to “Achievement of carbon neutrality throughout the entire value chain (70% reduction of GHG emissions by FY2030)”.

Toshiba recognizes the importance of maintaining a management foundations with integrity and transparency to support our business activities, and, to that end, has set out the following as material issues to be addressed by Toshiba Group so as to increase our corporate value.

	Vision for 2030	Materiality
For the irreplaceable global environment in which we live	Promote corporate activities with full consideration for the global environment throughout our value chain, from design, procurement, manufacturing, logistics and sales, through to disposal.	Respond to climate change Respond to the circular economy Consider ecosystems
For respect of human rights, to nurture people and technology, and to give back to society	Encourage every Group employee to feel pride and fulfillment in their work, and to harness creativity and technolo-gy in collaborating with business partners to realize rich value.	Secure, retain and train human resources Ensure employee health and safety Promote respect for human rights Promote sustainable procurement Strengthen R&D to stimulate innovation
For further strengthening thorough governance	Practice transparent corporate governance and optimal internal controls; and execute management with integrity, trusted by stakeholders	Strengthen governance Strengthen cyber resilience

To learn more about the FY2022 performance and FY2023 Targets of Toshiba Group’s material issues, click here .

Toshiba's Sustainable Growth Agenda: Forging a Greener Future

Toshiba India's Sustainability Report: A Business Update on Environmental Responsibility

With the government’s strategy for accelerating the pace of sustainable economic development, India is primed for ‘Green Growth’. With a rich heritage of almost 150 years of continuous innovation and technological excellence, Toshiba is in a unique position to support India in realizing its goals for sustainable growth.

Toshiba has been a reliable partner in India’s quest for sustainable energy security and can provide comprehensive solution to generate, transfer and store and smart use of energy. Toshiba can supply solutions and services in power plants by offering Cyber Physical Systems and IoT as a service like EtaPRO™ to improve the efficiency and reliability of power generating assets. In addition, our Carbon Dioxide Capture Utilization and Storage (CCUS) solution helps to separate and capture CO2 from thermal power plants, resulting in transition towards a carbon neutral society.

For energy Transmission & Distribution (T&D), Toshiba is a world leader in the supply of integrated solutions for both conventional and renewable energy sources. To support the transition towards renewable energy and combat climate change, we have been supplying our clients with a wide range of high-quality, reliable and efficient transmission and distribution equipment, including GIS.

We are also experts in water management and a reliable partner of the government in its “Clean Ganga” initiative. Toshiba also contributes to the Clean Ganga initiative and so far Toshiba has constructed a total of 10 sewage treatment plants across 3 states (Uttar Pradesh, Bihar & Jharkhand), with a total installed capacity of 181 million litres per day (MLD).

Toshiba has been spearheading this transformation through its technologically advanced SCiB^™ rechargeable lithium-ion batteries that present many industries an unprecedented opportunity to decarbonize their energy consumption. With its wide industrial and infrastructure applications, Toshiba's SCiB^™ rechargeable lithium-ion batteries can minimize environmental impact, create economic value and contribute to carbon neutrality.

Toshiba supports India’s ambitious Green Mobility initiatives through its automotive lithium-ion battery – SCiB^™ rechargeable battery, contributing to improved fuel consumption efficiency and reduced CO2 emissions. For example, if CO2 emission reductions up to Scope 3*¹ are required, converting employee shuttle buses to EVs can be a countermeasure. With Toshiba’s SCiB^™ that offer a high level of safety rapid charging and long service life, the number of EV buses and the amount of rechargeable batteries required for operation can also be greatly reduced. In 2022, Toshiba signed an agreement with EVage to supply its SCiB^™ cells for 10,000 EVage electric commercial vehicles.

Looking To The Future: New Technologies For A New World

In a rapidly evolving landscape, Toshiba pioneers the path forward, embracing cutting-edge technologies to shape a bold future for our changing world. Toshiba Group showcased energy solutions that play a crucial role in achieving carbon neutrality across the energy lifecycle at the Japan Pavilion at COP28, organized by Ministry of the Environment, Government of Japan (“MOE”). The Toshiba technologies the MOE has selected to showcase include SCiB^™, AEROXIA^™ and P2C (power to chemicals)—that are contributing to the global goal of achieving carbon neutrality.

*1: Scope 3 encompasses emissions that are not produced by the company itself and are not the result of activities from assets owned or controlled by them, but by those that it’s indirectly responsible for up and down its value chain.