SoftBank Corp. Expands Commitment to Achieve Virtually ‘Net Zero’ Greenhouse Gas Emissions by 2050 to Group Companies

SoftBank Corp. (TOKYO: 9434, “SoftBank”) today announced it is expanding the scope of its ‘Net Zero’ commitment to its group companies*1. The new pledge builds on SoftBank’s existing initiatives to eliminate greenhouse gas (GHG) emissions from its own business processes and energy consumption (Scope 1 and Scope 2) and GHG emissions generated by its supply chain (Scope 3) to achieve virtually Net Zero GHG emissions by 2050.

Recognizing its responsibility to mitigate climate change, in May 2021 SoftBank announced its pledge to achieve virtually zero GHG emissions by 2030 under its ‘Carbon Neutral 2030’ declaration that encompassed Scope 1 and Scope 2 GHG emissions. In August 2022, it announced a goal to achieve virtually Net Zero GHG emissions by 2050, which included Scope 3 GHG emissions generated by its supply chain. To accelerate the realization of a Net Zero society, SoftBank is expanding the scope of its Net Zero initiatives to its group companies. SoftBank submitted a commitment letter*2 to the Science Based Targets initiative (SBTi*3) to acquire SBT Net Zero certification, which is based on scientific evidence. In addition, SoftBank applied to join the RE100, an international initiative that urges companies to use 100% renewable energy to power their business activities.

SoftBank is taking various initiatives to reduce GHGs, such as entering into long-term renewable energy procurement contracts and promoting energy efficiency through the utilization of advanced technologies. Going forward, SoftBank will collaborate with its group companies, suppliers and other business partners to mitigate climate change and contribute to the realization of a decarbonized society.

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