Global warming is threatening life on earth, impacting the availability of fresh water, food, and energy. Greenhouse gas (GHG) emissions are the major reasons for rising global temperature. GHG includes carbon dioxide (CO2), methane, and nitrogen oxides (NOx) which emits by burning oil, fossil fuels, and other sources.
The technology and communication industry is responsible for 2-3% of global GHG emissions. The industry’s activities such as fuel burned by the transportation fleet, electricity used, product production, and product usage all contribute to GHG emissions. According to International Telecommunications Union, digital technology has the potential to reduce global carbon emissions by around 17%. Technology companies can assist other industries in improving their operating efficiency, as a result, lowering GHG emissions.
SoftBank Group Corp (SoftBank) is a provider of integrated telecommunications services. The company is involved in various businesses including fixed-line telecommunications, mobile communications, internet services, and distribution. Total GHG emissions reported by the technology company were around 0.62 million tonnes CO2 equivalents (MtCO2eq) in 2020, which decreased by 20% from 2019.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions are direct GHG emissions that occur from sources that are owned or controlled by the company such as fuel burned by the company’s delivery fleet. Scope 2 emissions are indirect GHG emissions that come from the generation of purchased energy, like the electricity used to power the company’s facilities. The company has not disclosed any information regarding Scope 3 emissions.
Scope 2 emissions form the major portion of SoftBank’s total GHG emissions, accounting for 97.5% (0.61 MtCO2eq) of total GHG emissions in 2020. The company’s Scope 1 emissions decreased by 2% in 2020.
SoftBank Group Corp has achieved carbon neutrality in fiscal year 2020 by reducing GHG emissions from its business activities to virtually zero and is committed to do so in future. The Group’s other companies have also set a target to reduce GHG emissions from its business activities and is working to achieve it.
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