Panasonic
Panasonic Corporation, commonly referred to as Panasonic, is a leading multinational electronics company headquartered in Osaka, Japan (JP). Founded in 1918, Panasonic has evolved into a global powerhouse, operating across various regions including North America, Europe, and Asia. The company is renowned for its diverse portfolio, which spans consumer electronics, automotive solutions, and industrial devices. With a commitment to innovation, Panasonic offers unique products such as advanced home appliances, energy-efficient batteries, and cutting-edge audiovisual equipment. The company has achieved significant milestones, including pioneering developments in sustainable technology and smart home solutions. As a prominent player in the electronics industry, Panasonic continues to enhance its market position through a focus on quality, reliability, and customer satisfaction.
DitchCarbon Score
How does Panasonic's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Panasonic's score of 92 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Panasonic's reported carbon emissions
In 2023, Panasonic reported total carbon emissions of approximately 129,209,000,000 kg CO2e, with emissions distributed across various scopes: 406,000,000 kg CO2e for Scope 1, 1,433,000,000 kg CO2e for Scope 2, and 127,371,000,000 kg CO2e for Scope 3. This marked a significant increase from previous years, reflecting the company's ongoing challenges in reducing its carbon footprint. Panasonic has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by FY2050. In the near term, the company targets a 90% reduction in absolute Scope 1 and 2 emissions by FY2030, using FY2019 as the baseline. Additionally, Panasonic aims to reduce Scope 3 emissions from the use of sold products by 30% within the same timeframe. The company has made strides in its sustainability initiatives, including a commitment to achieve virtually net-zero CO2 emissions from its operations by 2030. Panasonic's long-term strategy includes maintaining a minimum of 90% reduction in Scope 1 and 2 emissions from FY2030 through FY2050, alongside a 90% reduction in Scope 3 emissions by FY2050. Overall, Panasonic's climate commitments reflect a proactive approach to addressing climate change, aligning with global efforts to limit warming to 1.5°C.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 390,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,930,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 104,289,000,000 | 000,000,000,000 | 00,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Panasonic is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
