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Other Disclosures6999KOA CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding SBTi Validation

KOA's greenhouse gas emissions reduction targets have been validated by SBTi. The targets call for an 80.57% reduction in Scope 1 and 2 emissions from fiscal 2020 levels by fiscal 2030, and a 35% reduction in part of Scope 3 emissions from fiscal 2024 levels by fiscal 2034.

Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
80.57
Reduction rate for Scope 1 and 2 GHG emissions (from fiscal 2020 levels; fiscal 2030 target)
Wording
Definitive
How definitive the wording is.

Announced details

Applicable field (uses covered by this announcement)

Greenhouse gas emissions reduction, decarbonization, and climate change action

What the company reported numerically
Quantitative Effects

Scope 1+2: 80.57% reduction from fiscal 2020 levels by fiscal 2030; Scope 3 (Categories 1 and 2): 35% reduction from fiscal 2024 levels by fiscal 2034

Relationship between the counterparty and the company
KOA CORPORATION6999
Relationship with the Company

KOA's GHG emissions reduction targets have been validated by SBTi.

CounterpartyScience Based Targets initiative(SBTi)

An international climate change initiative that evaluates and validates companies' GHG emissions reduction targets based on their alignment with the latest climate science.

Award/certification name

SBTi validation as a science-based emissions reduction target

Awarding / certifying body

Science Based Targets initiative(SBTi)

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Source (materials cited by the company)

Science Based Targets initiative(SBTi)

Announced details
ItemDetails
CounterpartyScience Based Targets initiative(SBTi)
Counterparty overviewAn international climate change initiative that evaluates and validates companies' GHG emissions reduction targets based on their alignment with the latest climate science.
Relationship with the CompanyKOA's GHG emissions reduction targets have been validated by SBTi.
Applicable areaGreenhouse gas emissions reduction, decarbonization, and climate change action
Award/certification nameSBTi validation as a science-based emissions reduction target
Awarding / certifying bodyScience Based Targets initiative(SBTi)
Quantitative EffectsScope 1+2: 80.57% reduction from fiscal 2020 levels by fiscal 2030; Scope 3 (Categories 1 and 2): 35% reduction from fiscal 2024 levels by fiscal 2034
SourceScience Based Targets initiative(SBTi)
Items this document does not state (10)
Names of Products / Services CoveredContract ValueOffering priceContract DateLaunch dateRegistration number and expiry dateLocationLocation scaleUsage historyImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The targets were validated as GHG emissions reduction targets aligned with the Paris Agreement's 1.5°C goal and based on SBTi criteria.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding SBTi Validation | KOA CORPORATION (6999) timely disclosure | Komori