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Other Disclosures9621CTI Engineering Co.,Ltd.Information and Communications, Services and Others

CTI Group's net-zero target has been approved by the SBT

CTI Group's greenhouse gas reduction targets have been approved by SBTi as Science Based Targets aligned with the Paris Agreement. The approval covers short-term targets through 2030, long-term targets through 2050, and the 2050 net-zero target.

Worth reading
56In focus
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
90
% reduction (Scope 1+2 and Scope 3, by 2050)
Wording
Definitive
How definitive the wording is.

Announced details

Applicable field (uses covered by this announcement)

Greenhouse gas emissions reduction; net zero across the entire value chain

What the company reported numerically
Quantitative Effects

The targets are to reduce Scope 1+2 emissions by 60.0% and Scope 3 emissions by 25.0% by 2030, reduce both Scope 1+2 and Scope 3 emissions by 90.0% by 2050, and achieve net zero across Scopes 1–3 in 2050.

Relationship between the counterparty and the company
CTI Engineering Co.,Ltd.9621
Relationship with the Company

SBTi Services assessed and approved the greenhouse gas reduction targets submitted by our group for recognition as Science Based Targets.

CounterpartySBTi Services (assessment body under SBTi)

SBTi is a joint initiative of WWF, CDP, WRI and the United Nations Global Compact. SBTi Services assesses whether companies' CO2 reduction targets qualify for certification.

Award/certification name

SBT (Science Based Targets) approval

Awarding / certifying body

SBTi(Science Based Targets initiative)/SBTi Services

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

Source (materials cited by the company)

SBTi(Science Based Targets initiative)

Announced details
ItemDetails
CounterpartySBTi Services (assessment body under SBTi)
Counterparty overviewSBTi is a joint initiative of WWF, CDP, WRI and the United Nations Global Compact. SBTi Services assesses whether companies' CO2 reduction targets qualify for certification.
Relationship with the CompanySBTi Services assessed and approved the greenhouse gas reduction targets submitted by our group for recognition as Science Based Targets.
Applicable areaGreenhouse gas emissions reduction; net zero across the entire value chain
Award/certification nameSBT (Science Based Targets) approval
Awarding / certifying bodySBTi(Science Based Targets initiative)/SBTi Services
Quantitative EffectsThe targets are to reduce Scope 1+2 emissions by 60.0% and Scope 3 emissions by 25.0% by 2030, reduce both Scope 1+2 and Scope 3 emissions by 90.0% by 2050, and achieve net zero across Scopes 1–3 in 2050.
SourceSBTi(Science Based Targets initiative)
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.

This is part of efforts to achieve the CTI Group Sustainable Challenge announced in June 2022, with the aim of enhancing corporate value and contributing to the sustainable development of society.

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CTI Group's net-zero target has been approved by the SBT | CTI Engineering Co.,Ltd. (9621) timely disclosure | Komori