Bridgestone Corporation Commits to Sustainability with Mid-Term Business Plan

Strategic Insights -

Bridgestone Corporation has released its 2020-2021 Sustainability Report, outlining its efforts to contribute to the realization of a sustainable society. The report highlights key achievements, including a reduction in CO2 emissions by 31% and the use of renewable energy for approximately 11% of the Group's global energy consumption. The company has set a goal of sourcing more than 50% of its power from renewable energy by 2023, as part of its Mid Term Business Plan.

Key Takeaways:

  • Bridgestone has reduced CO2 emissions by 31% since 2011, with a goal of achieving carbon neutrality in its long-term environmental vision for 2050 and beyond.
  • The company uses renewable energy for approximately 11% of its global energy consumption, with a target of increasing this to more than 50% by 2023.
  • Bridgestone has established concrete goals for achieving carbon neutrality, including reducing absolute CO2 emissions by 50% from 2011's level by 2030.
  • The company's Sustainability Business Framework aims to establish a business model where business value, such as revenue and profits, is sustainably generated, including efforts toward a circular economy and achieving carbon neutrality.
  • Bridgestone has put forth the goal of sourcing more than 50% of its power from renewable energy by 2023, with a commitment to increasing its use of renewable energy going forward.
  • The company's various social contribution activities, such as its "Build Trust to Propagate Value Co-creation" initiative, aim to foster trust with society and various stakeholders for further value co-creation.
  • Bridgestone's six Management Fundamentals are foundational to its commitment to create social and customer value, with representatives from the Group's Board of Directors sharing their perspectives in a dialogue.

Statistics:

  • 29% reduction in CO2 emissions in 2020 compared to 2011 [*1]
  • 11% of global energy consumption from renewable energy in 2020
  • Goal of sourcing more than 50% of power from renewable energy by 2023
  • Target of reducing absolute CO2 emissions by 50% from 2011's level by 2030
  • 90th anniversary of the founding of Bridgestone in 2021

Sources:

  • Bridgestone Corporation
  • Bridgestone Corporation
  • Sustainability Business Framework
  • Our Way to Serve corporate social responsibility commitment