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Hitachi Sustainability

23 February 2022

Looking Back to Look Ahead

It’s been an incredible twelve months. In March 2021 we became a Principal Partner of COP26 which provided us with a powerful platform to demonstrate our commitment to addressing climate change. But the real opportunity it offered was to start turning these commitments into concrete actions and make genuine progress on the road to net zero.

A year on from our sponsorship agreement, we wanted to look back at some of the key moments from a pivotal period in the energy transition:

• Our 2021 Mid-Term Management Plan highlighted the opportunity to support the electrification of social infrastructure through our digital innovation products – this can be anything from digital grids to HVDC electric power transmission systems, or from green mobility to our overall EV strategy

• We announced new, more ambitious corporate targets to achieve carbon neutrality at all of our factories and offices by 2030 and achieve Carbon Neutrality throughout our Value Chain by 2050

• We committed to halve our energy bill by 2030 and engaged in regular dialogue with the top 70% by value of our supply chain about their own decarbonisation plans

• We backed this up with a ¥1.5 trillion (almost £10 billion) spending plan in R&D technologies to foster digital innovation including in energy management systems, hydrogen-related technologies and high-efficiency products

• We launched numerous partnership programmes to power the net zero transition around the globe, such as our recent decarbonisation plan with First Bus

• We launched the world’s first zero carbon powered film, showing all the low-carbon transport options Hitachi has developed so far, and itself powered entirely by cyclists and a solar-powered generator

• We became global alliance members of The Earthshot Prize and a contributor to the prize fund that can accelerate the winning solutions

• We were awarded the highest score of “Grade A” by global environmental non-profit charity CDP for our work in tackling climate change and acting to protect water security as part of our Hitachi Environmental Innovation 2050 Plan to help realise a more sustainable society

• At COP26 itself we met with Japanese Prime Minister Fumio Kishida, HRH The Duke of Cambridge and COP26 President Alok Sharma; we hosted seven high profile Hitachi-led events, took part in ten panel sessions, and spread the word via over a million impressions across social platforms

All in all, it’s been a satisfying twelve months and it’s encouraging to see the commitments of COP26 turning into actions. But there is much work to do and, in this case, more than any other, the destination is far more important than the journey.

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