Bridgestone Corporation has announced the release of its 2020-2021 Sustainability Report.
Bridgestone Continues its Efforts to the Realisation of a Sustainable Society
Bridgestone Corporation has announced the release of its 2020-2021 Sustainability Report, an important milestone on the Group’s ongoing journey to provide social and customer value as a sustainable solutions company.
The report outlines the steps Bridgestone has taken over the past year to achieve its vision to contribute to the realisation of a sustainable society. It contains detailed information about the Group’s Mid-Long Term Business Strategy, Sustainability Business Framework, Mid Term Business Plan (2021-2023), and CSR activities.
Topics covered contributions to the accomplishment of the United Nations Sustainable Development Goals (SDGs), ways to build trust to propagate value co-creation, management fundamental and governance, as well as environmental, social and governance (ESG) data.
Guided by its mission of ‘Serving Society with Superior Quality,’ and the Group’s ‘Our Way to Serve’ global CSR commitment, Bridgestone is integrating sustainability into its culture, business strategy and operations.
Bridgestone has also established its quantitative targets and detailed initiatives of the Mid-Long Term Business Strategy and Mid Term Business Plan (2021-2023), providing a roadmap for a strong and sustainable Bridgestone. Furthermore, through its Sustainability Business Framework, the Group aims to establish a business model where business value, such as revenue and profits, is sustainably generated. This includes efforts toward a circular economy and achieving carbon neutrality across all Group businesses from producing and selling, to providing value during use, and renewing tyres.
It has also announced that the company’s goal of achieving carbon neutrality in its long-term environmental vision for 2050 and beyond, along with its target of reducing absolute CO2 emissions by 50 per cent from 2011’s level by 2030.
According to the report, the Group’s success in reducing total CO2 emissions by 31 per cent in comparison to 2011’s level in 2020 and its use of renewable energy for approximately 11 per cent of its global energy consumption have been disclosed.
Bridgestone has put forth the goal of sourcing more than 50 per cent of its power from renewable energy (electricity) by 2023 and declared its commitment to increasing its use of renewable energy going forward.
To execute its Sustainability Business Framework, the company said, value co-creation with customers and partners is essential.