Subaru has launched the Built-in Report 2023 and Sustainability Internet 2023, which summarize monetary and non-financial info in an built-in method, to ensure that stakeholders to higher perceive the Subaru Group’s enterprise fashions, progress methods, and sustainability initiatives.

We’ll make the most of each the report and the web site as instruments for speaking with stakeholders, additional enhancing our disclosure actions going ahead.

Essential Content material of the Built-in Report 2023

The Subaru Group’s strategy, strengths, and progress methods are launched in three major sections: Worth Creation Story, Commentary on Technique, and Foundations Supporting Worth Creation. Our Worth Creation Story presents our future imaginative and prescient for Subaru, with a concentrate on the brand new administration construction insurance policies introduced in August 2023. In the meantime, the Commentary on Technique, along with presenting the Six Precedence Areas for CSR*, together with initiatives to realize our objective of zero deadly visitors accidents in 2030 and cultivating human assets, particularly describes the worth creation course of towards attaining our imaginative and prescient. This report shares Our Worth Creation Story with a variety of stakeholders in an easy-to-understand method as we goal to change into an organization “Delivering Happiness to All.”

* Six Precedence Areas for CSR: Individuals-oriented Automobile Tradition, Resonance and Coexistence, Peace of Thoughts, Variety, Atmosphere, and Compliance.

Essential Content material of Sustainability Internet 2023

The Subaru Group’s strategy, objectives, and initiatives for sustainability are offered particularly from the views of the Six Precedence Areas for CSR and ESG. In sections associated to the surroundings, we’ve got enhanced our info disclosure associated to environmentally accountable vehicles and local weather change in accordance with disclosures beneficial by the TCFD. Sections associated to Society embody particulars of our new approaches to human capital and approaches to attaining sustainable progress on the Subaru Group by way of the expansion of its human assets. The web site communicates the Subaru Group’s intention to supply “Enjoyment and Peace of Thoughts” to our clients and different stakeholders, to be a really international firm with sustainable progress pushed by the efforts of each considered one of our staff, and to contribute to the achievement of an gratifying, sustainable society.

Raised Medium-Time period Targets for Local weather Change Motion

Towards its goal of attaining carbon neutrality by 2050, Subaru will cut back CO₂­ emissions from its merchandise, crops, and places of work to assist decarbonize society. Accordingly, it has set long-term objectives, and is working to realize them with medium-term objectives as intermediate milestones. With a view to speed up our contribution to a decarbonized society, we’ve got raised our medium-term objectives for crops and places of work (Scope 1 and a pair of) from lowering CO₂ emissions in FYE March 2031 by 30% in contrast with FYE March 2017 (whole quantity foundation) to a discount in FYE March 2036 by 60% in contrast with FYE March 2017. Equally, we’ve got raised our medium-term objectives for merchandise (Scope 3), from making a minimum of 40% of Subaru international gross sales EVs or HEVs to aiming for 50% of Subaru’s whole international gross sales to be BEVs in 2030.

Worth Creation Course of

SOURCE: Subaru