Cambodia Investment Review
Japan Tobacco Inc – the parent company of Cambodian tobacco distributor JTI Cambodia – has announced the group will accelerate its efforts to reduce Greenhouse Gas (GHG) emissions across its entire value chain and achieve Net-Zero GHG emissions by 2050.
In a statement released to the industry The JT Group said it recognizes its vital responsibility to contribute to the transition to a decarbonized society, given the ever-increasing global environmental concerns.
To drive this, the Group has updated its targets for “Energy and Emissions” in the current “JT Group Environment Plan 2030” and aims to be Carbon Neutral for its own operations by 2030.
Among other initiatives, the JT Group plans to achieve this by increasing the proportion of renewable electricity that it uses.
The revised targets for GHG emission reduction by 2030 are in line with science-based thinking and the JT Group is currently preparing to obtain validation of its targets from the Science Based Targets initiative.
Masamichi Terabatake, President and Chief Executive Officer of the JT Group, said in a statement: “Sustainability initiatives lay the foundation for long-term business growth. These initiatives resonate thoroughly with our management principle “to pursue the 4S model“ and are indispensable.
As a leading global company, we believe that addressing global environmental concerns, especially those regarding climate change, forms the basis of our business management.
Today, we have set our new targets to achieve Net-Zero GHG emissions across our entire value chain by 2050. As an intermediate milestone, we aim to be Carbon Neutral in our operations by 2030.
We aim to continue to be trusted by our stakeholders and make relentless efforts to reduce our environmental impact, ensuring a sustainable environment for the long-term.”
Cambodia Investment Review had previously reported on the Japan Tobacco International (JTI Cambodia) – one of the country’s leading tobacco distributors – push to ensure a ‘level playing field’ in the industry as the company invests heavily into its workforce and the overall economy.
Roy Manalili, General Manager of JTI Cambodia told Cambodia Investment Review the industry was looking for the government to implement consistent and fair laws adding that any regulation must not allow ‘black market’ dealers to prosper.
“As a responsible tobacco supplier, our attitude is that we provide a legal product following all local and international trade laws,” Manalili said.