Sustainability Approach
Sustainability Strategy and Commitments | Materiality | Sustainability Targets | ESG Ratings, Scores, and Indices
Sustainability Strategy and Commitments
Value Creation Story
At Renesas, our value creation is rooted in our unwavering commitment to innovation, sustainability, and customer-centricity, contributing to our company purpose – To Make Lives Easier. We aim to create lasting value for our stakeholders, contribute positively to the communities in which we operate, and drive sustainable growth.
Renesas Sustainability Roadmap
Renesas’ Sustainability Strategy 2.0 is a long-term strategy guided by our company purpose and the Renesas Electronics Group Sustainability Guiding Principles. It establishes a clear path toward our carbon neutrality goal by 2040, with interim 2030 sustainability commitments that directly align with our business aspirations.
Launched in April 2025, our Sustainability Strategy 2.0 builds on the foundation established by our Strategy 1.0 in 2022. Strategy 2.0 takes us to the next phase by fully integrating environmental, social, and governance priorities into our business. By aligning our business goals with global sustainability challenges, we're positioned to deliver both financial performance and positive societal impact, creating lasting value for customers, employees, investors, and communities.
As part of our renewed strategy development, we conducted a comprehensive gap analysis and materiality analysis, improving upon our 2022 evaluation. The gap analysis provided a snapshot of our current sustainability performance compared to peers, investor requirements, and customer expectations. Meanwhile, the materiality analysis focused on identifying mid-to-long term stakeholder priorities and their business implications. This thorough process incorporated feedback from investors, customers, and management to reflect changes in the business environment. The final materiality map is divided into three layers: priority topics, strategic topics, and monitoring topics, which guide strategic resource allocation and target monitoring.
Key elements of Renesas’ Sustainability Strategy 2.0, based on our materiality analysis results, include climate action, energy management, supply chain transparency, data privacy, cybersecurity, risk management, and diversity and inclusion. Each priority area connects directly to our business strategy, with specific targets and KPIs to track progress.
We've also accelerated our carbon neutrality target from 2050 to 2040, responding to industry standards and stakeholder expectations. Our path to carbon neutrality focuses on three main areas: reducing PFC gases, expanding renewable energy use, and improving energy efficiency. We've developed a detailed roadmap for these initiatives and remain on track to achieve our SBTi-certified target of 38% emissions reduction (Scopes 1+2) by 2030 compared to 2021 levels.
Embedding Sustainability Culture within Our Organization
As part of our plan to accelerate sustainability and engage our stakeholders, we've launched internal sustainability webcasts and incorporated sustainability topics into our board of directors and new employee training. These initiatives help communicate emerging trends and challenges while keeping employees updated on our programs and performance. We're now developing a comprehensive training program for all internal stakeholders to further strengthen sustainability awareness and implementation across the organization.
To strengthen governance and accelerate sustainability, we've established a robust structure where the Sustainability Department reports directly to our CEO and to the Board of Directors. This includes the cross-functional Sustainability Operating Team that drives day-to-day initiatives, and the Audit and Sustainability Committee for executive oversight. The Sustainability Department regularly reports progress to the ASC to ensure effective implementation.
Stakeholder Management
At Renesas, we acknowledge the significant impact our business operations and sustainability initiatives have on our key stakeholders and global communities. We maintain regular engagement and open communication with all key stakeholders regarding our progress on critical issues. This approach ensures our sustainability strategy and priorities are closely aligned with the concerns of our diverse stakeholders.
