Trial Introduction of an Internal Carbon Pricing System, Using the Amount of CO₂ Emissions Reductions over the Product’s Lifetime and the Contribution to CO₂ Reductions in Society as Criteria for Investment Decisions

Osaka, Japan – Panasonic Corporation (Head office: Minato-ku, Tokyo; President and CEO: Masahiro Shinada) today announced that it will implement an Internal Carbon Pricing (ICP) system on a trial basis starting in fiscal 2024, the year ending March 2024. The system aims to accelerate the competitiveness of businesses that contribute to carbon neutrality (decarbonization) and a circular economy, and uses the amount of Scope 3* CO2 emissions reductions in the company’s entire value chain and the level of contribution to CO2 reduction in society as criteria for investment decisions. Panasonic’s pilot ICP system will set the carbon price at 20,000 yen per ton of CO2 and will first be introduced in the Living Appliances and Solutions Company, and then phased in after fiscal 2025.