Daikin Sustainability Report 2024_ENG
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Brussels, 16 September 2024 – Global air conditioning and heat pump leader Daikin announces the release of its Sustainability Report 2024. This new report covers the fiscal year 2023 (1 April, 2023 – 31 March, 2024) of Daikin Industries, the parent company of Daikin Europe.
The report summarizes the approach of the Daikin group towards business growth while contributing to the development of a global sustainable society. It explores the company’s worldwide quantitative targets and results across 10 key ESG themes, based on a comprehensive materiality analysis. The report extensively covers Daikin’s priorities such as responding to climate change, circular economy readiness and creating value from air. The report further zooms in on ESG governance and the reporting approach.
Access the English report via: www.daikin.com/csr/report. The report can be navigated easily through the table of contents.
Carbon-neutral Environmental Vision 2050 – intermediate targets and results
As the world’s leading air conditioning manufacturer, responding to climate change is a top priority in Daikin’s ESG ambitions. By 2050, the company aims to be carbon neutral, not just in operations but across the full lifecycle of its products.
Commenting on Daikin’s social responsibility, Chairman of the Board and CEO, Masanori Togawa said: “Air conditioning is an important aspect of our daily lives, and its demand is expected to increase for reasons such as health and economic development. However, air conditioning has a significant impact on the environment due to its high electricity consumption. That’s why we believe that addressing society’s needs for air solutions while also contributing to the decarbonization of society is our most important social mission. We will seize change as an opportunity to contribute to a sustainable society and grow as a corporate group.”
The report explains Daikin’s progress on its intermediate emission reduction targets for 2030, which were validated by the Science-based Targets initiative in March 2024. It also provides extensive examples of activities and initiatives (see examples from Europe and Africa in the subsections below) taken to this end in the reporting fiscal year 2023.
City-wide optimal energy management (p. 42)
Daikin is using its technologies in air conditioning, heating and hot water supply to provide energy-saving solutions for entire communities to resolve energy issues and contribute to sustainable urban development. In Europe, since first participating in the Smart Communities Project in Greater Manchester (UK), we have gone on to be involved with a decarbonization verification project for home heating in Lisbon (Portugal), along with the Innovation Ecosystem project for the redevelopment of the former site of Expo Milano (Italy), and a smart city demonstration project for renovating detached houses in Genk (Belgium).
Subscription-based air conditioning business in Tanzania (p. 70)
Daikin has begun rolling out subscription-based high efficiency air conditioners for small offices and stores as well as homes in Tanzania. By reducing the cost of installation and the burden of electricity bills, we want to increase the adoption and spread of air conditioners in Africa. The project is operated by Baridi Baridi Inc., a joint venture with WASSHA Co., Ltd., an electricity service provider that uses IoT technology in regions of Africa without electricity. Since the launch of sales in October 2021, the company has expanded its business, and as of March 31, 2024, approximately 2,000 units have been sold and installed.
About Daikin Europe N.V.
The Daikin Europe group is a leading provider of heating, cooling, ventilation, air purification and refrigeration (HVAC-R) technology in Europe, Middle East and Africa (EMEA). Daikin designs, manufactures and offers customers a broad portfolio of products, maintenance services as well as turnkey solutions for residential, commercial and industrial purposes. To date, Daikin Europe has over 13,800 employees across 59 subsidiaries. It has 14 manufacturing sites in EMEA (Belgium, the Czech Republic, Germany, Italy, Spain, Austria, the United Kingdom, Turkey and the United Arab Emirates). Headquartered in Ostend (Belgium) for over 50 years, the Daikin Europe group is a subsidiary of the global group Daikin Industries.
About Daikin Industries Ltd.
Daikin Industries is a worldwide leader in heat pump, air conditioning and air filtration technology with more than 98,000 employees. Founded in Osaka in 1924, it is the world’s only manufacturer that develops and manufactures HVAC-R equipment, as well as compressors and refrigerants in-house. Daikin was named one of the world’s top 100 most innovative companies by Clarivate (UK) and LexisNexis (USA), recognizing its leadership in technology research and intellectual property patents. For its fiscal year 2023, Daikin reported a record sales result of € 28 billion sales (1 April 2023 – 31 March 2024).
Read more on www.daikin.eu and www.daikin.com.
Media Contacts Daikin Europe N.V.
Sofie Sap - T.: +32 472 580482 Mail: sap.s@daikineurope.com
Daisuke Kakinaga - T.: +32 465 462321 Mail: kakinaga.d@bxl.daikineurope.com