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NIPPON TELEGRAPH AND TELEPHONE CORPORATION

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Nippon Telegraph and Telephone : NTT Group's greenhouse gas emissions reduction target based on 1.5░C level approved by Science Based Targets initiative

12/03/2021 | 01:12am EST

Tokyo, Japan - December 3, 2021- NTT Corporation (NTT) has revised its greenhouse gas (GHG) emissions reduction target in the new environment and energy vision "NTT Green Innovation toward 2040". The Science Based Targets (SBT)1 initiative approves NTT Group's FY2030 GHG reduction target based on limiting global temperature rise to no more than 1.5°C.

The NTT Group formulated the new environment and energy vision "NTT Green Innovation toward 2040"2 on September 28, 2021. The NTT Group aims to reduce GHG emissions by 80% (carbon neutrality for mobile and data centers sectors) by FY2030 and to be carbon-neutral by FY2040.

With respect to Scope 1 (direct emissions by businesses, such as fuel combustion) and Scope 2 (indirect emissions from the use of electricity, heat and steam supplied by other companies), we have raised the NTT Group's FY2030/31 GHG emissions reduction target from 30% (Well-below 2°C level, approved in 2020) to 80% (1.5 °C level), and is approved by the SBT initiative.

NTT Group's GHG reduction targets

Scope 1 and 2 80% reduction by FY2030/31 from a FY2018/19 base year
Scope 33 15% reduction by FY2030/31 from a FY2018/19 base year

For the benefit of society, the NTT Group will step up its efforts to achieve carbon neutrality to society and contribute to the Japanese government's targets of reducing GHG emissions by 46% in FY2030 from FY2013 levels and achieving carbon neutrality by 2050.

1Scientifically based greenhouse gas emission reduction targets for corporates in accordance with the Paris Agreement. The SBT initiative, a climate change initiative led by the United Nations Global Compact (UNGC), the CDP (formerly the Carbon Disclosure Project), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), designates the targets.

2NTT Group's New Environment and Energy Vision "NTT Green Innovation toward 2040"
https://group.ntt/en/newsrelease/2021/09/28/210928a.html

3Scope 3: Indirect emissions other than Scope 1 and Scope 2 (emissions in the supply chain related to business activities)

About NTT

NTT believes in resolving social issues through our business operations by applying technology for good. We help clients accelerate growth and innovate for current and new business models. Our services include digital business consulting, technology and managed services for cybersecurity, applications, workplace, cloud, data center and networks, all supported by our deep industry expertise and innovation. As a top 5 global technology and business solutions provider, our diverse teams operate in 80+ countries and regions and deliver services to over 190 of them. We serve over 80% of Fortune Global 100 companies and thousands of other clients and communities around the world. For more information on NTT, visit www.global.ntt.

Disclaimer

NTT - Nippon Telegraph & Telephone Corporation published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 06:11:15 UTC.


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Sales 2022 12 114 B 106 B 106 B
Net income 2022 1 137 B 9 923 M 9 923 M
Net Debt 2022 6 733 B 58 781 M 58 781 M
P/E ratio 2022 10,2x
Yield 2022 3,44%
Capitalization 11 488 B 100 B 100 B
EV / Sales 2022 1,50x
EV / Sales 2023 1,46x
Nbr of Employees 324 667
Free-Float 54,5%
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Number of Analysts 18
Last Close Price 3 241,00 JPY
Average target price 3 744,67 JPY
Spread / Average Target 15,5%
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Managers and Directors
Jun Sawada Executive President, CEO & Representative Director
Akira Shimada Manager-Corporate Planning
Hiromichi Shinohara Managing Director & Head-Research Planning
Naoki Shibuya Representative Director & Chief Technology Officer
Katsuhiko Shirai Independent Outside Director