Further Improving Environmental Technology by Strengthening Product Creation Capabilities at the Source
Thanks to the support of people around the world, Honda's business operations continue to prosper.
Once again, in FY2007 Honda achieved record unit sales of motorcycles, automobiles and power products, delivering more than 22 million products to customers worldwide.
To ensure continuing success in creating new value for our customers, Honda is strengthening the fundamentals of our product creation capabilities worldwide. With a view to even greater mid- and long-term progress, we are working to achieve three key objectives: further developing our advanced manufacturing systems; strengthening our foundation for growth in international operations; and reducing the environmental impact of our corporate activities.
Growing Awareness of Environmental Issues
At the recent summit of leading industrialized nations in Heiligendamm, Germany, consensus was reached on the need for a new international framework to mitigate global warming. Environmental issues contributing to this phenomenon can no longer be dealt with solely on a national or regional level. Worldwide, there is an increased sense of urgency about the need to act globally.
In particular, the need to curb CO2 emissions—broadly accepted as the major cause of global climate change—is now considered a key priority throughout the world.
As a corporation operating on a global scale, Honda thoroughly understands its responsibilities and considers it a key management priority to help solve the problem of global warming.
Leading the Way in Environmental Preservation
Honda has long been a leader in confronting emerging environmental issues. In 1992 we issued the Honda Environment Statement. We have worked with great determination to preserve the environment in accordance with this statement and its underlying principles.
In FY2007 we attained all independently established targets for CO2 emissions reductions, set new targets for products and production, and took the lead by undertaking new efforts to further reduce Honda's CO2 emissions worldwide. Accordingly, we have announced voluntary targets to reduce worldwide product and production-related CO2 emissions 10% by 2010, compared to 2000 levels.
Honda has also recently announced similarly ambitious new targets for the reduction of the environmental impact of our corporate activities in Japan by FY2010.
These announcements confirm Honda's intention to continue to lead the way, doing everything in our power to help conserve the global environment.
A Never-Ending Challenge
In everything we do, Honda is determined to lead, always striving to be a company people throughout the world will want to exist.
Honda will continue its tradition of approaching evolving issues faced by society with original thinking and innovation, taking the lead in seeking solutions.
The targets we have set for ourselves will not be easy to attain, but we are approaching them with resolve. We are confident that determination and creativity will lead us to achievements unrivaled by any other manufacturer, as we work to deliver on the promise of truly sustainable mobility for people everywhere. It's a never-ending challenge. Honda is ready.
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Takeo Fukui President & CEO
