The ICP system is a mechanism that encourages companies to address climate change by setting an internal carbon price and converting Greenhouse Gas emissions into costs, thereby creating an economic incentive to reduce emissions. In the future, when planning investments in equipment that emit Greenhouse Gas we will apply the internal carbon price we set and convert it into a hypothetical cost, which we consider as one factor in selecting equipment and vehicles, and investment decisions.
Mabuchi Motor's ICP System
- In-house carbon price: 11,000 yen/t-CO2*
*Internal exchange rates are used for conversion at overseas bases.
We will review the price as appropriate in consideration of price fluctuations of emission credits, etc. - Scope of the program: Investments in facilities that emit CO2
- Application method: CO2 emissions are converted into costs by applying an internal carbon price, and considered as one of the factors in selecting equipment and vehicles, and the making of investment decisions.
