Konica Minolta, Inc. has announced that it has received the highest score on CDP's Climate A List 2022, and has thus been awarded a global leadership position alongside the 283 other companies out of 15,000 that responded to CDP's climate change questionnaire. CDP is an international non-profit organization working for a sustainable economy. This is the seventh time Konica Minolta has been included in the Climate A List.
CDP's Climate A List is made up of companies that are recognized as global leaders in terms of climate change targets, actions, and disclosure.
Out of more than 18,700 organizations worldwide assessed by CDP, 283 companies (including 74 Japanese companies) are on the Climate A List in 2022 in recognition of their efforts to reduce CO2 emissions, mitigate climate change, and contribute to a low-carbon economy.
Konica Minolta's sustainable goals and actions
➢ Reducing CO2 emissions
Konica Minolta's distinction in the "Climate A List" is the result of several sustainable activities and goals that are being implemented or have already been achieved.
For example, the company has set a goal of reducing its CO2 emissions by 60% in Scopes 1, 2, and 3 by 2030, based on its 2005 values: this includes the development, procurement, and manufacture of its products, its sales and services, and its product use*. This goal is nearly achieved, with 52% reductions already realized in 2019.
*in 2017, these reduction targets were endorsed by the international Science Based Targets [SBTi] initiative)
To limit its carbon footprint, Konica Minolta has developed less energy-intensive production technologies, sources electricity from renewable sources, and promotes the shift to paperless business operations.
To reduce its carbon footprint, Konica Minolta has developed energy-efficient production technologies, procures electricity from renewable sources, and promotes the transition to paperless business operations.
➢ Accelerating the shift to renewable energy
Konica Minolta aims to procure 100% of the energy used in its business operations from renewable sources by 2050.
Therefore, in 2019, Konica Minolta joined RE100, a global leadership initiative that brings together companies committed to sourcing 100% of their business energy from renewable sources. Starting with countries and regions where renewable electricity is 2/4 relatively widespread, Konica Minolta reviewed its electricity supply contracts at its production and sales sites one by one and switched to renewable electricity where possible:
- The two production sites for multifunction printers and production printing devices in China use electricity from 100% renewable energy.
- Two Konica Minolta toner production sites have achieved the goal of 100% renewable energy in fiscal 2021. These are Konica Minolta Supplies Manufacturing U.S.A., Inc. and Konica Minolta Supplies Manufacturing France S.A.S., which have switched to electricity with a green energy certificate.
- Konica Minolta Mechatronics Co, Ltd.'s new plant, to be completed in Aichi Prefecture, Japan, in 2021, obtains about 11% of the electricity needed for its operations from solar power.
- In Europe, Konica Minolta's headquarters and 10 subsidiaries already use 100% or nearly 100% green electricity (Austria, Belgium, France, Germany, Great Britain, Lithuania, the Netherlands, Norway, Spain, and Sweden).
- Its U.S. sales company, Konica Minolta Business Solutions U.S.A., Inc. covers all of its electricity needs with renewable energy through solar panels and by procuring green electricity from various sources, such as biomass, geothermal power, hydro power, solar power, and wind power, through the Renewable Energy Program. The company also joined the U.S. Environmental Protection Agency's (EPA) Green Power Partnership program in May 2022.
Konica Minolta is listed in several global ESG indices and ranked highly in ESG assessments
FTSE4Good Index Series (UK)
Continuously included in the index since 2003
FTSE Blossom Japan Index (UK)
Continuously included in the index since its inception in 2017
FTSE Blossom Japan Sector Relative Index (United Kingdom)
Included in the index since its inception in 2022
MSCI Japan ESG Select Leaders Index (United States)
Continuously included in the index since its inception in 2017
MSCI Japan Empowering Women Index (United States)
Continuously included in the index since its inception in 2017
Dow Jones Sustainability Index (United States)
Asia Pacific Index (DJSI Asia Pacific): Continuously included in the index since 2009
S&P/JPX Carbon Efficient Index (United States, Japan)
Continuously included in the index since its inception in 2018
S&P Global (United States)
Consistently listed in the SAM Sustainability Award since 2013 (four times in the Gold category and five times in the Silver category)
Corporate Knights (Canada)
Ranked among the 100 most sustainable companies in the world (2011, 2019-2022)
ISS ESG (United States)
Maintains highest status, Prime, since 2011
CDP (United Kingdom)
Included in the Climate A List (2013-2014, 2016-2017, 2020-2022)
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