Canon Gets an A for Climate Change Activities

Canon Inc. was recognized by UK-based non-profit organization CDP¹ for its transparency and leadership concerning initiatives in the field of climate change and was given an A score, the highest rating.

The CDP evaluates major companies and local governments worldwide on their efforts to tackle environmental issues. Evaluations are based on information disclosed in response to questions sent to the companies regarding such topics as climate change and water resource management. The number of targeted groups has grown year after year, as a record number of more than 24,000 organizations disclosed information through the questionnaire in 2023. This is Canon's third time earning a spot on the A List in the climate change category, having been included in the A List previously in 2016 and 2020.

Under its corporate philosophy of kyosei, Canon aims to realize a society that achieves a beneficial balance between lifestyle enrichment and the environment and promotes various environmental conservation activities in the four key areas of “Climate Change,” “Resource Efficiency,” “Chemical Substances,” and “Biodiversity.” As measures against climate change, in line with SBTi² criteria, Canon aims to reduce absolute Scope 1 and 2³ GHG emissions 42% of absolute Scope 1 and 2³ GHG emissions and 25% of absolute Scope 3³ (Category 1 and 11³) GHG emissions by 2030 from 2022 as a base year.

Canon also established an average annual 3% improvement, in the index of lifecycle CO₂ emissions per product unit, as an environmental target in 2008 and has so far realized 44.4%⁴ improvement at an average annual rate of 3.95%⁴ (from 2008 to 2023). In addition, the company will strive to achieve net zero lifecycle CO₂ emissions per product unit (Scope 1-3) by 2050 through various activities such as the use of renewable energy and energy-saving activities at production sites and more advanced resource circulation including product reuse and recycling.

Canon will continue working to make various technological advancements and improve managerial efficiency to help to reduce CO₂ throughout society.

1. Established in 2000 as an international non-profit organization possessing a system for environmental information disclosures made by businesses and local governments

2. The SBTi stands for Science Based Targets initiative which is an international initiative to encourage companies to set greenhouse gas (GHG) emissions reduction targets on the basis of climate science. It is jointly operated by four organizations: the United Nations Global Compact (UNGC), World Resources Institute (WRI), World Wide Fund for Nature (WWF), and CDP. Canon’s GHG emissions reduction targets have been approved by SBTi in 2023.

3. Scope 1: Direct emissions (city gas, LPG, light oil, kerosene, non-energy-related greenhouse gases, etc.)

   Scope 2: Indirect emissions (from use of electricity, steam, etc.)

   Scope 3: Supply-chain emissions

   Category 1: Purchased goods and services; Category 11: Use of sold products

4. Preliminary figures as of January 31, 2024

Source: Canon

The preceding press release was provided by a company unaffiliated with In-plant Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of In-plant Impressions.