Addressing Climate Change

Plan and Results

Plan

Konica Minolta assesses its efforts of addressing climate change by setting quantitative targets for the short, medium, and long term, and these targets consider both social and environmental value, along with economic value. Working to achieve the Company’s Eco Vision 2050 targets and Carbon Minus goal, each division sets reduction targets and draws up plans for each fiscal year in the medium-term plan, and proactively takes steps to achieve them.
Konica Minolta has set a target of reducing CO₂ emissions throughout the lifecycle of its products by 61% compared to fiscal 2005 by fiscal 2025, while at the same time generating 800 thousand tons of CO₂ emission reductions that benefit its customers, suppliers, and the broader society. The goal is to achieve Carbon Minus status by fiscal 2025 through these initiatives.

Vision for 2030 and Medium-Term Plan

Vision for 2030: Reduce CO₂ emissions by Konica Minolta, enhance CO₂ emissions reduction at corporate clients and suppliers

Related SDGs:

Themes		Indicators	Results					Targets
Themes		Indicators	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2024	FY 2025
Reducing energy use and CO₂ emissions by transforming customer processes (Amount of contribution to Scope 4 reductions)		Social and environmental value Contribution to CO₂ reduction^*1 outside the Konica Minolta product lifecycle (Scope 4) (thousand tons)	578	585	624	631^*3	682	690	800
		Economic value Solution sales (billion yen)	51	56	76	84	89	97	100
Energy use and CO₂ emissions reduction related to Konica Minolta sites, business partners, products and services (Scope 1, 2, and 3 reductions)	Total Scope 1, 2, and 3 Emissions Reductions^*2	Social and environmental value Reduction of CO₂ emissions (thousand tons)	27	47	91	33	62	60	110
	CO₂ reduction at the Konica Minolta production sites^*2 (Scope 1 and 2 reductions)	Social and environmental value Reduction of CO₂ emissions through energy conservation (thousand tons)	4	12	18	11	22	17	21
		Economic value Monetary equivalent of energy reduction (million yen)	79	270	450	410	720	630	800
		Social and environmental value Amount of CO₂ reduced through procurement of renewable energy (thousand tons)	7	10	20	3	14	13^*3	55
	CO₂ reduction from the use/procurement of Konica Minolta products and service (Scope 3 reductions: product use and procurement)	Social and environmental value Reduction of CO₂ emissions from Konica Minolta product use and procurement (thousand tons)	14	25	53	19	26	30	35
		Economic value Green Products sales (billion yen)	676	597	777	773	777	-	735
Energy use and CO₂ emissions reduction at business partners	Reduction of environmental impact at business partners using DX^*2 (Carbon Neutral Partner activities)	Social and environmental value Reduction of CO₂ emissions^*1 (thousand tons)	1.1	2.8	6.4	2.2	3.2	4.2	4.8
Energy use and CO₂ emissions reduction at business partners		Economic value Monetary equivalent of energy reduction (million yen)	16	43	103	46	71	95	110

Note:
Targets and results have been revised retrospectively to fiscal 2020 figures as the method of calculating the effects of measures was changed in fiscal 2021.Targets for fiscal 2024 and fiscal 2025 have been revised based on fiscal 2023 results.
*1 Contribution to CO₂ reduction: Volume of CO₂ emissions reduced at customers, business partners, and the broader society
*2 Cumulative reductions for each medium-term business plan period from fiscal 2020 to fiscal 2022 and fiscal 2023 to fiscal 2025. The reduction effects of measures implemented from the first fiscal year of each period to the relevant fiscal year are summed up for each fiscal year.
*3 The figures have been corrected due to errors found in the disclosures for fiscal 2024.

Click here for details on Task Force on Climate-related Financial Disclosures (TCFD).

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Results

Progress of the Medium-Term Plan for Fiscal 2024

■ Reducing Energy Use and CO₂ Emissions by Transforming Customer Processes (Contribution to Scope 4 Reductions)

As for reducing energy use and CO₂ emissions by transforming customer’s business processes (amount of contribution to Scope 4 CO₂ Reduction), the effects and sales results in the market for Konica Minolta’s main commercial and industrial printing machines progressed as planned, and the CO₂ reduction effect was mostly in line with the plan.

■ Progress of Plans for Reducing Energy Use and CO₂ Emissions at Konica Minolta Sites, Products, and Services (Scope 1, 2, and 3 Reductions)

Regarding the reduction of the environmental impact at our production sites, which corresponds to Scope 1 and 2 reductions, our energy conservation activities at major production sites progressed ahead of schedule and exceeded our targets. The benefits of procuring renewable energy are manifesting as planned.
However, in reducing the environmental impact of product life cycles, which corresponds to Scope 3 reductions, the number of products we sold that had energy conservation effects during use, as well as compactness and resource-saving features fell short of the plan, and the reduction effect was not achieved. We will continue to expand these effects by releasing products with even better environmental performance in fiscal 2025 and beyond.
In reducing the environmental impact of suppliers using DX, an activity conducted with the Company's suppliers, a total of eight suppliers achieved their targets, thanks to the Company's support with its energy conservation technology and the suppliers' own efforts. However, due to a review of the activity framework during the fiscal year, the total reduction amount fell short of the plan.

The Company has defined the CO₂ reduction amount from initiatives to reduce its own product life cycle CO₂ emissions (Scopes 1, 2, and 3), particularly those within the Company’s responsibility, as a key management indicator. It has also set this as a non-financial indicator for the performance-linked medium-term stock compensation for its executives. The Company has achieved the target set for fiscal 2024 and will continue to promote and execute the targets set in the medium-term business plan for fiscal 2025.

(For details on compensation, please refer to the "Governance Structure and Operation > About Executive Compensation" section.)

Plans and Progress for Reducing Energy Use and CO₂ Emissions at Konica Minolta Sites, Products, and Services (Scope 1, 2, and 3 Reductions)

■ Progress toward "Carbon Minus"

The Company's CO₂ emissions in its product lifecycle for fiscal 2024 were 784 thousand tons, a 62% reduction compared to fiscal 2005, reflecting the effects of its reduction efforts. The contribution to CO₂ reduction outside of its product lifecycle was 682 thousand tons, bringing the Company one step closer to achieving "Carbon Minus."

(For details on targets and results, please refer to the "Sustainability Targets and Results" section.)
For detailed data, please refer to the "Environmental Data (Excel)" on the "ESG Data Page."