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 800,000 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
			FY 2020	FY 2021	FY 2022	FY 2023	FY 2023	FY 2024	FY 2025
Reducing Energy Usage and CO2 Emissions by Transforming Customer Processes		Social and environmental value Amount of contribution to CO2 reduction (thousand tons)*1	578	585	624	630	630	690	800
		Economic value Solution sales (billion yen)	51	56	76	84	89	97	100
Energy Usage and CO2 Emissions Reduction Related to Konica Minolta Sites, Business Partners, Products and Services	Reduction of environmental impact of Konica Minolta production sites *2	Social and environmental value Amount of CO2 reduced through procurement of renewable energy (thousand tons)	4	12	18	11	6	17	21
		Economic value Monetary equivalent of energy reduction (million yen)	79	270	450	410	280	630	800
		Social and environmental value Amount of CO2 reduced through procurement of renewable energy (thousand tons)	7	10	20	3	3	13*3	55
	Reduction of life cycle environmental impact of Konica Minolta products (product use and procurement)	Social and environmental value Reduction of CO2 emissions (thousand tons)	14	25	53	19	22	30	35
		Economic value Sales from sustainable solutions (billion yen)	676	597	777	773	-	-	735
	Reduction of environmental impact at suppliers using DX*2	Social and environmental value Amount of contribution to CO2 reduction (thousand tons)*1	1.1	2.8	6.4	2.2	1.8	4.2	4.8
		Economic value Monetary equivalent of energy reduction (million yen)	16	43	103	46	42	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 FY2024 and FY2025 have been revised based on FY2023 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 FY2020 - FY2022 and FY2023 - FY2025. 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

In our disclosure for fiscal year 2024, an error was discovered, so the figures have been revised.

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

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Results

Progress of the Medium-Term Plan for Fiscal 2022

The results of fiscal 2023 in terms of reducing energy usage and CO₂ emissions by transforming customer processes showed that the effects and sales results in the market for our mainstay commercial and industrial printing machines progressed as planned, and we also achieved the CO₂ reduction effects as anticipated.
Regarding the reduction of the environmental impact at our production sites, which corresponds to Scope 1 and 2 reductions, our energy-saving initiatives 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-saving effects when used and are compact and resource-saving fell short of the plan, and the reduction effect was not fully achieved. We will continue to expand these effects by releasing products with even better environmental performance in fiscal 2024 and beyond. In reducing the environmental impact of suppliers using DX, an activity we conduct with our suppliers, we have achieved our target of reducing the environmental impact earlier than planned due to the efforts of our suppliers, supported by our energy-saving technology.

Progress on Achieving Carbon Minus Status

CO₂ emissions in the lifecycle of Konica Minolta products in fiscal 2023 were approximately 750,000 tons, 63% reduction compared to fiscal 2005. This result was due to the visible effects of the Company’s CO₂ emissions reduction efforts. Konica Minolta’s contribution to CO₂ emissions reduction outside of its products’ lifecycles was 630,000 tons, bringing it one step closer to Carbon Minus status.

(For more information on targets and results, please refer to Sustainability Targets and Results)
For detailed data, please refer to, the Environmental Data (Excel) on the ESG Data page.