Climate-related Financial Information Disclosure（TCFD）
Organizational Governance of Climate-related Risks and Opportunities
In 2008, Konica Minolta set the goal of reducing CO2 emissions across the entire lifecycle of its products by 80% compared to fiscal 2005. This target was approved by the Board of Directors. In 2017, the company added a Carbon Minus target as part of its commitment to contributing, working with business partners, customers and other stakeholders, to contribute to emission reductions for customers and the broader society greater than the emissions directly related to the company’s products and operations. In addition, in 2020 the Board of Directors approved the inclusion of “addressing climate change” as one of the five material issues that Konica Minolta would address in its long-term management vision and the decision to move the Carbon Minus target date forward to 2030 as its goal for addressing climate change.
At Konica Minolta, the president has the ultimate responsibility for and authority over climate change issues and is responsible for the effectiveness of environmental management, including climate change. The officers assigned by the president (Group environmental officers) pursue environmental management and prepare medium-term plans, while the progress of these activities is routinely reported to the Executive Committee and the Board of Directors where they are discussed as management issues. In addition, the Group’s environmental officers report every month to the president, chairman of the Board of Directors and the Audit Committee set up by the president on issues including progress made with environmental management and climate change issues. The Audit Committee routinely monitors and reviews the status of the overall implementation of environmental management led by the president.
In fiscal 2021, at the Board of Directors meeting held in May, we reported on the goals and priority activities of "Addressing Climate Change," one of the five material issues, as part of our medium-term sustainability management initiatives. In addition, at the Audit Committee meeting held in December, we reported on the sustainability management structure and control process including "Addressing Climate Change." Based on advice and questions from the Audit Committee, the Risk Management Committee has identified renewable energy-derived electricity as a risk monitoring topic for fiscal 2021. Thus, the company is pursuing the medium-term sustainability plan under the supervision of the Board of Directors.
Please refer to “Corporate Governance“ for more details on the governance structure.
For details on the evaluation and identification process for material issues, see Here.