Climate-related Financial Information Disclosure（TCFD）
Disclosure on four themes based on TCFD recommendations
Konica Minolta's environmental management is based on the concept of "growing our business by solving environmental challenges and also creating new businesses." The goal is to become a company that is vital to society by helping to solve climate change and other global environmental challenges while pursuing corporate growth. There is a limit to what one company can do on its own to solve the problem of global climate change. This is why Konica Minolta seeks to achieve Carbon Minus status by proactively contributing to the reduction of CO2 emissions on the planet. The Group defines “Carbon Minus status” as "making a greater contribution to CO2 reductions in areas outside the scope of our responsibility than the volume of CO2 emissions in areas we are responsible for." Konica Minolta’s aim is to quickly achieve a state wherein the Group contributes to emission reductions for customers and the broader society greater than the emissions directly related to its own products and operations (including Scope 1, 2, and 3 emissions). Konica Minolta hopes to accelerate the effects of decarbonization, broaden its ties with stakeholders, and grow its business together by not only fulfilling its social responsibilities but also helping all stakeholders fulfill theirs.
Transition Plan to a Low-Carbon Society
Konica Minolta has set a medium-term Science Based Targets (SBT) for CO2 emissions reduction in 2030 with the aim of helping to build a low-carbon society. As a transition plan to achieve the target, the Group has established short-, medium-, and long-term measures to reduce CO2 emissions for which we it is directly responsible by setting CO2 emissions reduction measures such as the development of energy-saving production technologies, introduction of renewable energy-derived electricity, conversion of its business to a paperless operation, and consideration of CO2-free fuels.
To review manufacturing strategy and dramatically boost profitability as the Group heads toward fiscal 2025, Konica Minolta is transitioning to a DX business in anticipation of a change in demand for "as a Service" product services, and is formulating a business plan to both generate sales and reduce CO2 emissions.
Specifically, Konica Minolta will promote Sustainable Solution activities that incorporate value for decarbonizing products and services at the planning and development stage, Sustainable Factory activities to achieve decarbonization during production, carbon neutral partner activities to achieve decarbonization together with suppliers, and sustainable marketing activities and the environmental digital platform to support customers' decarbonization in sales and services. In addition, Konica Minolta is considering moving up its plan to introduce renewable energy-derived electricity, especially in Europe, North America, Japan, China, and ASEAN.
Konica Minolta will transform its business portfolio as it heads toward 2025. As a result, there is a risk that Scope 1 and 2 emissions will increase due to the expansion of business, especially the Industry Business. Therefore, in addition to the measures above, the Company is also considering measures to reduce CO2 emissions by leveraging internal carbon pricing. This portfolio transformation will expand the Company’s industrial printing business domain, significantly reduce CO2 emissions at customers' sites, and help them achieve carbon zero status as quickly as possible. On-demand production, work style reforms, and edge computing will transform the mass production and mass disposal business model and help curb energy use in the digital society. For example, Konica Minolta provides services that transform customers’ workflows in the printing industry and other industries with on-demand printing and on-demand production, thereby improving the productivity of client companies and helping to reduce energy consumption by eliminating wasted uptime.
In 2018, Konica Minolta agreed to support the final report, “Recommendations of the Task Force on Climate-related Financial Disclosures,” of the Task Force on Climate-related Financial Disclosures (TCFD), established by the G20 Financial Stability Board (FSB). The Group will disclose its climate change initiatives using the TCFD framework.