Policy
Eco Vision 2050
Long-Term Environmental Target Eco Vision 2050
Given the urgency of global environmental issues, global businesses have a great responsibility to help build a more sustainable society by reducing environmental impact. With Eco Vision 2050, Konica Minolta exemplifies its determination to fulfill its long-term environmental responsibilities.
Eco Vision 2050
1-1. Reduce CO2 emissions throughout the product lifecycle by 61% by 2025, compared to fiscal 2005 levels and help to reduce more than 800 thousand tons of CO2 emissions other than those in Scope 1, 2, and 3 to achieve Carbon Minus*1 status
1-2. Reduce CO2 emissions throughout the product lifecycle to net zero by 2050
2-1. Reduce the use of natural resources*2 in our products by 90% or more by 2050
2-2. Contribute more to reducing use of natural resources through products other than our own
3. Work to promote restoration and preservation of biodiversity
*1 Carbon Minus: A state in which the Company’s contribution to CO2 reduction in customer and supply chain operations (Scope 4) exceeds its total emissions across product lifecycles (Scopes 1, 2, and 3).
*2 Natural resources: Resources that require new drilling or mining, such as crude oil or mineral resources, and are generally synonymous with depletable resources.
Addressing Climate Change
In Eco Vision 2050, its long-term environmental vision, Konica Minolta addresses one of the material issues, “addressing climate change,” from a long-term perspective. Konica Minolta established Eco Vision 2050 early in 2009 and has since promoted reductions in CO2 emissions across the entire product lifecycle (Scopes 1, 2, and 3). In May 2023, the Board of Directors approved revisions to Eco Vision 2050 and designated "addressing climate change" as one of the Company’s material issues. The Company therefore set goals to achieve net-zero product lifecycle CO2 emissions (Scopes 1, 2, and 3) by 2050 and to reach "carbon minus" status by 2025.
Net-zero refers to reducing greenhouse gas emissions to effectively zero. Based on the definition established by the SBTi, Konica Minolta will align its business with the goals of a decarbonized society.
To achieve net-zero CO2 emissions throughout the product lifecycle by 2050, the Company is actively adopting renewable energy and strategically advancing innovations in production processes and energy conversion to reduce energy-derived CO2 emissions (Scope 1) from fossil fuel use.
Regarding CO2 reduction contributions (Scope 4), the Company will expand its impact through its Professional Print and Industry businesses. It also aims to generate additional contributions through new businesses such as recycled plastics, perovskite solar cells, and biomanufacturing. By creating and increasing positive impacts for customers and society, Konica Minolta seeks to enhance the competitiveness of its business.
Using Limited Resources Effectively
In May 2023, Konica Minolta designated “Using Limited Resources Effectively” as one of its material issues, and set quantitative targets for 2050 in its long-term environmental vision, Eco Vision 2050. To achieve a business model that does not rely on natural resources* classified as depletable resources, the Company established the vision of "aiming for zero use of natural resources."
Specifically, Konica Minolta will not only reduce the amount of resources used in its products, but also proactively shift to circulated resources, including recycled materials and biomaterials, with the aim of reducing the use of natural resources by at least 90% by 2050.
At the same time, the Company will maximize the contribution to reducing the use of natural resources by customers and their supply chains through its business activities. In the provision of our products and services, we seek to transform our business model to one that does not depend on depletable resources, and to increase corporate value by synchronizing non-financial value with financial value through our business activities.
* Natural resources: Resources that require new drilling or mining, such as crude oil or mineral resources, and are generally synonymous with depletable resources.
