Climate-related Financial Information Disclosure (TCFD)
Governance
Organizational Governance of Climate-related Risks and Opportunities
Konica Minolta positions its efforts to address climate change as one of the key areas managed under its sustainability management. Decisions regarding the setting or modification of key targets are made with the approval of the Board of Directors.
| Year | Approval Items for the Board of Directors |
|---|---|
| 2008 | Long-term environmental target (Eco Vision 2050): Reduce CO2 emissions across the entire lifecycle of Konica Minolta's products by 80% compared to fiscal 2005 levels by 2050. |
| 2017 | Carbon Minus Target: Contribute more to CO2 emission reductions in society and for customers than the emissions directly associated with our own products and operations, primarily through collaboration with our business partners and customers. |
| 2020 | Approval of Five Material Issues (including "Addressing Climate Change") |
| 2023 | Moved up the target year for achieving Carbon Minus to 2025, and set a new goal of achieving net-zero greenhouse gas emissions by 2050. |
| 2024 | The Compensation Committee selected "CO2 emission reductions through initiatives" as one of the evaluation indicators for medium-term stock-based compensation. |
At Konica Minolta, the President and CEO has ultimate responsibility for environmental management and provides overall direction, while the Group Environmental Officer is responsible for implementing the Board-approved medium-term plan and reports on its progress monthly.
For more details on our governance of environmental issues, including climate change, please see the Environmental Management System.
- For more details on our governance structure, please see here:
(Corporate Governance System > Governance Structure) - For more details on the evaluation and identification process for material issues, please see here:
(Sustainability > Material Issue Evaluation and Identification Process)
