Participation in Initiative
Supporting the UN Global Compact
In December 2008, Konica Minolta signed the United Nations Global Compact. The Global Compact identifies ten universal principles on human rights, labor, the environment, and anti-corruption, and requires companies around the world to support and abide by these principles.
Responding to the Task Force on Climate-related Financial Disclosures (TCFD)
The Task Force on Climate-related Financial Disclosures (TCFD), established by the G20 Financial Stability Board (FSB), released its final report, entitled “Recommendations of the Task Force on Climate-related Financial Disclosures,” in June 2017.
Konica Minolta believes that accurately assessing the risks and opportunities related to climate in its business operations and actively disclosing information to investors and a wide range of other stakeholders is essential for a company capable of sustainable growth. Being one of the supporters of the TCFD, Konica Minolta agreed to support the final report. The Group will disclose its climate change initiatives using the TCFD framework.
Participation in RE100, Which Aims to Run Businesses with 100% Renewable Energy
Konica Minolta joined RE100, a global leadership initiative that brings together businesses committed to sourcing 100% renewable energy for their operations.
Konica Minolta aims to procure 100% of the power used in its own business activities from renewable energy sources by 2050. By doing so, Konica Minolta will accelerate its efforts to achieve Eco Vision 2050 while also helping to reduce global CO2 emissions by expanding the use of renewable energy. As a medium-term step toward achievement of its long-term goal, Konica Minolta set an internal target of sourcing renewable energy for 30% of its energy use by 2030. The Group will start reviewing its power procurement contracts one by one at production sites and sales sites, starting with countries and regions where renewable energy power is relatively widespread, and switch over to renewable energy, beginning with those sites where it is possible.
Going forward, Konica Minolta will continue to look for the most suitable methods for each region worldwide and will step up efforts to expand the procurement of renewable power.
For more details:
CO2 Reduction Target Approved by the SBT Initiative
When formulating the Medium-Term Environmental Plan 2019, Konica Minolta backcasted from Eco Vision 2050 to set a medium-term goal for the year 2030, to reduce CO2 emissions throughout the product lifecycle by 60% from fiscal 2005 levels.
The goal was approved by the international SBT Initiative* as a target with a scientific basis.
- SBT Initiative: Jointly established in 2015 by CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBT Initiative’s aim is to promote the achievement of science-based targets (SBTs) for greenhouse gas emissions reduction, in order to keep the increase in global average temperature to well below 2°C above pre-industrial levels.
Responsible Business Alliance (RBA)
Konica Minolta joined the RBA in October 2013 and has been acting as a member to strengthen its CSR procurement in the supply chain.
The RBA, which is made up of more than 150 companies, including the world’s leading electronics manufacturers and their major suppliers, works to improve worker rights (human rights and working conditions), ethics, health, and safety in the supply chain.
Responsible Minerals Initiative(RMI)
Konica Minolta promotes programs addressing conflict minerals in cooperation with external organizations.
Konica Minolta is a member of RMI, which leads global initiatives on conflict mineral issues. RMI’s Conflict Minerals Reporting Template is adopted worldwide. RMI also operates a program that certifies which SORs are conflict-free, and it operates other activities designed to promote a responsible supply chain for mineral procurement.
In Japan, Konica Minolta participates in JEITA’s Responsible Minerals Trade Working Group. This working group promotes programs addressing conflict mineral issues among IT and electronics companies in Japan.
Participation in Japan Climate Initiative to Achieve Paris Agreement
The Japan Climate Initiative (JCI) is a platform in which companies, local governments, NGOs, and other organizations participate with the aim of achieving a decarbonized society. Konica Minolta joined as an initial member when the JCI was established in July 2018. At JCI's Japan Climate Action Summit 2019 held in October, Group executive Takenori Takahashi participated in a panel discussion, speaking as a person on the frontlines of corporate efforts to achieve a carbon-free world. In front of 700 attendees, he expressed Konica Minolta's strong determination to achieve Carbon Minus status worldwide. He explained that the Group is working with business partners and customers to reduce CO2 emissions for society by an amount greater than the company’s total Scope 1, 2 and 3 emissions as a whole. As one of a diverse group of non-state actors, Konica Minolta promises to put itself at the forefront of global endeavors to achieve the decarbonized society sought by the Paris Agreement.
Participating in the “Challenge Zero” Initiative of Japan Business Federation (Nippon Keidanren)
Konica Minolta endorses Nippon Keidanren's Declaration on “Challenge Zero.”* The Group participates by sharing specific information on how it is innovating to meet ambitious goals that will contibute to a carbon-free Japan. By actively striving to develop net-zero emissions technology and generating an upward spiral of environmental protection and business growth, the Group aims to help achieve Keidanren's "Society 5.0 for SDGs" initiative, which aims to solve social issues through innovation.
Achieving Net-Zero Plastic-Related CO2 Emissions in Multi-functional peripherals with Material Technologies That Use Biomass-Derived and Waste Resources
Konica Minolta aims to achieve net-zero plastic-related CO2 emissions from its Multi-functional peripherals (MFPs) by developing even more advanced technologies for recycling waste materials as high-performance materials. The use of biomass-derived materials and waste materials to create high-performance materials for MFPs and other devices generally faces an uphill climb: performance is typically lower and ensuring consistent product quality is more difficult than when using virgin materials made from petroleum. The company’s technologies make it possible to utilize biomass-derived materials instead of the petroleum-based materials typically used in MFPs and consumables such as toner. Konica Minolta is developing new types of plastics that solve these problems, leveraging its years of experience with original material and molding technologies, and combining material development, material selection and processing technology.
Practical appication of these technologies will go beyond the MFPs Konica Minolta sells. The company will also provide them via its Environmental Digital Platform, sharing them with various companies, expanding the circle of cooperation globally, and dramatically increasing the effect.
- About "Challenge Zero"
“Challenge Zero” is a new initiative established in June 2020 by the Japan Business Federation (Keidanren) in collaboration with the Japanese government. It aims to proactively publicize and support innovative action taken by companies and organizations to help build the "decarbonized society" which is the long-term goal of the Paris Agreement (the international framework on climate change).