Konica Minolta Recognized as World Leader for Corporate Action on Climate Change
Concurrently Recognized by CDP Again as Leader for Climate Change Transparency
Tokyo (November 10, 2014) – For its actions to reduce carbon emissions and mitigate the business risk of climate change, Konica Minolta, Inc. (Konica Minolta) has been awarded with a position on The A List:The CDP Climate Performance Leadership Index 2014 (CPLI).
The index presents 187 listed companies identified as demonstrating a superior approach to climate change mitigation. It has been produced at the request of 767 investors who represent more than a third of the world's invested capital by CDP, the international NGO that drives sustainable economies.
Information provided by nearly 2,000 listed companies has been independently assessed against CDP’s widely-respected scoring methodology and ranked accordingly. Konica Minolta is one of the 187 that has been awarded an A grade for its climate performance, earning a position on this global ranking of corporate efforts to mitigate climate change. Among the 187 companies on the CPLI, 24 were Japanese including Konica Minolta.
On The A List: The CDP Climate Performance Leadership Index 2014, Konica Minolta is the only Japanese company featured in “Sector Profiles.”
Concurrently Konica Minolta has been recognized, two years in a row, as a leader for the depth and quality of climate change data it has disclosed to investors and the global marketplace through CDP. Konica Minolta's status is awarded with a position on the Japan 500 Climate Disclosure Leadership Index (CDLI), published in the CDP Japan 500 Climate Change Report 2014. This annual index highlights the constituent companies within the large Japanese 500 companies (Japan 500) including companies in the FTSE Japan Index.
In 2014 the Japan 500 CDLI comprises 28 companies achieving the disclosure score of 97 or more. Konica Minolta scored 98. High scores indicate the provision of robust climate data upon which decisions that will catalyze progress towards low carbon economies can be made. The index highlights companies providing a high level of transparency in their disclosure of climate-related information.
This year Konica Minolta is the only company in the Information Technology sector selected in both CPLI and CDLI.
In April 2014 the Konica Minolta Group launched a new Medium-Term Environmental Plan 2016, with the target year of fiscal 2016, as the action plan governing its current efforts to make progress towards Eco Vision 2050, a set of long-term goals that looks all the way out to the year 2050. In defining goals in the medium-term environmental plan, a materiality analysis was conducted to identify important issues that affect both the environment and the company, and the identified material risks and opportunities were incorporated into important themes and issues. Based on the process, the plan sets goals for both the reduction of environmental impact and corporate growth and drives initiatives globally. Among others, Konica Minolta works on CO2 emissions reduction across the supply chain through cooperation with suppliers by utilizing the company’s environmental know-how to assist suppliers in cutting down carbon emissions at their plants. The company’s environmental management has been highly commended for contributing to reduction of environmental impact at suppliers and in broader society, while keeping these efforts in sync with the growth of the corporation and its values.
The number of investors using CDP to understand better the economic risks and opportunities that climate change presents to their portfolio companies has increased on an annual basis. CDP disclosure scores are provided to investors and other decision makers through various channels to help them assess corporate preparedness for changing market demands and emissions regulation.
As a global company, Konica Minolta shares the growing consensus that accountability for contributions to climate change is a business imperative.
Under the brand proposition “Giving Shape to Ideas,” Konica Minolta is proud of these recognitions and intends to turn its bold ideas and innovative technologies into products and services with high level of environmental performance and continue to contribute to further reduction of carbon emissions in a global society.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.
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