Konica Minolta Given the Highest Evaluation by CDP and Included on the Climate A List 2020
Recognized as a Global Leader in Combating Climate Change
December 24, 2020
Tokyo (December 24, 2020) – Konica Minolta, Inc. (Konica Minolta) has been awarded a global leadership position on the Climate A List by CDP, an international not-for-profit organization engaged in activities to realize a sustainable economy, for the fifth time.
The Climate A List
The Climate A List comprises companies that have been recognized as global leaders for their actions and strategies in response to climate change.
Of more than 5,800 companies around the world that were covered by CDP’s survey, 270 companies (including 53 Japanese companies) were included on the Climate A List this year for their actions to reduce CO2 emissions and mitigate climate change.
Konica Minolta considers its response to climate change and disclosure of information on the process and results of its response were reasons for its inclusion on the Climate A List.
Konica Minolta’s Approach to Climate Change Problems
With the establishment of its long-term management vision and the DX2022 medium-term business strategy, Konica Minolta has committed to achieving carbon minus* status ahead of schedule, by 2030 instead of 2050.
The company is determined to promote on-demand production, workstyle reform and edge computing to depart from the conventional business model of mass production and mass disposal, and contribute to accelerating the shift towards a paperless society and reducing energy usage in a digital society.
By promoting digital transformation (DX), the company is speeding up its efforts to work with more companies, including customers and business partners, to reduce environmental impacts more extensively. To be specific, the company aims to significantly reduce its environmental footprint and strengthen the bottom line by digitalizing its “green supplier activities” to share its environmental expertise with suppliers, and to successfully operate the Environmental Digital Platform launched in June 2020, thereby realizing sustainable growth.
*Carbon minus represents Konica Minolta’s commitment to reducing CO2 emissions throughout its business activities to a level exceeding the CO2 emissions of the entire lifecycle of its products by working with stakeholders, such as business partners and customers.
Introducing a New Framework for Climate-related Financial Disclosures
In June 2017, the Task Force on Climate-related Financial Disclosures (TCFD), which was established by the G20’s Financial Stability Board (FSB), published its final report titled “Recommendations of the Task Force on Climate-related Financial Disclosures.”
Konica Minolta declared its endorsement of the Recommendations in the belief that for a company to grow sustainably, it is critical to accurately assess climate-related risks and opportunities concerning business management and to actively disclose information to a broad range of stakeholders, including investors. The company discloses its efforts to address climate change problems through the TCFD framework, in its Integrated Report and the Sustainability section of its website.
Integrated Report 2020 (pp.53-54):
Sustainability section of Konica Minolta’s website:
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who have disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition.
Reference: Evaluation by External Parties
Konica Minolta is currently included in global ESG indexes and is ranked high in the ESG ratings, as shown below.
|Dow Jones Sustainability Index (USA)||World Index (DJSI World): Included in the index consecutively since 2012|
Asia Pacific Index (DJSI Asia Pacific): Included in the index consecutively since 2009
|FTSE4Good Index Series (UK)||Included in the index consecutively since 2003|
|FTSE Blossom Japan Index (UK)||Included in the index consecutively since its establishment in 2017|
|MSCI Japan ESG Select Leaders Index (USA)||Included in the index consecutively since its establishment in 2017|
|MSCI Japan Empowering Women Index (USA)||Included in the index consecutively since its establishment in 2017|
|S&P/JPX Carbon Efficient Index (USA, Japan)||Included in the index consecutively since its establishment in 2018|
|S&P Global (USA)||Awarded Silver Class in the SAM Sustainability Award 2020|
|Corporate Knights (Canada)||Ranked among the Global 100 Most Sustainable Corporations in the World (2011, 2019 and 2020)|
|ISS-oekom (Germany)||Maintained the highest Prime Status since 2011|
|Ethibel (Belgium)||Selected for the investment universe of Ethibel Pioneer and Ethibel Excellence (May 2020)|
|CDP (UK)||Included on the Climate A List (2013, 2014, 2016, 2017 and 2020)|