Participation in Initiatives
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Toward the Realization of a World Where No One is Left Behind
Endorsement of the United Nations Global Compact
In December 2008, Konica Minolta signed the United Nations Global Compact and became a member of the UN Global Compact Network Japan. The Global Compact identifies ten universal principles in the four areas of human rights, labor, the environment, and anti-corruption, and requires companies around the world to continue their efforts to realize these principles.
Response to Task Force on Climate-related Financial Disclosures (TCFD)
Konica Minolta has expressed its support for the final report “Recommendations of the Task Force on Climate-related Financial Disclosures” of the Task Force on Climate-related Financial Disclosures (TCFD), established by the G20 Financial Stability Board (FSB), and discloses its climate change initiatives in line with the TCFD framework. The Group has participated in the TCFD Consortium since its inception in 2019 and engages in dialogues with investors and financial institutions at TCFD Consortium Roundtables. The Group has been an original member of the TCFD Consortium since its inception in 2019.
However, TCFD completed its mission and was disbanded in October, 2023, and its activities were taken over by the International Sustainability Standards Board (ISSB).
Compliance with the Task Force on Nature-related Financial Disclosures (TNFD) Framework
To clarify its stance on the dependency and impact of its business on natural capital, the assessment thereof, and its commitment to addressing related opportunities and risks, Konica Minolta supports the principles and recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). In fiscal 2024, the Company registered as a TNFD early adopter company and became a member of the TNFD Forum. It discloses its assessment of the dependency and impact of its business on natural capital in accordance with the TNFD framework.
Toward the Realization of the Paris Agreement
In participating in each initiative, Konica Minolta's Group Environmental Officer, appointed by the President and CEO, determines whether the initiative is consistent with the Company’s environmental policy, climate change initiatives, and other factors, and whether alignment with the Paris Agreement can be ensured, reporting the results to the President and CEO.
Participation in the Japan Climate Initiative to Achieve Paris Agreement
Konica Minolta has participated in the Japan Climate Initiative (JCI), a platform for companies, local governments, and NGOs aiming to achieve a decarbonized society, since its establishment 2018. As a non-state actor, the Company is committed to staying at the forefront of the challenge to achieve a decarbonized society, as required by the Paris Agreement.
At the 2019 Japan Climate Action Summit, a senior executive from the Group took to the stage as a panelist at the forefront of corporate efforts toward a decarbonized society. He shared an of approach toward a decarbonized society was with the world.
In April 2024, Konica Minolta issued a message through JCI calling on the Japanese government to improve carbon pricing to achieve emissions reductions at international standards, and in November, the Company issued a message calling on the Japanese government to adopt ambitious 2035 targets consistent with the 1.5°C target.
<JCI message>
- The Japanese government to raise its renewable energy share to 40-50% in its 2030 electricity mix
- To raise Japan’s 2030 GHG reduction target (NDC) to 45% or more
- Now is the time to accelerate renewable energy deployment
- Carbon pricing proposals: Aiming to simultaneously achieve the 2030 GHG reduction target and strengthen international competitiveness
- Call for an ambitious 2035 target that is consistent with the 1.5°C goal
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.
Participation in RE100, Which Aims to Run Businesses with 100% Renewable Energy
Konica Minolta is a member of "RE100," a global leadership initiative for companies to cover 100% of the electricity they use in their own business activities with renewable energy, in order to achieve the goals of the Paris Agreement.
The Company aims to procure 100% of the electricity used in its business activities from renewable energy sources by 2050.
In 2024, an "RE100 Member Meeting" was held in Japan to discuss challenges and solutions for the spread of renewable electricity, and the Company participated as a member company.
Going forward, the Company will continue to explore optimal methods globally, taking into account the circumstances of each region, and will strengthen its efforts to expand the procurement and adoption of renewable electricity.
For more details:
Activities Intended to Spread Renewable Electricity [RE-Users]
In 2023, Konica Minolta issued policy proposals through the Renewable Energy Institute regarding issues and solutions for spreading renewable electricity in Japan.
<Endorsement of the RE-Users policy proposal>
CO2 Reduction Target Approved by the Science Based Targets (SBT) Initiative
Konica Minolta's CO₂ emission reduction targets have been approved as science-based targets by the Science Based Targets initiative (SBTi), a global initiative that promotes sustainable companies aligned with the Paris Agreement. In 2024, the Company’s targets were confirmed to be consistent with the latest SBTi Corporate Net-Zero Standard, which aligns with a 1.5°C emission pathway, and the Company completed updating its previous targets, which were SBT certified in 2017.
Participation in the Race to Zero Campaign
Konica Minolta is participating in the Race to Zero campaign launched on World Environment Day 2020 (June 5) by the United Nations Framework Convention on Climate Change (UNFCCC).
As a non-state actor, we aim to reduce greenhouse gas emissions to net zero by no later than 2050, and to halve them by 2030.
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 to achieve a decarbonized society by sharing specific information on how it is innovating to meet ambitious goals that will apply to a carbon-free Japan. By actively striving to develop net-zero emissions technology and fostering an upward spiral of environmental protection and business growth, the Group aims to contribute to achieving Keidanren’s “Society 5.0 for SDGs” initiative, which aims to solve social issues through innovation.
Addressing Inconsistencies in Industry Associations' Positions on Climate Change
Konica Minolta actively participates in industry associations and initiatives whose activities align with the Group’s views and direction toward realizing the Paris Agreement and addressing the challenges of climate change. The activities of these associations and initiatives, including advocacy and campaign activities, are regularly reviewed to ensure alignment and coherence with Konica Minolta’s climate change approach. If measures are found inadequate or substantial discrepancies arise, Konica Minolta will consider, including the possibility of withdrawing from the relevant organization or initiative.
Toward the Building of a Responsible Supply Chain
Responsible Business Alliance (RBA)
Konica Minolta joined the RBA in October 2013 and has been acting as a member to strengthen its CSR-oriented procurement practices in the supply chain.
The RBA, whose members include many of the world’s leading electronics manufacturers and major suppliers, works collectively to improve workers' rights (human rights and working conditions), ethics, and health and safety in the supply chain.
Responsible Minerals Initiative:RMI
Konica Minolta promotes programs on responsible mineral procurement in cooperation with external organizations.
Konica Minolta is a member of the RMI, which leads global initiatives for responsible mineral sourcing. the RMI has developed the globally adopted Responsible Minerals Reporting Template and promotes an audit program to assess and certify smelters and refiners as conflict-free, along with various other initiatives 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 on responsible mineral procurement among IT and electronics companies in Japan.
Toward the Realization of a Circular Economy
Participation in Japan Partnership for Circular Economy (J4CE)
In 2021, Konica Minolta joined the Japan Partnership for Circular Economy (J4CE), which was established by the Ministry of the Environment, Ministry of Economy, Trade and Industry and the Japan Business Federation. Konica Minolta is pursuing open innovation that transcends corporate and industrial boundaries, and fostering social implementation of a circular economy by publicly declaring its commitment to ambitious challenges that will bring society closer to a cyclical economy.
Participation in "Circular Partners"
Konica Minolta joined Circular Partners in 2024. This public-private partnership was established by the Ministry of Economy, Trade and Industry to promote the “Growth-Oriented Resource Autonomous Economy Strategy.” By sharing knowledge and successful case studies with other companies, local governments, and research institutions, and leveraging policy incentives, Konica Minolta aims to create new business opportunities.
Toward Biodiversity Conservation
Endorsement of the Initiative on Declaration of Biodiversity by Keidanren
Konica Minolta supports the Initiative on Declaration of Biodiversity by Keidanren, established by the Keidanren and Keidanren Committee on Nature Conservation. With the aim of realizing a sustainable society, the Company is promoting efforts to address the seven items that comprise the Keidanren Declaration for Biodiversity and Guideline (Revised Edition).
Other
Participation in the Electrical and Electronics Industries’ “Carbon Neutrality Action Plan”
Konica Minolta is participating in the Carbon Neutrality Action Plan, an industry-wide effort to combat global warming promoted by the Liaison Group of Japanese Electrical and Electronics Industries for Global Warming. Under Phase 2 of the Action Plan, an ambitious target has been set to reduce CO2 emissions by about 46% from the fiscal 2013 level by 2030. As a member company, Konica Minolta is working to achieve this goal through various reduction activities as a member company.
Publication of Advocacy Statements
Konica Minolta shares information on its cutting-edge environmental initiatives, such as its climate change response, with the world at summits and important international conferences.
Past advocacy activities: