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 Global Compact Japan Network. 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 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. In light of this, Konica Minolta agreed to support 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).
The Group discloses its climate change initiatives using the TCFD framework and has engaged 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 upon the release of its status report on October 12, 2023.

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, its assessment of such, and its commitment to addressing opportunities and risks, Konica Minolta supports the principles and recommendations of the Task Force on Nature-related Financial Disclosures (TNFD). In January 2024, Konica Minolta registered as a TNFD early adopter company at the World Economic Forum’s Annual Meeting in Davos, Switzerland. The Company is also a member of the TNFD Forum, an organization that supports the TNFD Task Force. It has assessed the dependency and impact of its business on natural capital and has disclosed it in accordance with the TNFD framework.

• TNFD forum website

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Toward the Realization of the Paris Agreement

In participating in each initiative, Konica Minolta's Group Environmental Officer, appointed by the President, determines whether the initiative is consistent with the environmental policy and climate change initiatives, and whether it aligns with the Paris Agreement, reporting to the President.

Participation in Japan Climate Initiative to Achieve Paris Agreement

The Japan Climate Initiative (JCI) is a platform where 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, the Group Environmental Officer participated in a panel discussion, speaking as a representative of approach towards a decarbonized society was described as part of its goal of achieving Carbon Minus status worldwide, where society and customers contribute more to emissions reductions (reductions outside of Scope 1, 2 and 3) than the emissions directly related to the Company’s products and operations (Scope 1, 2 and 3 emissions).
In April 2023, Konica Minolta announced through JCI its call for the Japanese government to accelerate the introduction of renewable energy and to implement effective carbon pricing as soon as possible.
Further, in December, we called on the Japanese government to simultaneously achieve its 2030 GHG emissions reduction target and strengthen its international competitiveness. In 2024, Konica Minolta endorsed the JCI message calling on the Japanese government to set an ambitious target for 2035 that is 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
• JCI Comment on Japan’s new GHG target by 2030
• Now is the time to accelerate renewable energy deployment
• Towards the achievement of the 2030 GHG emission reduction target and increased 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.

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Participation in RE100, Which Aims to Run Businesses with 100% Renewable Energy

Konica Minolta joined RE100, a global leadership initiative operated by The Climate Group, an international NGO that promotes decarbonization with the aim of achieving the goals of the Paris Agreement.
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 a target of increasing the utilization rate of electricity derived from renewable energy to more than 50% 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.
In February 2024, the Climate Group, organizer of RE100, and 75 RE100 participating companies gathered for the 2024 RE100 Members Meeting to discuss the direction of Localized Policy Messages (LPMs), which present challenges and solutions for the spread of renewable energy in Japan, and Policy Engagement Plan (PEP), which deliver these messages to policymakers. Konica Minolta participated as a member company.
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:

• Introducing Renewable Energy at Company Sites

Activities Intended to Spread Renewable Electricity [RE-Users]

In June 2023, Konica Minolta announced through the Renewable Energy Institute its policy proposals regarding issues and solutions for spreading renewable electricity in Japan.

<RE-Users policy proposal>

• Issues and Recommendations on Renewable Electricity Procurement

CO₂ Reduction Target Approved by the SBT Initiative

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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 seek to reduce greenhouse gas emissions to net zero by not later than 2050, and cut them in half 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 by sharing specific information on how it is innovating to meet ambitious goals that will apply4 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.

*

Challenge Zero (Challenge Net Zero Carbon Innovation):
A new initiative launched 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).

• Challenge Zero website

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 appｌication 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.

Addressing Inconsistencies in Industry Associations' Positions on Climate Change Policies

Konica Minolta actively participates in industry associations and initiatives aligned with the Company’s commitment to realizing the goals of the Paris Agreement and addressing climate change. The activities of these industry associations and initiatives, along with Konica Minolta’s stance on climate change, are regularly reviewed to ensure alignment and coherence. Any significant discrepancies between these activities and Konica Minolta’s approach are carefully assessed for consistency and compliance. If measures are found inadequate or substantial inconsistencies arise, Konica Minolta will consider withdrawing from the relevant organization or initiative.