Konica Minolta’s Net-zero Targets Validated by the SBT initiative
Accelerating Science-based Reduction of Greenhouse Gas Emissions to “1.5°C Levels”

The SBTi was jointly established by CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) in 2015 as an organization to help attain the target of the Paris Agreement.^*1 It helps companies to set science-based targets and validates these targets with the aim of limiting the global average temperature rise to 1.5°C.

Thus far, the net-zero targets of 1,031 companies around the world have been validated by the SBTi. In Japan, the targets of 45 Japanese companies, including Konica Minolta, have been validated.^*2

Targets Validated by the SBTi

In 2017, Konica Minolta was validated by the SBTi as “science-based greenhouse gas emissions reduction targets to limit the temperature rise to less than 2°C.” In acquiring this latest validation, Konica Minolta completed the process of updating its targets in conformity with the latest SBTi Net-Zero Standard and in line with the emissions pathways to 1.5°C.

Under the philosophy “The Creation of New Value,” Konica Minolta has been promoting environmental management focusing on creating new value, in both social and economic terms, by continuing efforts to reduce environmental impact in a manner compatible with corporate growth over the entire range of its business activities.

In 2009, Konica Minolta formulated Eco Vision 2050 as its long-term environmental vision. Since then, in “addressing climate change,” the Company has worked on reducing CO₂ emissions throughout the life cycle and steadily produced results. In recent years, the Company has also been focusing on introducing renewable energy: 100% of the electric power used at all its MFP production sites outside Japan comes from renewable energy.

By 2025, Konica Minolta aims to attain the Carbon Minus status, whereby avoided CO₂ emissions beyond emissions are made in cooperation with customers and suppliers. The Company will enhance its core technologies, which have been refined by respective businesses, through the use of AI and by combining technologies across business domains, helping to further reduce energy consumption and CO₂ emissions by transforming the workflow and supply chain, and creating businesses to become a company needed by society.

Under the brand proposition “Giving Shape to Ideas,” Konica Minolta aims to work with all of its stakeholders to reduce environmental impact, thereby helping to solve climate change and other global environmental problems and creating greater shared value.

*1:An international framework adopted at the United Nations Framework Convention on Climate Change (COP21) to reduce greenhouse gas emissions with the participation of all countries and regions

*2:As of July 25, 2024

*3:Scope 1 – “Direct emissions” from companies through the use of fuel, etc.
Scope 2 – “Indirect emissions” through the use of electricity, heat, and steam supplied from other companies
Scope 3 – Emissions related to the companies’ own business activities generated in the value chain, such as procurement of raw materials, logistics, and the use of products, other than Scopes 1 and 2

*4:To neutralize emissions that cannot be reduced even through reduction initiatives in line with the 1.5°C emissions pathways (residual emissions) by means of forest absorption, carbon removal technologies, and other methods outside the value chain