Konica Minolta joins the TNFD Forum
July 31, 2024
Konica Minolta, Inc. (Konica Minolta) announced that the Company has joined the TNFD (Taskforce on Nature-related Financial Disclosures) Forum and announced that its net-zero targets have been validated by the SBT initiative.
Konica Minolta supports the TNFD recommendations to show its commitment to assessing the dependence and impact of its business on natural capital and coping with opportunities and risks.
At the World Economic Forum Annual Meeting (Davos meeting) in Switzerland in January 2024, it was announced that Konica Minolta was registered as one of the TNFD Early Adopters. In its annual securities report published in June 2024, the Company disclosed the results of its assessment of dependence and impact on natural capital in line with the TNFD Framework. By participating in the TNFD Forum, Konica Minolta will actively disclose information on natural capital and biodiversity.
Konica Minolta also announced that the Science Based Targets initiative (SBTi), which is an international initiative, has validated the Company’s Net-zero targets.
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 organisation to help attain the target of the Paris Agreement. 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.
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 said it 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.
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 said it 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.
Categories : Around the Industry
Tags : Business Konica Minolta Net Zero SBTI TNFD Forum
