The Olympus Group is fully aware that the recent climate change and ecosystem deterioration brought about by excessive environmental impact and pollution is an issue we need to address promptly. In May 2021, we added "carbon neutral society and circular economy" to our materiality items.
In addition, we announced our endorsement of the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)*1, and set the target for carbon neutrality to achieve net zero CO2 emissions for our entire business operations by 2030. To achieve this target, we continue to improve production efficiency and implement further energy-saving measures, as well as gradually replacing the energy used by all of our business sites*2 with renewable energy sources by 2030.
We also recognize the importance of reducing environmental impact across the supply chain and continue with the modal shift in transportation, improvements in logistical efficiency, reductions in energy consumption and the weight of products and green procurement.
*1 Based on a G20 request, the Task Force on Climate-related Financial Disclosures (TCFD) was established by the Financial Stability Board (FSB) to review climate-related disclosure and the response of financial institutions. In 2017, TCFD developed recommendations for more effective climate-related disclosure that could affect the financial impact. This recommendation was evaluated to promote sustainable investment in economic activities that can respond to climate-related uncertainty. One thousand nine hundred companies and organization all over the world have announced their support for the recommendations (at March 25, 2021).
*2 Excluding rental properties, such as sales sites.
- Substantially zero CO2 emissions in our business operations by 2030.
- Converting our purchased electricity to renewable energy sources by 2030.
Goals and achievements
|Items||KPI||Definition of KPI||Results||Target|
|Initiatives on climate change||CO2 emissions||CO2 emissions from Olympus Group's business sites||Reduced by 13.2% compared to FY2018||Reduced by 16.0% compared to FY2018||Reduced by 25.7% compared to FY2018||Reduce by 21% compared to FY2018||Substantially zero|
|Renewable energy rate in purchased electricity||Renewable energy sources rate in the electricity used in all of our business sites*3||9.7%||11.6%||10.9%||Improve compared to the previous fiscal year||100%|
|Endorsement of TCFD recommendation||Endorsement of TCFD recommendation||NO||NO||NO||YES||YES|
*3 Excluding rental properties, such as sales sites.