In October 2004, Olympus joined the UN Global Compact, agreeing to uphold its 10 principles.
The Global Compact is a voluntary initiative to create a global framework within which companies can contribute to good corporate citizenship and sustainable growth through responsible and creative leadership.
The 10 principles of the Global Compact are incorporated into our Olympus Global Code of Conduct and related policies, and are reflected in our business activities.
Olympus has supported initiatives on climate change as a signatory to the Global Compact’s “Caring for Climate.”
In addition, Olympus has expressed its support for the Global Compact Network Japan’s “Tokyo Principles for Strengthening Anti-Corruption Initiatives” and participates in subcommittee activities by topic.
Participating in External Initiatives
Commitment to External Initiatives
UN Global Compact
Task Force on Climate-related Financial Disclosures
The Financial Stability Board created the Task Force on Climate-related Financial Disclosures (TCFD) to improve and increase reporting of climate-related financial information including risks and opportunities. In April 2021, Olympus announced that it would endorse the final recommendations issued in June 2017 by TCFD.
SBTi※1（The Science Based Targets initiative）
The Science Based Targets initiative※1 (SBTi) has verified in October 2023, Olympus’s net-zero※2 science-based target by 2040. The net-zero target, which was included in the Company Strategy announced in May 2023, is to achieve net-zero greenhouse gas emissions (Scope 1, 2, and 3) for the entire supply chain by 2040 and was certified as a goal consistent with the 1.5 degrees Celsius increase limit target defined by the Paris Agreement. It also included a near-term target to reduce absolute Scope 1 and 2 GHG emissions 70% by FY2031.
※1 An international initiative jointly established by WWF, CDP, the World Resources Institute (WRI), and the UN Global Compact. They encourage companies to set science-based greenhouse gas reduction targets in order to limit the increase in the average global temperature due to climate change to 1.5 degrees Celsius above pre-industrial levels.
※2 Net zero means reducing greenhouse gas emissions (Scope 1, 2, and 3) as much as possible (at least 90%) in line with the latest climate science (1.5°C scenario) and using credits derived from carbon sequestration and removal (such as afforestation and CO2 capture and storage) for an amount equivalent to the residual greenhouse gas emissions (less than 10%) to achieve a balance.