Participating in External Initiatives

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.

In April 2021, Olympus announced its endorsement of the Task Force on Climate-related Financial Disclosures (TCFD^*), which was established by the G20 Financial Stability Board to encourage disclosure of information on risks and opportunities relating to climate change.

* The TCFD is a task force established by the Financial Stability Board (FSB) in response to a call by the G20, which considers how climate-related information should be disclosed and how financial institutions should respond.

In October 2023, Olympus’s greenhouse gas reduction targets were certified by the Science Based Targets initiative (SBTi^*1) as consisted with the 1.5-degree Celsius increase limit target set by the Paris Agreement. The targets are described below.

• Achieve net-zero ^*2 greenhouse gas emissions throughout the entire supply chain (Scope 1, 2, and 3) by FY2040.
• Reduce Scope 1 and 2 greenhouse gas emissions by 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.

Olympus joined the United States’ Healthcare Plastics Recycling Council (HPRC) in April 2024.
HPRC is a joint industry initiative consisting of members in the value chain (including healthcare professionals, manufacturers, and recyclers) to promote the recycling of healthcare plastics^*.

* Healthcare plastics are plastic materials utilized in the medical sector. These plastics are deployed in the manufacture of a range of medical equipment and instruments, pharmaceutical packaging, and medical devices.