The Nikon Long-Term Environmental Vision, which looks ahead to fiscal year ending March 2051 was formulated to proactively address environmental risks and regulations. It comprises three pillars believed to be particularly important in consideration of the global situation and the characteristics of Nikon’s business, which uses limited resources to manufacture and sell products. To reflect societal trends and changes in the business environment, in the fiscal year ended March 2021 the Nikon Group revised our Materiality. The Group also updated the Nikon Medium-Term Environmental Goals in line with this revision and is advancing a range of initiatives in these areas.
Reason for Priority
As the impact of climate change becomes more pronounced and the associated social and economic losses and damages become more severe, the 1.5°C target for limiting the global average temperature rise was effectively and formally agreed upon as a new global goal at the 26th Conference of the Parties (COP26) of the United Nations Framework Convention on Climate Change. To achieve this goal, greenhouse gas emissions must be reduced to virtually zero by 2050. In order to realize long-term environmental goals, companies need to establish environmental strategies, build frameworks for environmental management based on this strategy, and steadily implement initiatives within these frameworks.
Simultaneously, there is a need to shift away from the traditional linear economy characterized by a cycle of mass production, consumption, and waste generation toward a circular economy, in which resources are recycled and reused. In addition, with regard to chemical substances contained in products, there has been a steady expansion in the scope of substances that are subject to regulation, as well as in the geographical areas in which such regulations apply. Companies need to take steps to reduce environmental impact throughout the product lifecycle, and to respond appropriately and reliably to the aforementioned regulations in their business activities.
In the Nikon Long-Term Environmental Vision, Nikon strives toward “Realizing a Decarbonized Society,” “Realizing a Resource Circulating Society,” and “Realizing a Healthy and Environmentally Safe Society.” With this, we have established the Nikon Medium-Term Environmental Goals as specific goals to be achieved by the fiscal year ending March 2031.
As an example, in our efforts to realize a decarbonized society, we aim to reduce greenhouse gas emissions from business facilities by 71.4% compared to the fiscal year ended March 2014 by the fiscal year ending March 2031. This is in order to achieve carbon neutrality by the fiscal year ending March 2051. This target was certified by the Science Based Targets (SBT) initiative. We are also a member of RE100 and are working to introduce renewable energy.
With regard to climate change, Nikon recognizes the risk of extreme weather events, which are becoming increasingly serious every year, as well as the business opportunity to contribute to decarbonization and resource circulation by leveraging its core technologies. The Medium-Term Management Plan, which was launched in April 2022, also includes a sustainability strategy as one of its pillars. Here, we will contribute to building a sustainable society while balancing environmental friendliness and business growth.
Director and Executive Vice President
Corporate Environmental Officer
This section discusses the Nikon Group Long-Term Environmental Vision and Medium-Term Environmental Goals. We also address the Environmental Action Plan, which we treat as a single-year goal.
The Nikon Group conducts product assessments from the product planning and design stages, taking into account the impact on the environment. Among them, we certified products that conform to more rigorous standards in product assessment are classed as either Eco-friendly Products or Super Eco-friendly Products.
For more information, refer to Environmental Strategy and Environmental Management Promotion System in the Sustainability Report.
- Long-Term Environmental Vision and Medium- Term Environmental Goals
- Environmental Action Plan
- Participation in Environmental Initiatives
- Environmental Governance
- Environmental Management System
- Environment-related Risk Management System
- Business Activities and the Environment
- Eco-friendly Product Development
- Environmental Education and Awareness Raising Activities for Employees