Reason for Priority
With the impact of climate change becoming more severe, there have been calls to reduce CO2 emissions to virtually zero by 2050 in order to achieve the goal of keeping the rise in average global temperature to within 1.5°C which was advocated in a special report by the Intergovernmental Panel on Climate Change (IPCC). In order to realize long-term environmental goals, companies need to establish an environmental strategy, and then build a framework for environmental management based on this strategy. In addition, increased demand for food and other resources, as well as the increase in the amount of waste generated, have emerged as global issues, and there is a need for a shift away from the traditional linear economy characterized by high-volume production, high-volume consumption and high-volume waste generation towards a circular economy in which resources are recycled and reused. At the same time, 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 regulation applies, and companies need to take steps to reduce the burden on the environment throughout the product lifecycle. Companies need to respond appropriately and reliably in their business activities.
Recognizing that the situation in regard to climate change has recently become very serious, and that a global shift is underway towards a decarbonized society, in the fiscal year ended March 31, 2021 Nikon revised its greenhouse gas reduction targets. Following the 1.5°C scenario, one of the Nikon Medium-Term Environmental Goals is to reduce greenhouse gas emissions deriving from energy use etc. at Nikon facilities by 71.4％ by the fiscal year ending March 31, 2031 (compared to the fiscal year ended March 31, 2014). Nikon has also had its Science Based Targets (SBT) upgraded to this new target. In addition, Nikon is aiming to shift to renewable energy for 100％ of the electricity used in the Nikon Group business activities by the fiscal year ending March 31, 2051. Nikon has joined RE100 to increase the likelihood of achieving this goal, and to accelerate the trend towards decarbonization in society as a whole.
The Nikon Medium-Term Environmental Goals have also been comprehensively overhauled in response to the revision of Nikon's CSR Priority Issues. By recognizing environmental issues in a timely manner, identifying risks and opportunities, and aiming to realize the Nikon Long-Term Environmental Vision, we are contributing towards the building of a sustainable society.
Director and Executive Vice President
Corporate Environmental Officer
Long-Term Environmental Vision and Medium-Term Environmental Goals
To proactively address environmental risks and regulations, we formulated the Nikon Long-Term Environmental Vision, which looks ahead to the fiscal year ending March 31, 2051. The Nikon Long-Term Environmental Vision comprises three pillars believed to be particularly important given the situation globally and considering the characteristics of Nikon's business, which uses limited resources to manufacture and sell products.
Particularly in regard to climate change, more and more countries (including Japan) have announced plans to become carbon neutral, and the environment surrounding companies is changing constantly. Companies have an increasingly important role to play in this regard. To reflect these societal trends and changes in the business environment, in the fiscal year ended March 31, 2021 the Nikon Group revised its CSR Priority Issues, and also updated the Nikon Medium-Term Environmental Goals in line with this revision.
Nikon Sustainability Report
For more details, please see the Nikon Sustainability Report.
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.