Promoting a Decarbonized Society

Materiality 3

Goal

Vision Achieving carbon neutrality throughout the supply chain by FY2050
Strategy GHG emission reduction in Scope 1, 2, and 3 and accelerate introduction of renewable energy
Indicator: Goal (achievement year)
  • GHG emission reduction rate of Scope 1 and 2: 57% compared with FY2022 (FY2030)
  • GHG emission reduction rate of Scope 3: 25% compared with FY2022 (FY2030)
  • Renewable energy adoption rate: 100% (FY2030)

Setting Science-Based Targets

The Nikon Group has established greenhouse gas emission reduction targets as part of our Medium-Term Environmental Goals concerning Realizing a Decarbonized Society, which is a part of the Nikon Long-Term Environmental Vision. This target was certified in January 2024 by the Science Based Targets (SBT) initiative* as conforming to the criteria for helping to keep the average global rise in temperature within 1.5°C. In the same month of the same year, we also received approval for its net-zero targets.

  • *Science Based Targets (SBT) initiative
    The SBT initiative is a collaboration between CDP, an international NGO working on environmental issues such as climate change, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. The initiative targets achieving the Paris Agreement-mandated objective of holding the increase in the global average temperature to below 2°C above pre-industrial levels. It certifies the CO₂ emission reduction targets of companies that are in line with emissions reduction scenarios based on scientific facts.

The Nikon Group's Science Based Targets (SBT)

[Net-Zero Target]
Target year: Fiscal year 2050

  • Reach net-zero* greenhouse gas emissions across the value chain by FY2050.
    • *Net-zero means reducing GHG emissions (Scope 1, 2, and 3) across the value chain by 90% and neutralizing remaining emissions in accordance with standards set by the SBT Initiative.

[Near-Term Targets]
Target year: Fiscal year 2030

  • Reduce Scope 1 and Scope 2 greenhouse gas emissions 57% compared to fiscal year 2022
  • Reduce Scope 3 greenhouse gas emissions 25% compared to fiscal year 2022
SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION / BUSINESS AMBITION FOR 1.5°

Climate Change-related Disclosures in Accord with the TCFD Recommendations

In 2017, the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), released a final report titled Recommendations of the Task Force on Climate-related Financial Disclosures. Nikon announced support for the TCFD Recommendations in November 2018 and is promoting information disclosure based on these.

Joining RE100

Nikon joined RE100*, an international initiative seeking to have companies source 100% renewable energy for electricity used in business activities. We aim to switch to 100% renewable energy-derived electricity used in the Group's business activities by fiscal year 2030, and we plan to work actively alongside other RE100 member companies to foster the development of the renewable energy market and to encourage governments in this area.

RE100 | CLIMATE GROUP | CDP
  • *RE100
    Run as a partnership by the Carbon Disclosure Project (CDP) and The Climate Group (an NPO focused on activities in response to climate change), RE100 is an international initiative with participation from companies all over the world.

Fiscal Year 2022 Goals and Results

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Goals for Fiscal Year 2022 Results for Fiscal Year 2022
  • Reduce Scope 1 and Scope 2 greenhouse gas emissions by 31.6% compared to fiscal year 2013
  • Reduced Scope 1 and Scope 2 greenhouse gas emissions by 33.8% compared to fiscal year 2013
  • Achieve a renewable energy adoption rate of 9% or higher in electricity used for business activities
  • Renewable energy share of electricity used for business activities: 22.3%
  • Reduce environmental impact by making effective use of the LCA methodology
  • Create eco-friendly products
  • Continued to expand the range of product models subject to LCA calculation (100% for new products)
  • Approximately 82% of new products certified as eco-friendly products
  • Reduce greenhouse gas emissions in distribution by 10% compared to fiscal year 2019
  • Reduced greenhouse gas emissions in distribution by 28% compared to fiscal year 2019
  • Complete understanding of CO₂ emissions for main procurement partners who account for 80% of procurement costs
  • Completed understanding of CO₂ emissions for main procurement partners who account for 81% of procurement costs

Sustainability Report

For more information, refer to Promoting a Decarbonized Society in the Sustainability Report.

Reduction of Greenhouse Gas in the Supply Chain

  • Setting Science-Based Targets
  • Greenhouse Gas Emissions Across Our Supply Chain

Initiatives to Reduce Greenhouse Gas Emissions in Products

  • Environmental Impact Assessment Using the LCA Methodology
  • CO₂ Reduction Measures for Products
  • Promoting CO₂ Reductions with our Procurement Partners

Initiatives to Reduce Greenhouse Gas Emissions at Business Facilities

  • Changes in CO₂ Emissions from Energy Consumption and Changes in Energy Consumption
  • Utilizing Renewable Energy
  • Joining RE100
  • CO₂ Emissions from Non-Energy Consumption and Other Greenhouse Gas Emissions
  • Greenhouse Gas Reduction Measures at Business Facilities

Initiatives to Reduce Greenhouse Gas Emissions in Distribution

  • Understanding Greenhouse Gas Emissions in Distribution
  • Initiatives to Reduce Greenhouse Gas Emissions in Distribution

Disclosures in Accord with the TCFD Recommendations

  • Climate Change-related Disclosures in Accord with the TCFD Recommendations

Responses to CDP

Nikon is responding to a questionnaires from CDP*.

  • *A global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Working with institutional investors, it leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts.