TOKYO - Nikon Corporation (Nikon) is pleased to announce that it has been selected for the highest rank “A List*1” by the CDP's climate change questionnaire for the fourth consecutive year from FY2019, recognizing it as one of the highest performing companies in its efforts against climate change and its disclosure.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Working with more than 680 institutional investors with over US$130 trillion in assets, it leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Approximately 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency.
The Nikon Group contributes to building a sustainable society by positioning the realization of a decarbonized society, a resource circulating society, and a healthy and environmentally safe society as the Nikon Group's Long-Term Environmental Vision. In February 2021, Nikon revised its greenhouse gas reduction target for our own emissions from 26% to 71.4% in FY2030, as compared to FY2013. This new target was certified in April 2021 by the SBT (Science Based Targets)*2 initiative as conforming to the criteria for helping to keep the average global rise in temperature within 1.5ºC. Nikon has been working to implement various measures to achieve it, as well as disclosing information in accordance with the TCFD (the Task Force on Climate-related Financial Disclosures)*3 recommendations. We believe that those efforts led to the honorable evaluation.
Nikon and all companies of its group will continue to be united as one in tackling climate change.
- *1Evaluated companies are given one of the following scores: A, A-, B, B-, C, C-, D, D-. Those that didn't disclose or provide insufficient information are marked with an F. The “A List” is made up of the companies awarded the highest performance rank of “A.”
- *2The SBT initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature for achieving the Paris Agreement-mandated objective of holding the increase in the global average temperature to below 2ºC above pre-industrial levels. It certifies the greenhouse gas emission reduction targets of companies that are in line with emissions reduction scenarios based on scientific facts.
- *3Task Force established by the Financial Stability Board (FSB).
The information is current as of the date of publication. It is subject to change without notice.