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 fifth 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 740 institutional investors with over US$136 trillion in assets, it leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Approximately 24,000 organizations around the world disclosed data through CDP in 2023, including more than 23,000 companies worth two thirds 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. Regarding climate change, Nikon aims to achieve carbon neutrality throughout its supply chain by FY2050. To achieve this, Nikon has participated in the international initiative of RE100, which aims to source 100% renewable energy for electricity used in business activities. In FY2023, Nikon switched its energy source to 100% renewable energy of the electricity used at Nikon's main production bases, Tochigi Nikon Corporation, Tochigi Nikon Precision Co., Ltd. and Nikon (Thailand) Co., Ltd. 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)*2 recommendations. We believe that those efforts led to the honorable evaluation.
At the Nikon Group, in accordance with our Corporate Philosophy of Trustworthiness and Creativity, we meet society's expectations to win “trust” in each area of the environment, society/labor, and governance. Furthermore, we aim to contribute to the achievement of the realization of a sustainable society where humans and machines co-create seamlessly by “creating” new value through business activities. We continue to promote these efforts.
- *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.”
- *2Task 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.