Materiality3

Promoting a Decarbonized Society

Relevant SDGs

Vision

Achieving net zero throughout the value chain by fiscal year 2050

Strategy

GHG emission reduction in Scope 1, 2, and 3 and accelerate introduction of renewable energy

Basic Approach

In light of the emerging impacts of climate change and social trends toward decarbonization, the Nikon Group established, in our Nikon Environmental Policy, a commitment to reduce greenhouse gas emissions in our value chain, including business operations, procurement partners, and customers, toward mitigating climate change. The policy also includes environmental considerations throughout the product life cycle, while the Nikon Long-Term Environmental Vision describes how we will realize a decarbonized society, which is one of the pillars of this vision (see the figure to the right for Nikon Group's SBTs related to GHG reduction targets). Our target is to achieve a 100% rate of renewable energy adoption rate by fiscal year 2030.
Our Medium-Term Management Plan for fiscal years 2022 to 2025 defines targets to reduce Scope 1 and Scope 2 greenhouse gas emissions by 46.5% compared with 2013 levels to achieve a 30% rate of renewable energy use. We achieved these targets ahead of schedule in fiscal years 2023 and 2022, respectively. We will continue working toward achieving our fiscal year 2030 targets.

The Nikon Group's SBTs^*1(Certified in January 2024)

Net-Zero target
Reach net zero^* greenhouse gas emissions across the value chain by fiscal year 2050
Short-term targets
Reduce Scope 1 and 2 GHG emissions by 57% by fiscal year 2030 compared to the base year of fiscal year 2022
Reduce Scope 3 greenhouse gas emissions by 25% by fiscal year 2030 compared to the base year of fiscal year 2022

SCIENCE BASED TARGETS　DRIVING AMBITIOUS CORPORATE CLIMATE ACTION／BUSINESS AMBITION FOR 1.5℃

*1Science 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 2ºC 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.
*2Reducing 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

Indicators and Targets

	FY2024 Plan	FY2024 Results	FY2025 Plan
Greenhouse gas reduction	Reduce Scope 1 and Scope 2 greenhouse gas emissions by 50% compared to fiscal year 2022	Reduced Scope 1 and Scope 2 greenhouse gas emissions by 56.0% compared to fiscal year 2022	Reduce Scope 1 and Scope 2 greenhouse gas emissions by over 52% compared to fiscal year 2022
Greenhouse gas reduction	Achieve a renewable energy adoption rate of 69% or higher in electricity used for business activities	Renewable energy adoption rate of electricity used for business: 70.6%	Achieve a renewable energy adoption rate of 71% or higher in electricity used for business activities
Reduction of the environmental impact from products	Reduce environmental impact by making effective use of the LCA methodology	Continued to expand the range of product models subject to LCA calculation (100% for new products)	Reduce environmental impact by making effective use of the LCA methodology
Reduction of the environmental impact from products	Create at least 50% eco-friendly products	Approximately 63% of new products certified as eco-friendly products	Create at least 50% eco-friendly products
Reduction of the environmental impact of transportation	Reduce greenhouse gas emissions in distribution by 2.7% year on year	Reduced greenhouse gas emissions in distribution by 1.5% year on year	Reduce greenhouse gas emissions in distribution by 2.7% year on year
Engagement with procurement partners	Identify CO₂ emissions of critical procurement partners (70 or more companies)	Identified CO₂ emissions of critical procurement partners (90 companies)	Identify CO₂ emissions of critical procurement partners (150 or more companies = top 80% of procurement value)

Sustainability Report

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

Promoting a Decarbonized Society（PDF:805KB）

Decarbonization Initiatives

Basic Approach
Strategy
Governance
Risk Management
Major Initiatives
Reducing Logistics Greenhouse Gas (GHG) Emissions

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.