Goal

• *Three categories: Purchased goods and services, upstream transportation & distribution, and use of sold products.

Setting Science-Based Targets and Signing Up to the Business Ambition for 1.5°C Initiative

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. In recent years, the impact of climate change has become more apparent, and the trend toward decarbonization in society has picked up speed. With this in mind, in February 2021 Nikon revised Scope 1 and Scope 2 greenhouse gas emissions reduction target from 26% to 71.4% (compared to fiscal year 2013). This new target was certified in April 2021 by the Science Based Targets (SBT) initiative^*1 as conforming to the criteria for helping to keep the average global rise in temperature within 1.5°C. We are considering revisions to this target based on the requirements set by the SBT Initiative.
In March 2021, we also expressed our support for the Business Ambition for 1.5°C initiative launched by the UN Global Compact, the SBT Initiative, and We Mean Business^*2. This initiative encourages companies to set scientifically based greenhouse gas reduction targets for reducing greenhouse gas emissions to net zero by 2050 to keep the average global temperature rise within 1.5°C compared to pre-industrial levels. Going forward, Nikon will further accelerate its initiatives to support decarbonization.

1. *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 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.
2. *2We Mean Business
   A platform run by international organizations, think tanks, NGOs, and other organizations that are engaged in encouraging companies and investors to adopt measures to combat global warming.

The Nikon Group's Science Based Targets (SBT)

Target year: Fiscal year 2030

• Reduce Scope 1 and Scope 2 greenhouse gas emissions 71.4% compared to fiscal year 2013
• Reduce Scope 3 greenhouse gas emissions (purchased products and services; transportation and delivery (upstream); and use of company products sold) by 31% compared to fiscal year 2013

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 2050, 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.

1. *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.

The Nikon Group's Roadmap for Adoption of Renewable Energy

Renewable Energy as a Share of Electric Power Consumption

Sustainability Report

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

• Promoting a Decarbonized Society（PDF:1.0MB）

Reduction of Greenhouse Gas in the Supply Chain

• Setting Science-Based Targets and Signing Up to the Business Ambition for 1.5°C Initiative
• 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.

• CDP Climate Change Questionnaire 2023 (Answer date:July 25, 2023)（PDF:568KB)