Konica Minolta Recognised by CDP for Climate Change Transparency for Three Consecutive Years
Konica Minolta, Inc. (Konica Minolta) has been awarded for three years in a row with a position on the “Japan 500 Climate Disclosure Leadership Index” (CDLI) by CDP, the international non-profit organisation for sustainable economies. Konica Minolta perceives sustainability as an essential corporate strategy and looks back on a long tradition of leading-edge environmental activities and technological developments. In the light of the upcoming U.N. climate change conference COP21 in Paris, taking place from 30 November to 11 December 2015, when national leaders will meet to negotiate a global agreement on reducing carbon emissions and limiting global warming, this recognition takes on an even greater significance for Konica Minolta.
Konica Minolta has earned its position on the index by disclosing high-quality data on carbon emissions and energy use by means of CDP’s climate change programme. The reported data has been independently assessed against CDP’s scoring methodology and graded, with a top score of 100 possible. Those organisations graded within the top 10% of participating companies are listed on the CDLI. Konica Minolta has scored 100. From 500 major Japanese corporations, 25 companies including Konica Minolta are listed on the CDLI.
At the request of 822 investors who represent a total of $95 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
Paul Dickinson, executive chairman and co-founder of CDP, says: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason, we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
About Konica Minolta’s EcoVision 2050
In Eco Vision 2050, its set of long-term environmental goals, Konica Minolta aims for an 80% reduction of CO2 emissions throughout the product lifecycle by 2050 (compared to fiscal 2005 levels). The company’s Medium-Term Environmental Plan 2016 through fiscal 2016 is closely coupled with its business plan, so that lessening environmental impact will drive growth in the company. While its businesses continue to become larger, Konica Minolta is working for a 40% reduction of carbon emissions throughout the product lifecycle in fiscal 2016 (compared to fiscal 2005 levels). Steady progress in the plan has been made through various initiatives globally.
CDP, formerly referred to as the Carbon Disclosure Project, is an international non-profit organisation that provides the only global system for companies and cities for the measuring, disclosure, management and sharing of vital environmental information. CDP works with market forces, including 822 institutional investors with assets totalling $95 trillion, whose aim is to motivate companies to disclose their impacts on the environment and natural resources as well as take action for their reduction. More than 5,500 companies disclosed environmental information through CDP in 2015. CDP now holds the largest collection worldwide of primary commodities information with respect to climate change, water and forest risk and puts these insights at the heart of strategic business, investment and policy decisions. www.cdp.net @CDP
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