Canon Inc. announced that the company was recognised by U.K. based non-profit organisation CDP for its transparency and leadership concerning initiatives in the field of climate change and was given an A score, which is the highest rating.
The CDP evaluates major companies and local governments worldwide on their efforts to tackle environmental issues. Evaluations are based on information disclosed in response to questions sent to the companies regarding such topics as climate change and water resource management.
The number of targeted groups has grown year after year, as a record number of more than 24,000 organisations disclosed information through the questionnaire in 2023. This is Canon’s third time earning a spot on the A List in the climate change category, having been included in the A List previously in 2016 and 2020.
As measures against climate change, in line with SBTi2 criteria, Canon aims to reduce absolute Scope 1 and 23 GHG emissions 42% of absolute Scope 1 and 23 GHG emissions and 25% of absolute Scope 33 (Category 1 and 113) GHG emissions by 2030 from 2022 as a base year.
Canon also established an average annual 3% improvement, in the index of lifecycle CO2 emissions per product unit, as an environmental target in 2008 and has so far realized 44.4%4 improvement at an average annual rate of 3.95%4 (from 2008 to 2023). In addition, the company will strive to achieve net zero lifecycle CO2 emissions per product unit (Scope 1-3) by 2050 through various activities such as the use of renewable energy and energy-saving activities at production sites and more advanced resource circulation including product reuse and recycling.
Canon said it will continue working to make various technological advancements and improve managerial efficiency to help to reduce CO2 throughout society.
