Environmentally Conscious Management
Basic Approach
Canon’s Approach to Environmental Assurance
Acting on the foundation of its Approach to Sustainability, Canon works to protect and conserve the global environment in line with the Canon Group Environmental Charter and the Canon Environmental Vision.
Approach
Canon addresses the four material topics identified in the environmental domain, including Climate Change, Resource Efficiency, Chemical Substances and Biodiversity, throughout the entire product life cycle. Especially in the field of Climate Change, to achieve net zero CO2 emissions, we are working to improve the energy efficiency of Canon products over their lifecycle through a range of environmental activities, including designing smaller, lighter products; making distribution more efficient; saving energy at production sites; utilizing renewable energy sources; and improving the energy efficiency of products during usage and other stages of the lifecycle. We have moved ahead with the introduction of renewable energy mainly in Europe and Asia, and will continue to promote the strategic utilization of renewable energy in consideration of its availability and economic viability in each region. We will also seek to reduce our CO2 emissions by using fewer virgin resources and more recycled materials. In addition to our own efforts, we will collaborate on initiatives with stakeholders throughout the value chain. Over the long term, we aim to incorporate the products of innovation to reduce CO2 emissions using various approaches, including the achievement of our SBTi* targets. Through the power of technology and innovation, Canon will not only reduce CO2 emissions in our own operations but also help lower CO2 emissions across society.
- * Science Based Targets initiative: A global body that promotes setting greenhouse gas emission reduction targets in line with climate science
Risks and Opportunities
Even as consumer lifestyles grow more affluent, various environmental problems are emerging, including climate change, resource depletion, pollution, and loss of biodiversity. In response to the issue, debate within the global community is increasing on how to achieve carbon neutrality and how to realize a circular economy. Recognizing the business impact of environmental issues, many companies see the importance of helping address these issues in partnership with national and local governments, experts and other stakeholders. Canon identifies business risks and opportunities by envisioning different ways in which society will change based on information received from specialized institutions and government agencies.
Major Climate-Related Risks and Opportunities
Risks and opportunities | Financial impact | Action | ||
---|---|---|---|---|
Risks | Transition risks | Stricter energy-efficiency regulation and associated compliance costs (products/sites) | High |
|
Increased business costs from economic measures to reduce emissions (e.g., carbon tax) | Medium |
|
||
Physical risks | Negative impacts on operations caused by increasingly severe extreme weather events such as typhoons and floods | Medium |
|
|
Reputational risks | Negative external evaluation due to insufficient information disclosure | Low |
|
|
Opportunities | Products and services | Expanded opportunities for sales of energy-efficient products with low lifecycle CO2 emissions | High |
|
Expansion of sales opportunities for products and solutions that contribute to reducing CO2 emissions throughout society | High |
|
||
Energy efficiency | Reduction of energy costs by improving production and transportation efficiency | Medium |
|
|
Energy sources | Expanded opportunities for use of renewable energy through lower associated costs | Medium |
|
|
Others | Enhanced corporate image due to proactive climate-related disclosures | Low |
|
Major Risks and Opportunities in Other Issues
Risks | Opportunities | ||
---|---|---|---|
Resource efficiency | Transition risks |
|
|
Physical risks |
|
||
Reputational risks |
|
||
Chemical Substances |
|
|
|
Biodiversity |
|
|