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In January 2009 Konica Minolta formulated Eco Vision 2050 as its long-term environmental vision. This vision guides Konica Minolta in the right direction to achieve its future objectives and fulfill its responsibility as a global corporation by contributing to a sustainable earth and society.
According to an announcement made by the IPCC (Intergovernmental Panel on Climate Change), greenhouse gas emissions in 2004 were 49 billion t-CO2, which, divided by a population of 6.4 billion people, amounts to 7.66 t-CO2 per person per year. The amount of greenhouse gas that the earth can absorb naturally is thought to be 11.4 billion t-CO2. Divided by the projected population of 9.2 billion people in 2050, this figure amounts to 1.24 t-CO2 per person per year-which corresponds to a reducation of about 80% of current annual per capita emission.
Based on thes estimates, Eco Vision 2050 sets a target of 80% reduction in CO2 emissions throughout the product life cycle in 2050, with 2005 as the baseline. In addition, the Medium-Term Environment Plan 2015 uses backcasting from this target to set a target of 20% reduction by fiscal 2015.
Backcasting: A way of thinking that involves defining a future action by sketching a desirable image of the future and a goal and then looking back at the current situation from the perspective of that goal.
Given the urgency of global environmental issues, global businesses have a great responsibility to help build a more sustainable society by reducing environmental impact. With Eco Vision 2050, Konica Minolta exemplifies its determination to fulfill its long-term environmental responsibilities. The company is taking a series of actions to achieve “Carbon Minus” status.
In 2008, the Board of Directors approved Eco Vision 2050, Konica Minolta's long-term environmental vision. The vision set the challenging goal of reducing CO2 emissions from products throughout their entire lifecycle by 80% by 2050, compared to fiscal 2005 levels. In 2017, the issue of climate change was identified as an opportunity, and the company added a commitment to achieve Carbon Minus status across its business activities and deliver a net reduction in CO2 emissions for society. To meet these goals, Konica Minolta is working hard to reduce emissions reduction throughout its supply chain.
Konica Minolta engages stakeholders such as business partners, customers, and local communities in its effort to achieve Carbon Minus status, which means ensuring that CO2 emission reductions are greater than product lifecycle emissions of own products. Utilizing its own technology and expertise, Konica Minolta is working with stakeholders to reduce CO2 emissions. If a total reduction effect can be achieved that exceeds the CO2 emissions of Konica Minolta's business activities, then these efforts will help lower the CO2 emissions of society as a whole.
In 2020, Konica Minolta made an additional commitment to achieve Carbon Minus status ahead of schedule, by 2030 instead of 2050. As what Konica Minolta offers to customers evolves from products to services, the company aims not only to reduce CO2 emissions related to its products, but also to reduce CO2 emissions related to services and harness this effort to drive business growth.
1. Reduce CO2 emissions throughout the product lifecycle by 80% by 2050, compared to fiscal 2005 levels.
Goals 2030
Reduce CO2 emissions throughout the product lifecycle by 60% by 2030, compared to fiscal 2005 levels. Also, through cooperation with stakeholders, achieve CO2 emission reductions greater than product lifecycle emissions, and realize Carbon Minus status.
2. Promote recycling and effective use of Earth's limited resources
3. Work to promote restoration and preservation of biodiversity
In 2017, Konica Minolta set a new goal of achieving the Carbon Minus status in 2050 in the Eco Vision 2050, a long-term environmental vision the company formulated in 2009. While Konica Minolta had been striving to reduce CO2 emissions from its products through their entire lifecycle (CO2 emissions produced by Konica Minolta’s business activities), the company launched new efforts to reduce CO2 emissions by more than the own CO2 emissions in collaboration with external stakeholders, including suppliers, customers and society, to attain this new goal.
To realize the Carbon Minus status by 2030, earlier than the original schedule of 2050, it is necessary to accelerate the process of reducing CO2 emissions from internal and external sources. Konica Minolta is confident that its digital transformation (DX) will be effective in drastically reducing CO2 emissions from both sources and enable the company to achieve the goal by 2030.
Konica Minolta is going to focus more on its Green Factory activities. Especially, assembly factories that work with many suppliers will benefit from digital manufacturing, which enables the factories to enhance their productivity and develop optimal production plans together with suppliers, thus helping to raise the energy efficiency. Konica Minolta is also promoting its Green Supplier activities to provide its expertise, advice and support to suppliers to help them reduce CO2 emissions. The company will thus build greater trust with suppliers and contribute to reducing CO2 emissions from external sources. Konica Minolta has already achieved the goal of procuring 100% of electricity from renewable sources at its two factories in China and 43 offices in Europe. The company will continue efforts to source 100% renewable electricity for its global operations in a manner best suited to the local situation.
Konica Minolta has been conducting the Green Supplier activities in which its experts visit suppliers’ factories to develop strategies to improve energy efficiency together and reduce CO2 emissions throughout the supply chain beyond Scope 3*. Suppliers also visit Konica Minolta’s factories to learn hands-on environmental initiatives and know-how. To effectively support more suppliers in their environmental efforts, Konica Minolta will offer an energy-saving diagnosis service on a digital platform instead of sending its experts to suppliers, so that suppliers can perform the entire process from assessing energy efficiency and identifying problems to taking action to improve their practices on their own. This service will also enable Konica Minolta to support more than 10 times as many suppliers as before. Konica Minolta will also assist suppliers of its renewably powered Chinese MFP factories to shift to renewable sources by sharing the factories’ know-how on switching to renewable energy and prompting them to introduce renewable sources through cooperation with other suppliers in neighboring areas.
Konica Minolta is promoting its business strategy combined with its sustainability management strategy. Therefore, the growth of the company’s operations directly helps solve environmental problems. Konica Minolta not only offers energy-efficient products to reduce CO2 emissions from customers’ sites, but also supports customers’ business operations and helps them enhance work efficiency and reduce environmental impacts by providing products and services that assist customers in digital transformation. These products and services include: on-demand digital package, label and textile printing solutions that drastically improve production processes; the digital workplace platform that enables customers to go paperless, work anywhere, and thus reform their conventional workstyle; and edge-based IoT solutions to promote workflow reforms. Aware of the importance of tackling environmental problems industry-wide to drastically increase the problem-solving ability, Konica Minolta launched the Environmental Digital Platform in cooperation with 15 Japanese companies in June 2020 to share and expand environmental know-how among them and create new values together to enhance environmental management efficiency. By itself, Konica Minolta can address global environmental challenges only to a limited extent, but by collaborating with external stakeholders, including suppliers, customers and society, it can make a greater contribution to environmental sustainability. Konica Minolta remains committed to reducing CO2 emissions to tackle the threat of climate change in cooperation with stakeholders and to enhancing corporate value together.
Leveraging intangible resources such as customer engagement, technologies, and human capital, Konica Minolta is advancing a digital transformation (DX) based on its own imaging IoT platform in order to strengthen the competitiveness of its businesses. By providing solutions that satisfy our customers hopes and desires to “see”, each business seeks to achieve the material issues as it works to help solve future social issues. At the same time, by enhancing our ability to generate cash flows and making reinvestments to fortify intangible assets and businesses, we will create value sustainably.
Konica Minolta is building a business model centered around imaging technologies we have developed throughout our long history and our imaging IoT platform, which combines state-of-the-art IoT and AI technologies. We leverage this platform to solve issues faced by professionals working in a wide range of industries and lines of business, and to assist them in exercising their full potential and creativity. Through these efforts, we contribute to building a rewarding society for as many people as possible, including consumers and end users. Through this "B to B to P for P" approach, we aim to achieve growth for many years to come.
