Progress in Fiscal 2020 with Medium-Term Priority Strategies for Sustainability (Fiscal 2020-2022)
Medium-Term Priority Strategies (Fiscal 2020-2022) and Progress Made
Of the medium-term priority strategies described above, the progress made in fiscal 2020 toward achieving the fiscal 2022 goals set for E (environment) and S (society) issues is described below.
|Priority||Targets||KPI (FY2022 goal)||Progress made in fiscal 2020|
|Make sustainability indices a management target||Restructure long-term environmental targets, establish scenarios for reducing CO2 linked with them and integrate them with business strategy||New long-term environmental targets established, and CO2 reduction scenario based on them devised;
In addition, SBT certification completed, RE100 initiative joined early, and renewable energy adoption policies established for entire Group
|In addition to establishment of a CO2 reduction scenario for the medium and long term, the following progress was made:
A Scope 3 medium-term reduction goal was set (shown below), a commitment letter was submitted to SBT, and Casio indicated that it intends to receive certification
Scope 3 medium-term reduction goal:
Ensure 70% of major suppliers set reduction goals by fiscal 2025
|Establish sustainability goals for each BU through an environmental assessment of SDGs and integrate them with business strategy||SDG targets established for each BU, linked with medium-term business strategies, and first round completed
Results evaluated based on KPI and utilized in setting targets for the next period
|SDG targets for each BU, linked to medium-term business strategies, were set, and related goals were disclosed|
|Ensure ongoing improvement of ESG evaluation||Improve evaluations by making ESG status visible throughout the Group, continuing to raise level and disclosing information promptly||In light of the status of progress with materiality in fiscal 2019, three-year plans established for new materiality to start fiscal 2021 during fiscal 2020, and results evaluated based on KPI||Progress made with materiality in fiscal 2019, results assessed, and material issues revised
This process confirmed the progress of efforts to prevent corruption, so it was decided to remove this item from the material issues. Some progress was also seen on other issues, but it was decided to continue moving ahead with those.
|Improve ESG evaluation through effective disclosure of ESG information, engagement and index response||Effective response to key indices such as FTSE, MSCI and DJSI continued, reselected for DJSI World index and stayed on FTSE and MSCI and remained in a position to be selected for ESG investment||In light of the establishment of the Medium-Term Management Plan, Casio released its first integrated report.
Casio continued to be included in key indices, including the DJSI Asia Pacific Index.
Medium-term priority strategies for sustainability (fiscal 2020-2021)
In light of progress made in fiscal 2019, Casio decided to move ahead with medium-term priority strategies for E (environment) and S (society) in fiscal 2021 and fiscal 2022 and to set more specific targets.
Medium-term priority strategies (fiscal 2020-2021)
The KPI for each strategy is as follows:
|Priority||Issues to pursue||KPI (FY2022 goals)|
|Progress in setting medium- and long-term social and environmental targets integrated with business strategy||SDG strategy
Set, pursue and firmly establish sustainability goals for the entire group and for each business unit, integrated with business strategies, by evaluating their contribution to the SDGs
|Sustainability goals for the entire group and for each BU that are integrated with the business strategy established, and the first phase completed
Results evaluated based on the KPI and used to set targets for the next phase
|Strategy for addressing global warming (CO2 reductions)
Reformulate long-term environmental targets integrated with business strategies aligned with SBT, and set, pursue and firmly establish a CO2 emissions reduction scenario based on those targets
Improve confidence of long-term targets by acquiring SBT certification and joining RE100
|Long-term environmental targets based on new SBT standards set, and a CO2 reduction scenario based on this devised
SBT certification completed, RE100 initiative joined and renewable energy adoption policies established for entire Group
|Announcement of support for TCFD, disclosure of information
Support the recommendation that the impact of climate change on financial information be identified and disclosed, and augment disclosed information
|Support for TCFD announced and disclosure in line with its requirements augmented|
|Rebuilding of sustainability promotion system
Establish sustainability policies and priority strategies integrated with management, and rebuild and firmly establish a system for promoting them
|A Sustainability Committee under the board of directors formed to discuss policies and strategies; in addition, by meeting in line with the PDCA cycle, measures reliably promoted|
|Ongoing improvements to ESG levels for entire Casio Group||Improve ESG evaluation through effective disclosure of ESG information, engagement and index response||Effective response to key indices such as FTSE, MSCI and DJSI continued, reselected for DJSI WORLD index, stayed on FTSE and MSCI and remained in a position to be selected for ESG investment|
|Continue to improve ESG performance by clarifying ESG conditions across the entire Group, including the supply chain, and taking action on the CSR material issues||In light of progress with materiality through fiscal 2021, the next materiality promotion plan established, and results evaluated based on KPI|