Realizing a Decarbonized Society

Approach

Social Background

Recent times have seen the emergence of global scale problems, including global population growth and an increase in average temperatures around the world. In 2015, the United Nations Sustainable Development Goals (SDGs) and the COP21 Paris Agreement were adopted as stepping stones in solving these problems. The objective of the Paris Agreement is to keep a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. To achieve that goal, the agreement set out the target of net zero emissions of greenhouse gases by the second half of this century.

Moreover, in October 2018, the Intergovernmental Panel on Climate Change (IPCC) released the Special Report on Global Warming of 1.5°C, which stressed that many of the impacts of climate change could be avoided by limiting global warming to 1.5°C instead of 2°C. This debate was continued at COP24 held in December 2018, resulting in ever-greater demand from the international community for decarbonization.

Image:Related SDGs

Risks and Opportunities for the Casio Group

As the move toward decarbonization gains momentum, a variety of future risks and trends become conceivable, including carbon pricing and tighter energy-saving regulations as well as climate changed-induced natural disaster such as typhoons, torrential rain, and flooding. To help avoid such risks, going forward Casio will seek to reduce greenhouse gases generated in its business operations by, among other measures, pursuing greater energy savings, expanding the introduction of renewable energy, and securing alternatives in the value chain.

Since its establishment, Casio has made use of technology to make products smaller, lighter, thinner, and more energy efficient. In this way, it has created a wide variety of eco-products. Anticipating the market needs for energy-saving products to increase even more in the future, Casio will push its technical development ahead further in light of these environmental challenges in an effort to create products with high environmental performance and in pursuit of business growth.

In order to minimize the various risks mentioned above, and expand opportunities, Casio must contribute to the sustainability of the planet and its human societies. Casio recognizes that this is an extremely important issue for further strengthening its business foundation, and will make even more strenuous efforts to realize a decarbonized society.

Policy

Aiming to realize a decarbonized society, Casio is committed to reducing greenhouse gas emissions across the value chain. It has established the goals of reducing greenhouse gas emissions from business operations (Scope 1 and 2) by 26% by fiscal 2031, compared to fiscal 2014, and by 80% by fiscal 2051. To achieve those targets, Casio will promote the introduction of high-efficiency/energy-saving equipment, the improvement of work processes, and the adoption of renewable energy.

Since emissions from purchased goods and services (Category 1, Scope 3) account for 60% or more of Casio’s CO2 emissions throughout the value chain, suppliers’ initiatives to reduce greenhouse gas emissions are important. Going forward, Casio will start surveying the reduction of greenhouse gas emissions by its main suppliers and encourage initiatives leading to reduction of greenhouse gas emissions across the value chain.

Reduction targets for greenhouse gas emissions (Scope 1 and 2)

Graph:Reduction targets for greenhouse gas emissions (Scope 1 and 2)

Management Approach

Environmental Action Plans and Performance

Evaluation ◎: All targets met, ○ : Most targets met, △ : Remaining issues outweigh results, × : No progress made

Medium and long-term targets

FY2019 Target

FY2019 Performance

Evaluation

FY2020 Targets and KPI

Long-term target: To reduce the total volume of the Casio Group’s greenhouse gas emissions (scope 1 and 2) by 80% compared to FY2014 by FY2051 Create scenarios to reduce CO2 emissions and achieve medium and long-term targets Created reduction scenarios

Acquire SBT certification and join RE100
Medium-term target: To reduce the total volume of the Casio Group’s greenhouse gas emissions (scope 1 and 2) by 26% compared to FY2014 by FY2031 Reduce the FY2018 CO2 emissions for the entire Casio Group by 7.95% compared with FY2014 Achieved a 8.08% reduction 

Reduce the FY2018 CO2 emissions for the entire Casio Group by 9.6% compared with FY2014
To have 70% or more of main suppliers establish GHG reduction targets by FY2025

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Establish a supplier survey

Activity Results

Greenhouse gas emissions in business operations (Scope 1 and 2)
The Casio Group has established medium-term reduction targets for CO2 emissions from each office and Group company based on its medium-term targets for greenhouse gas emissions in business operations (Scope 1 and 2). Each site carried out energy-saving activities to achieve those targets, resulting in an 8.56% reduction in greenhouse gas emissions for fiscal 2019, compared to fiscal 2014, thus achieving the annual target. Going forward, in addition to practicing energy-saving activities and introducing high-efficiency equipment, Casio will also work on making use of renewable energy and will aim to acquire SBT certification and join RE100.

Changes in greehouse gas emissions (Scope 1 and Scope 2)

Graph:Changes in greehouse gas emissions (Scope 1 and Scope 2)

(t-CO2)

 

FY2014
(Base year)

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2031

CO2 emissions CO2
emissions
38,944 38,224 38,568 37,563 36,597 35,796 - - -
Reduction rate - 1.85% 0.97% 3.55% 6.03% 8.08% - - -
Medium-term target CO2
emissions
- 38,261 37,589 36,929 36,509 35,847 35,197 34,403 28,819
Reduction rate - 1.76% 3.48% 5.17% 6.25% 7.95% 9.62% 11.66% 26.00%

Scope 3

Casio monitors and calculates greenhouse gas emissions in its own business operations (Scope 1 and Scope 2) and also emissions throughout the entire value chain, upstream as well as downstream (Scope 3). Since emissions from “purchased goods and services” (Category 1) account for 60% or more of Casio’s Scope 3 CO2 emissions, the Casio Group will promote activities to reduce greenhouse gas emissions across the value chain, chiefly by encouraging its main suppliers to establish targets for greenhouse gas reduction.

CO2 Emissions throughout the Entire Value Chain

Life Cycle Assessment

In the past, Casio implemented unscheduled life cycle assessment (LCA) for products, but there was no systematic framework for conducting LCA for newly developed products.

In fiscal 2018, Casio brought together members of development departments, distribution departments, IT departments and others for each product to establish an in-house LCA Working Group and commenced studies in order to implement constant product LCA.

Going forward, Casio will identify issues and formulate a roadmap for the constant implementation of LCAs with the aim of building a system that can perform LCAs for 100% of new models by fiscal 2026.