Responding to Climate Change
Approach and Policy
Social Issue
The increasing intensity of harmful weather events in recent years has been attributed to rising greenhouse gas emissions. River flooding and landslides caused by heavy rains have impacted livelihoods and taken lives around the world, and economic losses also continue to rise.
In 2015, the Sustainable Development Goals (SDGs) were established as part of the 2030 Agenda for Sustainable Development adopted at the United Nations Sustainable Development Summit, and the Paris Agreement was adopted at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21). 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 is based on scientific knowledge and stresses that many of the impacts of climate change could be avoided by limiting global warming to 1.5°C above pre-industrial levels instead of 2°C. In addition, the Working Group I Report component of the IPCC Sixth Assessment Report released in August 2021 states, “It is unequivocal that human influence has warmed the atmosphere, ocean and land. Widespread and rapid changes in the atmosphere, ocean, cryosphere and biosphere have occurred.”
Based on this, Casio has revised its social mission from “helping to achieve a low-carbon society” to “helping to build a decarbonized society,” making this its long-term target in accordance with the Paris Agreement long-term climate goal.
In April 2021, based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD),*1 Casio strengthened its governance relating to climate change, formulated strategies based on climate-change risk and opportunity analysis, and disclosed climate-related financial risk information. In 2022, Casio conducted a scenario analysis to identify risks and opportunities and assess the impacts.
In 2024, Casio changed the name for its specific initiatives for the world of the future to “Responding to Climate Change,” and is promoting responses to climate change in general.
Information Disclosure Based on TCFD Recommendations
*1 TCFD: Established by the Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, this initiative aims to help companies understand and disclose the financial impact of their climate change risks and opportunities.
Importance for the Casio Group
Greenhouse gas emissions related to the Casio Group include direct emissions from the Group’s activities (Scope 1) and indirect emissions from the Group’s activities (Scope 2), as well as emissions from other activities such as procurement and manufacturing of raw materials, logistics, sales, and product usage and disposal (Scope 3). Scope 3 accounted for 98.3% of total emissions in fiscal 2025. Based on this, Casio has set targets for Scope 3 in addition to Scope 1 and 2, and is implementing measures to respond to climate change.
In 2020, in order to gain a more detailed understanding of its greenhouse gas emissions and respond to climate change based on objective indicators, Casio revised its criteria for calculating greenhouse gas emissions and its medium- to long-term targets to bring them into line with scientific knowledge.
Casio then requested the Science Based Targets initiative (SBTi),*2 an international initiative, to validate its revised calculation criteria and medium-term targets. In April 2021, the SBTi recognized that Casio’s approach is in line with the Well-Below 2°C (a goal to keep the increase in the global average temperature to well below 2 °C above pre-industrial levels) and validated that Casio’s criteria and targets are based on scientific evidence. Moreover, in December 2021, Casio joined RE100,*3 an international initiative that promotes the use of 100% electricity from renewable energy sources in business activities, and has been making various efforts to reach this target.
*2 SBTi
An initiative promoted by several international NGOs (CDP, the United Nations Global Compact, World Resources Institute [WRI] and the World Wide Fund for Nature [WWF]) to encourage private companies and other organizations to set science-based targets for greenhouse gas emission reduction and help achieve the goals of the Paris Agreement. The SBTi provides validation of science-based greenhouse gas reduction targets that comply with the Paris Agreement.
*3 RE100
RE100 is an international initiative operated by The Climate Group, an international environmental NGO, in partnership with the Carbon Disclosure Project (CDP). It is composed of companies that are working toward using 100% electricity from renewable energy sources in their business activities.
Greenhouse Gas Emissions from the Group Activities (Scope 1 and 2)
Approach and Policy
The Casio Group has a variety of sites in addition to production sites, including R&D centers that mainly conduct testing and research and offices that carry out sales, maintenance, and overall Group management. Energy is used for the activities at each site, producing GHG emissions.
These can be calculated by determining direct emissions (Scope 1) from the use of fuel at Group sites and indirect emissions (Scope 2) from the use of electricity supplied by other companies at Group sites, so we have set targets for Scope 1 and 2 and are promoting reductions across the Group.
Targets and Performance
The Casio Group has set a long-term target to bring Scope 1 and Scope 2 emissions to virtually zero, and has set medium-term targets as milestones for achieving the long-term target as it moves ahead with reduction activities.
| Scope 2 calculation method | Scope 1 + Scope 2 combined target | |||
|---|---|---|---|---|
| Base year | Target year | Target | ||
| Long-term target | Market-based | - | FY2051 | Virtually zero emissions |
| Medium-term target | Market-based | FY2019 | FY2031 | Reduce 38% |
Casio has also set interim targets based on medium-term target and is confirming progress each fiscal year.
In fiscal 2025, the Casio Group added more renewable energy plan contracts to those already in place and expanded the use of the PPA model, implementing renewable energy plan contracts at product sites in Japan and introducing the PPA model at its Thai production site. As a result, Casio achieved the medium-term target (38% emission reduction from the fiscal 2019 level) as of fiscal 2025.
However, understanding the need to carefully monitor increases in costs associated with maintaining renewable energy plan contracts and purchasing renewable energy certificates, as well as fluctuations in energy usage due to changing business activity volumes, Casio plans to continue working to meet its medium-term targets.
Evaluation Standard◎: All targets met, ○ : Most targets met, △ : Remaining issues outweigh results, × : No progress made
| Targets | FY2025 Targets | FY2025 Performance | Evaluation | FY2026 Targets |
|---|---|---|---|---|
| Long-term target: Reduce to zero the total volume of Casio Group’s greenhouse gas emissions (Scopes 1 and 2) by FY2051 |
Reduce the market-based greenhouse gas emissions (Scopes 1 and 2) of group companies by 19% compared to FY2019. | Reduced 60% compared to FY2019 | ◎ | Reduce the market-based greenhouse gas emissions (Scopes 1 and 2) of Casio Group by 22% compared to FY2019. |
| Medium-term target: Reduce the total volume of Casio Group’s market-based greenhouse gas emissions (Scopes 1 and 2) by 38% compared to FY2019 by FY2031. |
Greenhouse Gas Emissions Other Than Scope 1 and Scope 2 (Scope 3)
Approach and Policy
Emissions from the value chain related to Casio’s business activities other than Scope 1 and Scope 2 are classified and calculated for each Scope 3 category. In fiscal 2025, Casio revised the method for calculating Scope 3 emissions to reflect actual activities in the calculation results more closely than in the past and recalculated Scope 3 emissions retroactively. Based on the results of the recalculation, Casio has set targets for focus emissions and is working to reduce Scope 3 emissions overall.
Targets and Performance
As a result of recalculating emissions back to fiscal 2019, the base year for the medium-term targets, Casio focused on the fact that greenhouse gas emissions associated with purchased goods and services (Category 1, Scope 3) accounted for 72% of all Scope 3 emissions in the base year.
In addition, as the Casio Group is working to reduce the environmental impact of its products and not just its business activities, we focused on greenhouse gases associated with use of sold products (Category 11, Scope 3). Casio has set reduction targets for purchased goods and services (Category 1, Scope 3) and use of sold products (Category 11, Scope 3) and is pursuing reductions in Scope 3 emissions.
Casio has also set interim targets based on target below and is confirming progress each fiscal year.
| Target categories | Base year | Target year | Target |
|---|---|---|---|
| Category 1: Purchased goods and services Category 11: Use of sold products |
FY2019 | FY2031 | Reduce 30% |
Emissions in Category 1 (purchased goods and services) temporarily decreased in fiscal 2021. This is likely due to the impact of the COVID-19 pandemic, which appeared temporarily in the results for fiscal 2021. Since emissions associated with raw materials purchased from suppliers account for the largest portion of Category 1 emissions, Casio is working to address the supply chain as a key measure. In fiscal 2022, Casio began collecting information from the supply chain with the aim of meeting the target. We will take future action based on the results of the recalculation implemented in fiscal 2025. Emissions in Category 11 (use of sold products) have continued to decrease significantly since fiscal 2020. It is thought that this can mainly be attributed to a decrease in sales of product groups with particularly high GHG emissions related to use by customers of sold products from fiscal 2020 onward due to changes in Casio's business strategy. The actual totals for Category 1 and Category 11 in fiscal 2025 met the interim targets, confirming progress towards achieving the medium-term targets.
However, Category 1 emissions accounted for the majority of Scope 3 emissions, indicating the importance of finding effective measures to address them.
Furthermore, as it is possible that Category 11 emissions could increase significantly due to Casio's future business strategy, we plan to take measures for this category while monitoring the overall trends in Scope 3 emissions.
Evaluation ◎: All targets met, ○ : Most targets met, △ : Remaining issues outweigh results, × : No progress made
| Medium and long-term targets | FY2025 Targets | FY2025 Performance | Evaluation | FY2026 Targets |
|---|---|---|---|---|
| Reduce greenhouse gas emissions from purchased goods and services (Category 1) and the use of sold products (Category 11) by 30% by FY2031, compared to FY2019 | Aggregate results of the supply chain survey and consider future response. | Conducted a supply chain survey and compiled the results. Held discussions with departments responsible for the supply chain based on the compiled results. | ◎ | Promote the compilation of supply chain surveys and implement measures discussed in fiscal 2025. |
*Updated on January 7, 2026