Sustainability Implementation System
Sustainability Implementation System
In fiscal 2021, Casio amended its existing CSR implementation system and established the Sustainability Committee. The Committee discusses important sustainability issues, including climate change, working closely with the Management Meeting. It also ensures that heads of each business and each functional headquarters fully discuss these issues, and then reports the results to the Board of Directors. Casio now has a system in place for appropriate oversight of management decision-making and monitoring of progress related to important sustainability issues.
Themes that were deliberated on by the Sustainability Committee from fiscal 2021 through the beginning of fiscal 2023 and put into practice are outlined below, along with plans for fiscal 2023.
| No. | Theme | Fiscal 2021/2022/2023 performance | Fiscal 2024 plan |
|---|---|---|---|
| 1 | Amend medium- and long-term greenhouse gas emissions reduction targets and join related global initiatives | At the end of fiscal 2022, received validation that Casio’s greenhouse gas reduction targets are aligned with the SBT scenario of “Well below 2 °C.” In October 2021, joined RE100 to demonstrate Casio’s firm commitment to reduction activities. | Continued efforts to reduce greenhouse gas emissions
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| 2 | Announce support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and disclose relevant information | Announced support for TCFD recommendations and began disclosing climate-related information in April 2021 Performed scenario analysis at related departments in each segment, formulated strategy based on analysis of risks and opportunities, and disclosed them on the Sustainability website |
Formulate an implementation plan to deepen scenario analysis |
| 3 | Formulate an action plan (scenario) for greenhouse gas emissions reduction by FY2031 | Formulated a scenario for scope 1 & 2 emissions reduction by FY2031 Switched to renewable energy-derived electricity at six major business sites in Japan |
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| 4 | Reconstruct the environmental vision/environmental policy | Formulated environmental philosophy system and plan consisting of an environmental vision, environmental policy, and action targets in October 2021 | Coordinate with each functional headquarters to formulate an environmental philosophy system and identify specific promotion themes |
| 5 | Reestablish sustainability goals |
Implemented target-based organization of SDGs to aim for according to business unit/function | Specify SDGs and targets according to business unit/function and formulate KPIs based on their mid-term business plans |
| 6 | Redefine materiality |
Review existing definitions of economic and social material aspects based on corporate growth strategy |
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| 7 | Disclose non-financial information in the Securities Report |
Collaborate with relevant departments to ensure disclosure in line with Japan’s Financial Services Agency guidance |