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Sustainability Implementation System | CASIO

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Sustainability Management

Sustainability Implementation System

│Sustainability Committee

Casio has amended its CSR implementation system and established a Sustainability Committee positioned between its Board of Directors and Management Committee. Since the beginning of fiscal 2022, in accordance with revisions to the business execution structure, the committee has been chaired by the director in charge of ESG strategy, with its members including the CFO, CHRO, heads of each business, heads of each functional headquarters, and officers in charge of staff departments. Important functions of the committee are to ensure that key issues relating to sustainability are candidly discussed by officers on the committee and to ensure that all committee members develop a consensus understanding of those issues. The results of the committee’s deliberations are reported to the Board of Directors and then put into practice, following necessary procedures. In addition, the state of progress regarding each issue is continually monitored.

Themes that were deliberated on by the Sustainability Committee from fiscal 2021 through the beginning of fiscal 2022 and put into practice are outlined below, along with plans for fiscal 2022.

No. Theme Fiscal 2021 performance Fiscal 2022 plan
1 Amend medium- and long-term greenhouse gas emissions reduction targets and join related global initiatives Enhanced Casio’s greenhouse gas emissions reduction targets to meet  the latest SBTi criteria
  • Receive validation from SBTi that Casio’s targets are aligned with the scientific evidence-based goal of limiting global warming to well below 2 °C (validation already received)
  • Join RE100
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 regarding governance, strategy, risk management, indices, and targets Perform scenario analysis and formulate strategy based on analysis of risks and opportunities
3 Formulate an action plan (scenario) for greenhouse gas emissions reduction by FY2031

Formulated a scenario for scope 1 & 2 emissions reduction by FY2031

  • Promote measures for reducing scope 1 & 2 emissions based on a FY2031 scenario
  • Verify actual conditions of scope 3 emissions and formulate a reduction scenario
4 Reconstruct the environmental vision/environmental policy Formulated environmental philosophy system and plan consisting of an environmental vision, environmental policy, and action targets 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

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