Established our global Environmental Vision 2050
We established our global Environ- mental Vision 2050, setting out our environmental goals to the year 2050 - a vision of a sustainable future, drawing on our core values as a manufacturer.
Our global sustainability vision
As a global organization, we aspire to contribute to achieving more sustainability and enriching communities. Achieving this goal requires us to address societal issues, driving transformational change in the way things are done. Our Environmental Vision 2050 was conceived, not from a what we can or cannot achieve perspective, but from what we must achieve as a global manufacturer. Our Environmental Vision sets out our commitment to becoming carbon negative and underground resource free by 2050.
Sustainability Report 2023
2008
2018
Revised Environmental Vision 2050
The world changed as global efforts to address cimate change accelerated. The UN adopted the Sustainable Development Goals (SDGs), and the Paris Agreement was charting a course towards decarbonisation. We revised our Ervironmental Vision 2050 to include satting goals that reflect our strong commitment to addressing these major socistal issues.
2023
Commitment to using 100% renewable electricity
We are committed to using 100% renewable electricity across our entire global Group by 2023.
2025
Epson 2025 Renewed Environmental Vision
To achieve our 2050 goals, we set 2025 mid-term target milestones using the backcasting process - a planning technique where we envisioned our desired 2050 outcome and identified scenarios required to reach that outcome. In 2021, we revised this corporate vision - Epson 2025 Renewed. As part of Epson 2025 Renewed, we set aside JPY100 billion (€770 million) over 10 years with a focus on decarbonisation, resource recycling and an accelerated programme to develop ervironmental technologies. We have set targets for a 34% reduction in direct emissions (Scopes 1 and 2) and a 44% reduction in indirect emissions (Scope 3) before the end of 2025. By 2025, we will ensure all our major suppliers are ranked low risk in terms of CSR and our products will be conflict mineral free at a global level.
By 2030
Reduce the total emissions of our products and services
We have pledged to reduce our total emissions in line with the 1.5°C scenario. We will achieve this through reduction of the environmental impacts of our products and services, and in our supply chains. We have aligned our operations and activities to the 17 SDGs, and as we work towards 2030, we have aligned our materialities to the SDGs with clear, measurable targets and metrics, showing our performance against each goal.
By 2050
Become carbon neutral
We aim to become carbon neutral, moving to greenhouse gas (GHG)-free manufacturing, then removing more carbon. This includes using renewable energy, reducing energy consumption of equipment and facilities, G-G removal, and carbon-free log stics. Intially, we will minimise our production and products associated energy use, and switch to renewable energy. We aim to reduce our customers" GHG emissions by providing products that have a smaller ervironmental footprint and by moving to carbon-free logistics. We will start investigating/ developing technologies and practical applications to remove and capture GHG from the atmosphere, for example by storing carbon in biomaterials. We will dramatically change the way we use the world's natural capital by becoming underground resource free by 2050. We wil utilise recycled metals, plastics, and other previously mined minerals as above-ground and renewable energy sources.