Konica Minolta

Konica Minolta, a Japanese company in the Computer and related services industry, has set ambitious climate targets and reported significant emissions data.

Emissions Performance:

For the fiscal year 2024, Konica Minolta reported total greenhouse gas emissions of approximately 1.11 billion kg CO2e. This breaks down into:

• Scope 1: Approximately 148.36 million kg CO2e
• Scope 2: Approximately 122.58 million kg CO2e (market-based) / 148.73 million kg CO2e (location-based)
• Scope 3: Approximately 836.21 million kg CO2e

In fiscal year 2023, the company's total emissions were approximately 1.04 billion kg CO2e, comprising:

• Scope 1: Approximately 147.68 million kg CO2e
• Scope 2: Approximately 139.00 million kg CO2e
• Scope 3: Approximately 751.31 million kg CO2e

Earlier reports show fluctuations, with total emissions in fiscal year 2022 reaching approximately 1.20 billion kg CO2e, and in fiscal year 2021 approximately 1.08 billion kg CO2e.

Climate Commitments and Reduction Targets:

Konica Minolta is committed to reducing its environmental impact through a range of initiatives and targets, including:

• Net Zero by 2050: The company aims to achieve net zero greenhouse gas (GHG) emissions across its value chain by fiscal year 2050. This commitment has been validated by the Science Based Targets initiative (SBTi) and aligns with a 1.5°C emission pathway.
• Near-Term Reductions:
  • A commitment to reduce absolute Scope 1 and 2 GHG emissions by 51% by fiscal year 2030, using fiscal year 2018 as a base year.
  • A commitment to reduce absolute Scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, use of sold products, and end-of-life treatment of sold products by 30% within the same timeframe (by fiscal year 2030, from a fiscal year 2018 base year).
  • Earlier targets included reducing CO2 emissions by 61% compared to fiscal year 2005 levels by fiscal year 2025, and a further reduction target of 70% (720,000 tons) by fiscal year 2030.
• Carbon Minus Initiative: Konica Minolta aims to achieve "Carbon Minus" status by fiscal year 2025, signifying that its contribution to reducing CO2 emissions outside its direct responsibility exceeds its own emissions. This is driven by integrating core technologies, leveraging AI, and enhancing workflow and supply chain transformations.
• SBTi Approval: Konica Minolta's CO2 emission reduction targets have been approved by the Science Based Targets initiative (SBTi), ensuring alignment with the Paris Agreement. Their targets are confirmed to be consistent with the latest SBTi Corporate Net-Zero Standard.

These commitments demonstrate Konica Minolta's proactive approach to climate change mitigation within the computer and related services sector.