EPSON has announced the approval of the net-zero target and milestone targets it has set based on the Net-Zero Standard of the Science Based Targets initiative (SBTi). The company is seeking to decarbonize and has set strategic targets for the reduction of greenhouse gas (GHG) emissions. Climate change and global warming are serious issues for society, and EPSON is helping to work toward a solution. The company achieved the elevated targets ahead of schedule by transitioning to 100 percent renewable electricity worldwide. The 2050 net-zero target is based on the SBTi Net-Zero Standard. Directly reducing all scope 1, 2, and 3 GHG emissions compared to the baseline year is the priority. Neutralization of all residual emissions that cannot be eliminated will be achieved through permanent carbon removal or storage.
Reducing GHG emissions across the value chain, which accounts for 90 percent or more of EPSON’s total emissions, requires close collaboration with suppliers. To reduce the environmental impact of purchased goods and services (Scope 3, Category 1), EPSON launched a supplier engagement program called the “EPSON Green Supply Chain.” Under this programme, EPSON has moved to increase the accuracy of primary GHG emissions data collected from suppliers by introducing a visualization solution. We have also begun exploring a framework under which we and our main suppliers jointly procure renewable electricity. Meanwhile, EPSON is also developing CO2 absorption technology as a key project in its environmental technology development. Beyond achieving our science-based targets, we aim to contribute to the decarbonisation of society by pursuing our additional goal of becoming carbon negative.
