Energy Efficiency, GHG Emissions, Industrial - June 8, 2023
Canon Reduces Emissions in Product Lifecycle
Canon Inc. announced plans to become net zero by 2050 by reducing CO2 emissions over entire product lifecycles through the development of more energy-efficient products. Additionally, it is elevating energy efficiency by introducing renewables at Canon production sites.
Since 2008, Canon has consistently achieved its target of an average annual improvement of 3% for the index of lifecycle CO2 emissions per product unit. The company aims to build on this record of achievement by increasing the use of renewable energy across select regions.
By continuing to achieve this target, Canon expects to improve by approximately 50% in 2030. Additionally, Canon aims to reduce absolute Scope 1 and 2 GHG emissions by 42% and absolute Scope 3 GHG emissions by 25% by 2030. The company submitted these targets to the Science Based Targets initiative (SBTi) for validation.
Canon is focused on protecting the environment throughout the product lifecycle. It established a system of environmental assurance activities that aligns its product development with its environmental targets and vision. The company also conducts audits to assess the progress of initiatives as well as identify any issues to be addressed. By implementing these assessments, Canon determines which measures will contribute to more energy-efficient products.
Highlights are detailed in the Canon Sustainability Report.
“Based on our corporate philosophy of kyosei, Canon has also been at the forefront of initiatives to protect the environment because we consider this to be our responsibility as a global enterprise,” said Fujio Mitarai, Chairman & CEO of Canon, in a statement. “We have tried to build harmonious relationships with the Earth and the natural environment. We introduced a system for printer cartridge recycling in 1990. Since then, we have worked throughout our organization to reduce the lifecycle CO2 emissions of Canon products at every stage from R&D, design, procurement, and production to logistics, sale, servicing, and post-use collection and recycling.”