As well as the global 100 listing, Konica Minolta has also been awarded a global leadership position on the Climate A List by Carbon Disclosure Project (CDP) - an international not-for-profit organisation - and has been listed on the Dow Jones Sustainability World Index.
The Global 100 is announced annually by the Canada-based Corporate Knights at the meeting of the World Economic Forum (WEF), known as the Davos Meeting.
The 2021 Global 100 corporations that excel in sustainability were selected from among 8,080 major companies around the globe based on an evaluation of environmental, social, and governance indicators as well as the ability to promote diversity and innovation and the percentage of sales of eco-friendly products.
The Climate A List comprises companies that have been recognised as global leaders for their actions and strategies in response to climate change, and of more than 5,800 companies around the world that were covered by CDP’s survey, 270 companies were included on the Climate A List this year for their actions to reduce CO2 emissions and mitigate climate change.
Konica Minolta says that with the establishment of its long-term management vision and its DX2022 medium-term business strategy, it has committed to achieving carbon minus status (representing Konica Minolta’s commitment to reducing CO2 emissions to a level exceeding the CO2 emissions of the entire lifecycle of its products) ahead of schedule, by 2030 instead of 2050.
“By promoting digital transformation (DX), the company is speeding up its efforts to work with more companies, including customers and business partners, to reduce environmental impacts more extensively,” says Konica Minolta.
Konica Minolta has been included in the Dow Jones Sustainability World Index (DJSI World) - considered one of the world's most prestigious environmental, social and governance (ESG) investment indexes - for the ninth consecutive year.
It has also been included in the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) for the 12th consecutive year.
Konica Minolta says that after gaining insight into social and environmental issues expected to be critical by 2030, by examining the UN Sustainable Development Goals (SDGs) and macro trends, it conducted a materiality analysis examining the intersection between social issues that must be solved and its business growth.
“This led to the identification of five new material issues for Konica Minolta to tackle including: improving fulfillment in work and corporate dynamism; supporting healthy, high-quality living; ensuring social safety and security; addressing climate change; and using limited resources effectively,” the company notes.
“These five material issues are linked to Konica Minolta's business growth strategy and are now the cornerstones for action in each of the Group’s business areas.
“In alignment with the value creation process of each business unit, Konica Minolta will implement initiatives for both business growth and sustainability to create value for customers and broader society.”
Yohei Konaka, chairman and managing director, Konica Minolta Australia, said, “Konica Minolta is a global leader when it comes to corporate social responsibility, sustainability, and other important causes. Being recognised for its commitment to sustainability on a global level is testament to the value that Konica Minolta is adding to the communities in which it operates.”