04/18/2024 | Press release | Distributed by Public on 04/17/2024 20:59
TOKYO, Apr 18, 2024 -- OKI (TOKYO: 6703) has revised its FY2050 targets for global warming prevention in the OKI Group Environmental Vision 2030/2050 ("Environmental Vision" hereinafter) which sets forth medium- to long-term environmental goals. As a company committed to helping to resolve social issues under the key message "Delivering OK! to your life," OKI aims to achieve net zero by eliminating CO2 emissions from its entire value chain, including its own sites.
OKI has been strengthening initiatives in areas such as global warming prevention, with "reducing environmental impact through business activities" held as one of its material issues (materiality). In 2023, OKI obtained certification (SBT certification) from the international Science Based Targets initiative (SBTi) (Note1)for its FY2030 greenhouse gas emission reduction targets outlined in the Environmental Vision as levels that are consistent with scientific knowledge. In this revision to the Environmental Vision, OKI sets out to achieve the net zero goal across its value chain, including its own sites, as its FY2050 targets. OKI plans to obtain SBT certification for these long-term targets as well.
Net zero targets are considered difficult to achieve. Only some 30 companies in Japan currently have had their net zero targets officially certified by SBTi. OKI aims to achieve these targets by promoting energy saving and renewable energy use to help prevent global warming at its own sites; by enhancing communication with suppliers; and by developing and providing innovative products and services that help resolve environmental issues.
A joint initiative by the WWF, CDP, World Resources Institute (WRI), and the United Nations Global Compact. It encourages companies to set reduction targets that are consistent with scientific knowledge, with the aim of limiting the rise in global average temperature due to climate change to 1.5 degrees Celsius compared to pre-industrial levels.
Founded in 1881, OKI is Japan's leading information and telecommunication manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its Public Solutions, Enterprise Solutions, Component Products, and Electronics Manufacturing Services businesses. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at https://www.oki.com/.