OMRON Declares Its Commitment to Doubling Energy Productivity by 2040 to Achieve Carbon Neutrality
OMRON Corporation headquartered in Shimogyo-ku, Kyoto, became a member of The Climate Group's EP100 initiatives.
November 08, 2022. By News Bureau
OMRON Corporation headquartered in Shimogyo-ku, Kyoto, became a member of The Climate Group's 'EP100' initiatives.
OMRON is the first Japanese company in the manufacturing industry and the fourth Japanese company in general to join the EP100 initiative, which brings together over 120 energy smart businesses committed to measuring and reporting on energy efficiency improvements.
With its Industrial Automation and Healthcare businesses joining the Initiative, OMRON commits to doubling its energy productivity. The goal is to double the amount of sales per gigawatt hour (Gwh) compared to 2016 levels by 2040.
'Energy productivity' refers to the absolute amount of energy consumption in the denominator and the amount of sales and value added in the numerator for Scope 1 and Scope 2. It is an indicator that aims to achieve reduction in energy consumption and simultaneously boost economic growth.
In its long-term vision 'Shaping the Future 2030,' launched in April 2022, OMRON expressed its commitment to solving social issues through its business.
By transforming its organization in the years to come, the company aims to contribute to social needs such as achieving carbon neutrality. It is committed to reducing greenhouse gas emissions, and bringing about a decarbonized society through energy conservation and cleaner power consumption.
To achieve 'Carbon Zero in 2050,' as committed to in 2018, OMRON set a target of reducing greenhouse gas emissions (Scope 1 and 2) from its own operations by 53% in fiscal year 2024 and 65% in fiscal year 2030, compared to fiscal year 2016.
To achieve these targets, OMRON is expanding its energy conservation and creation efforts while working to achieve zero carbon emissions at 76 sites in Japan by fiscal year 2024, as outlined by its mid-term management plan "Shaping the Future Phase 1."
Yoshihito Yamada, President and CEO, OMRON Corporation, also commented on joining the EP100. "In OMRON's long-term vision for the next 10 years, 'Shaping the Future 2030,' we identified 'Contributing to Achievement of Carbon Neutrality' as one of the social issues to be addressed through our business activities. OMRON is serious about its commitment to the social issue of climate change, and joining the EP100 is another important step to realize our ambition of carbon neutrality. We want to promote carbon neutrality throughout our entire value chain by empowering our customers to curb their emissions using our initiatives and solutions. Climate consciousness is not only a part of our responsibility to our planet, but also a key differentiator to ensure we run a future proof business. OMRON is committed to fulfill its corporate social responsibility to the earth and society, while transforming carbon neutrality into a competitive advantage for the company and further increasing the added value of its value chain to enhance its corporate value."
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