OMRON Included in CDP’s A Lists for Climate Change and Water Security

  • December 16, 2022

OMRON Corporation (Headquarters: Shimogyo-ku, Kyoto; President and CEO: Yoshihito Yamada) announced today that it has been included in the A Lists for the two categories of Climate Change and Water Security by CDP*1, a global non-profit that runs a global environmental disclosure system.

This year, CDP surveyed over 18,700 companies across the globe to score them from A to D- in terms of the comprehensiveness of disclosure, awareness and management of environmental risks, and best practices associated with environmental leadership, such as setting ambitious and meaningful targets. This is the first time that OMRON has been selected for the A Lists for Climate Change and Water Security. There are 74 Japanese companies on the 2022 Climate Change A List and 35 Japanese companies on the 2022 Water Security A List, both including OMRON.

CDP


These evaluation results came about in recognition of OMRON’s steady environmental efforts and information disclosure transparency. To combat climate change, in July 2018, we set OMRON Carbon Zero as a new target to eliminate greenhouse gas (GHG) emissions by the year 2050, thus advancing efforts to reduce GHG emissions resulting from our business activities. Meanwhile, in March 2022, to step up our initiatives to realize a carbon-neutral society, OMRON changed the scenario for reducing GHG emissions in Scope 1 and 2 from a 2℃ scenario to a more aggressive 1.5℃ scenario. On top of these initiatives to reduce our own emissions, we have also set a new target of an 18% reduction for GHG emissions from the use of products we sell (Scope 3, Category 11) by 2030 (compared to fiscal 2016, based on the 2℃ scenario), in an effort to reduce GHG emissions throughout the value chain. These targets were certified by an international organization, the Science Based Targets initiative (SBTi) *2, in May 2022.

In February 2019, we declared our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and we have since conducted scenario analysis and disclosure in accordance with TCFD’s framework. In fiscal 2022, we disclosed the results of such analysis in our securities report for the first time, thus strengthening our engagement with shareholders/investors and other stakeholders regarding climate change initiatives.

To enhance water security, we are working on a self-set target of reducing water consumption at all our production sites across the globe. Up to fiscal 2021, we had reduced water withdrawals at all our production sites by 35% from fiscal 2015 by reshuffling our business portfolio, in addition to reducing water consumption there. At the same time, we determined which sites were running a high water risk to voluntarily conserve water resources there and ensure business continuity.

In our long-term vision, “Shaping the Future 2030,” which was kicked off in April 2022, OMRON identified key sustainability issues (materiality), which included “solving social issues through our business” and achieving de-carbonization and reducing environmental impacts,” thus forging ahead with initiatives designed to realize a carbon-neutral society. In October 2022, OMRON became the first Japanese manufacturing company to join the EP100, an international corporate initiative to improve energy productivity.

OMRON will remain committed to consistently enhancing its corporate value by striving to solve environmental issues collaboratively with all players in the value chain and meeting the expectations of its stakeholders.

  • *1 CDP
    A global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.
  • *2 SBTi (Science Based Targets Initiative)
    An international initiative that recommends setting medium- and long-term greenhouse gas reduction targets based on scientific evidence.

For details on OMRON’s long-term vision and sustainability initiatives, please see our Integrated Reports and the corporate website.
<Integrated Report 2022>
https://www.omron.com/global/en/integrated_report/



<Long-term vision, Shaping the Future 2030>
https://www.omron.com/global/en/sf2030/


<Sustainability Initiatives>
https://sustainability.omron.com/en/


About OMRON Corporation
OMRON Corporation is a leading automation company with its core competencies in Sensing & Control + Think technology, and is engaged in a wide range of businesses including industrial automation, healthcare, social systems, and electronic components. Established in 1933, OMRON has about 30,000 employees worldwide, working to provide products and services in around 120 countries and regions. For more information, please visit https://www.omron.com/global/en/

Contact from Media
OMRON Corporation
Brand Communications Department
Corporate Communications Group
Tel: +81-75-344-7175

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