Canon Inc. Makes Carbon Disclosure Project's (CDP) 'A-List' in Two Categories

Rhea-AI Summary

Canon U.S.A., Inc. announced recognition from the Carbon Disclosure Project (CDP), receiving A-List status for climate change and water security initiatives. This marks Canon's second appearance on the climate change A-List and its first for water security. With a goal to cut lifecycle CO2 emissions by 3% annually, Canon achieved a total reduction of 40% from 2008 to 2019. The company's environmental strategy, 'Action for Green,' focuses on sustainable practices throughout the product lifecycle. Canon Inc. (NYSE:CAJ) reported approximately $33 billion in global revenue.

Positive

• Received CDP A-List recognition for climate change and water security.
• Achieved total reduction of 40% in lifecycle CO2 emissions since 2008.
• Established goals for annual reduction of lifecycle CO2 emissions by 3%.

Negative

• None.

MELVILLE, N.Y., Dec. 17, 2020 /PRNewswire/ -- Canon U.S.A., Inc. today announced that its parent company, Canon Inc.,'s environmental initiatives have been recognized by the international environmental non-profit organization Carbon Disclosure Project (CDP)¹, based in the United Kingdom, in the fields of climate change and water security, and awarded a spot on the CDP's A-List in both categories.

The CDP evaluates major companies worldwide on their efforts to tackle climate change. Evaluations are based on information disclosed in response to questions sent to the companies regarding such topics as climate change and water security. This is Canon's second time earning a spot on the A-list in the climate change category, having first made the list in 2016, and its first time in the water security category.

Under its Action for Green environmental vision, introduced in 2008, Canon aims to strike a beneficial balance between enriching lifestyles and protecting the Earth's environment. Focusing on the key objectives of realizing "A low-carbon society," "A circular resource society," "Elimination of harmful materials" and "A society in harmony with nature," Canon strives to integrate these efforts with business operations and apply them throughout the entirety of the product lifecycle.

Canon set a goal of annually reducing lifecycle CO2 emissions for each product by 3%. In 2019, the company has successfully achieved a total reduction of 40% and an average reduction of approximately 4.7% a year for the period between 2008 and 2019. In addition, the company achieves its water resource management objectives through such measures as maintaining a closed wastewater system at production sites. Furthermore, data on Canon's greenhouse gas emission levels, energy usage and water usage are also verified by a third party. Based on these programs and ongoing efforts, Canon has received high praise and been awarded a spot on the CDP's A-list for both of the above categories.

Canon's Action for Green environmental vision aims to realize a society that promotes both enriched lifestyles and the global environment through technological innovation and improved management efficiency. Throughout the entire product lifecycle, Canon continues to expand activities with its customers and business partners to help reduce environmental burden in pursuit of this environmental vision.

About Canon U.S.A. Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $33 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents granted in 2019^† and was named one of Fortune Magazine's World's Most Admired Companies in 2020. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss and follow us on Twitter @CanonUSA.

^†Based on weekly patent counts issued by United States Patent and Trademark Office.

1 Established in the U.K. in 2000. Acting on behalf of such organizations as institutional investors and major consumer businesses, the CDP supports a singular global system whereby businesses and cities measure, disclose, manage and share important environmental information. In 2020, over 515 institutional investors controlling a total of $USD 106 trillion and more than 150 consumer businesses with $USD 4 trillion of purchasing power utilized the CDP's platform to seek environmental information, and a record 9,600 corporate enterprises responded to these requests.

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SOURCE Canon U.S.A., Inc.

FAQ

What recognition did Canon Inc. (NYSE:CAJ) receive from the Carbon Disclosure Project?

Canon Inc. was awarded A-List status by the Carbon Disclosure Project for its climate change and water security efforts.

How much has Canon Inc. (NYSE:CAJ) reduced its lifecycle CO2 emissions?

Canon has achieved a total reduction of 40% in lifecycle CO2 emissions from 2008 to 2019.

What is Canon's goal for CO2 emissions reduction?

Canon aims for an annual reduction of lifecycle CO2 emissions by 3%.

When was Canon Inc. (NYSE:CAJ) recognized for the first time on the CDP A-List?

Canon first made the CDP A-List for climate change in 2016.

What is Canon's environmental strategy called?

Canon's environmental strategy is called 'Action for Green'.