Citizen Watch Co., Ltd.

Climate Impact & Sustainability Data (2023)

Achieved Science Based Targets (SBT) Initiative certification in January 2023 for CO2 emissions reduction targets (Scope 1 & 2: 50.4% reduction from FY2018; Scope 3: 30% reduction from FY2018 for Category 1 and 11).
100% renewable energy electricity at Tokyo and Tokorozawa Works.
Established CITIZEN Group Environmental Vision 2050 and CITIZEN Group Environmental Goals 2030 aiming for virtually zero CO2 emissions from factories and offices.

100% of female employees return to work after childcare leave (excluding those who left due to spouse transfer).
Introduced a job return system for those who left due to spouse relocation, childcare, or nursing care.
Aims to increase the ratio of female managers to at least 20% by 2030 (from 9% in FY2023).
Actively encourages male employees to take childcare leave.
Regular engagement-related survey introduced in FY2022 leading to an in-house recruitment system and inclusion of listening skills in manager training.

Established Nomination and Compensation Committees with majority of members being Outside Directors.
Conducts annual effectiveness evaluation of the Board of Directors using an outside agency's tool.
Complies with all principles set forth in the Corporate Governance Code as amended in June 2021.

Long-term Goals:

Medium-term Goals:

Achieve virtually zero CO2 emissions from factories and offices by 2050
Reduce Scope 1 & 2 emissions by 50.4% and Scope 3 emissions by 30% (from FY2018 levels) by 2030
Disclose the ratio of Sustainable Products to net sales in FY2025

Short-term Goals:

Energy saving activities and introduction of renewable energy at factories and offices.
Revised CO2 emissions reduction targets.
Established certification criteria for Sustainable Products.
Developed Disaster BCP (Business Continuity Plan) for climate change adaptation.

Frameworks Used: TCFD

Certifications: Science Based Targets (SBT) Initiative