Climate Change Data

EIZO Corporation

Climate Impact & Sustainability Data (2007-04 to 2008-03, 2011, 2011-04 to 2012-03, 2012-04 to 2013-03, 2013-04 to 2014-03, 2014-04 to 2015-03, 2015-04 to 2016-03, 2016-04-01 to 2017-03-31, 2018-04 to 2019-03, 2019-04 to 2020-03, 2020-04 to 2021-03, 2022-04 to 2023-03)

Reporting Period: 2007-04 to 2008-03

Environmental Metrics

Total Carbon Emissions:3,032 t-CO2 (+37.5%)
Total Energy Consumption:5.84 million kWh (+18.0%)
Water Consumption:51,000 m3 (+15.1%)
Waste Generated:212.5 t (+11.2%) industrial waste; 45.5 t (+52.1%) general waste; 272.4 t (-15.6%) wastepaper

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced copier paper usage by 11.4%
  • Achieved 97% recycling rate of industrial waste
  • Reduced industrial waste by 4%

Social Achievements

  • No workplace accidents attributable to workplace hazards, traffic hazards, or overwork occurred during the past decade, including fiscal 2007.
  • Introduced flexible work time system and reduced overtime

Governance Achievements

  • Adopted Eizo Nanao Group Code of Conduct
  • Established a Compliance Committee to enhance the compliance system

Climate Goals & Targets

Short-term Goals:
  • Reduce industrial waste to 210 t overall
  • Reduce paper consumption to 6 t for purchases of copier paper

Environmental Challenges

  • Increase in energy consumption due to a new building
  • Increase in general waste due to increased imports of large-format components
  • Failure to meet target for copier paper reduction
Mitigation Strategies
  • Reductions in climate control energy use from upgrades to existing facilities and central monitoring
  • Switching to LPG for climate control, phasing out fuel oil A
  • Working with waste processing companies to recycle Styrofoam
  • Promoting the use of electronic media and publicity aimed at reductions in paper consumption

Supply Chain Management

Responsible Procurement
  • Green procurement policy prioritizing environmentally compliant materials, parts, and products

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ministry of the Environment’s Environmental Report Guideline, U.S. Environmental Protection Agency’s National Environmental Performance Track program

Certifications: ISO 14001

Awards & Recognition

  • Governor of Ishikawa’s Green Enterprise award
  • Health Minister’s Award for Excellence in health and safety initiatives

Reporting Period: 2011

Environmental Metrics

Total Carbon Emissions:2,220 t-CO2
Total Energy Consumption:8.24 million kWh
Water Consumption:23,195 m3
Waste Generated:225 tons (industrial) + 13 tons (general) + 353 tons (wastepaper)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced power consumption to 8.24 million kWh (below the target of 9.20 million kWh)
  • Reduced industrial waste by 32% year-on-year to 225 tons
  • Achieved a 95.7% waste recycling rate
  • Reduced kerosene consumption to 17 kl and LPG consumption to 130 t
  • Implemented compact packaging

Social Achievements

  • Conducted environmental training for all employees
  • Promoted reuse of office supplies and in-house furniture
  • Collected and recycled used products from customers

Governance Achievements

  • Maintained ISO 14001 certification
  • Complied with revised Rationalization in Energy Use Law
  • No compliance problems found in fiscal 2011

Climate Goals & Targets

Short-term Goals:
  • Reduce electricity consumption to no more than 9.26 million kWh/year
  • Reduce consumption of fuel LPG: up to 140 t; kerosene: up to 20 kl
  • Reduce industrial waste by up to 350 t

Environmental Challenges

  • Surplus unrecyclable waste generated by separate production activities
  • Meeting the 96% waste recycling goal
Mitigation Strategies
  • Promotion of voluntary 5S activities
  • Optimizing air conditioning system operation and replacing some units
  • Reducing electricity use by cutting down on in-house lighting

Supply Chain Management

Responsible Procurement
  • Green Procurement Standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI application level B

Certifications: ISO 14001, EPEAT Silver (many monitors), TCO Displays 6.0, ENERGY STAR 5.0

Sustainable Products & Innovation

  • EV series monitors with low power consumption

Reporting Period: 2011-04 to 2012-03

Environmental Metrics

Total Carbon Emissions:2,220 t-CO2
Total Energy Consumption:89,381 GJ
Water Consumption:23,195 m3
Waste Generated:225 tons (industrial waste)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced industrial waste by 32% year-on-year to 225 tons
  • Achieved a 95.7% waste recycling rate
  • Reduced total energy use to below 1,500 kl in crude oil equivalent

Social Achievements

  • Reduced average actual working hours in fiscal 2011
  • Supported various programs including maternity leave, childcare leave and nursing care leave
  • Maintained good labor-management relations at Group companies

Governance Achievements

  • Established a liaison point to provide answers to questions and advice on problems concerning legal issues
  • Operated a whistle-blowing system
  • Introduced a performance-based compensation system

Climate Goals & Targets

Environmental Challenges

  • Surplus unrecyclable waste generated by separate production activities
  • Need to further improve average working hours
Mitigation Strategies
  • Promotion of voluntary 5S activities
  • Work improvement activities on a unit-by-unit basis and observing a weekly no-overtime day

Supply Chain Management

Responsible Procurement
  • Green Procurement Standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Guidelines (Application Level B)

Certifications: ISO 14001, ISO 9001, ISO 13485

Third-party Assurance: Sustainability Accounting Co., Ltd.

Awards & Recognition

  • Good Design Award 2011

Reporting Period: 2012-04 to 2013-03

Environmental Metrics

Total Carbon Emissions:5,019 t-CO2e
Total Energy Consumption:8,480,000 kWh
Water Consumption:26,140 m3
Waste Generated:246.1 tons

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced electricity consumption to below 8.48 million kWh/year
  • Reduced LPG consumption to 123.9 t/year and kerosene consumption to 15.1 kl/year
  • EV series achieved power consumption of 0.5 W in sleep mode and 0.5 W in off mode
  • Industrial waste recycling rate of 96.9%

Social Achievements

  • Established sales subsidiaries in the United Kingdom and Germany
  • Maintained good labor-management relations at Group companies
  • Employs 17 disabled people (2.09% of workforce at EIZO Corporation)
  • Reduced average working hours in FY2011

Governance Achievements

  • Appointed a single outside director to increase transparency of management decisions
  • Introduced a performance-based compensation system for officers
  • Established an internal control system for financial transactions

Climate Goals & Targets

Medium-term Goals:
  • Maintain industrial waste generation below 255 t and purchase of copier paper below 5.9 t
Short-term Goals:
  • Reduce electricity consumption to no more than 8.325 million kWh/year
  • Reduce consumption of fuel LPG: no more than 140 t; kerosene: no more than 19 kl

Environmental Challenges

  • Increase in CO2 emissions due to increased CO2 conversion factor for electricity
  • Increase in average working hours in FY2012
Mitigation Strategies
  • Optimizing the operation of air conditioning units to save energy
  • Replacing some lighting with LED lighting
  • Work improvement activities and weekly no-overtime day to reduce working hours
  • Promoting measures to streamline operational processes and achieve greater efficiency

Supply Chain Management

Responsible Procurement
  • Green Procurement Standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Guidelines (version 3.1)

Certifications: ISO 9001, ISO 13485, ISO 14001

Third-party Assurance: Sustainability Accounting Co., Ltd.

Sustainable Products & Innovation

  • EV series monitors

Awards & Recognition

  • 2012 Good Design Award for DuraVision FDH3601

Reporting Period: 2013-04 to 2014-03

Environmental Metrics

Total Carbon Emissions:4,582 t-CO2
Total Energy Consumption:90,131 GJ
Water Consumption:24,041 m3
Waste Generated:311.2 tons (industrial) + 14.6 tons (general) + 484 tons (wastepaper)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced electricity consumption to below 8.32 million kWh/year
  • Reduced LPG consumption to 127.5 t/year and kerosene consumption to 18.8 kl/year
  • EV series achieved power consumption of 0.5 W in sleep mode and 0.5 W in off mode
  • Reduced body thickness of models developed in fiscal 2013 by more than 10 mm

Social Achievements

  • Established a 24-hour hotline service in Germany for medical staff
  • Provided monitors to organizations supporting people with disabilities and young photographers
  • Reduced average working hours to 1941 hours in FY2013

Governance Achievements

  • Established a whistle-blowing system
  • Introduced a performance-based compensation system for officers
  • Established a risk management system

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce electricity consumption to no more than 8.888 million kWh/year
  • Reduce fuel consumption (LPG: no more than 139 t; kerosene: no more than 18 kl)

Environmental Challenges

  • Increased industrial waste due to changes in material procurement
  • Increased average working hours in FY2012
Mitigation Strategies
  • Optimizing air conditioning to reduce fuel consumption
  • Work improvement activities and weekly no-overtime day to reduce working hours

Supply Chain Management

Responsible Procurement
  • Green Procurement Standards
  • Chemical substance management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 13485, ISO 14001, ENERGY STAR 6.0, TCO Certified Displays 6, EPEAT Gold

Third-party Assurance: Sustainability Accounting Co., Ltd.

Sustainable Products & Innovation

  • EV series monitors

Awards & Recognition

  • Good Design Award 2013
  • Governor of Ishikawa’s Green Enterprise award
  • Health Minister’s Award for Excellence in health and safety initiatives

Reporting Period: 2014-04 to 2015-03

Environmental Metrics

Total Carbon Emissions:5,667 tCO2e/year
Total Energy Consumption:89,119 GJ/year
Water Consumption:23,364 m3/year
Waste Generated:280.5 tons/year (industrial waste)

ESG Focus Areas

  • Environmental Consideration
  • Compliance
  • Human Rights
  • Stakeholder Engagement
  • Product Quality

Environmental Achievements

  • Reduced electricity consumption to 8.336 million kWh/year (target was 8.888 million kWh/year)
  • Reduced LPG consumption to 121.2 t/year (target was 139 t/year)
  • Achieved power consumption of 0.5 W in sleep mode and 0.5 W in off mode for EV series products
  • Maintained industrial waste generation below 385 t (actual 280.5t), and copier paper purchase below 5.820 t (actual 5.639t)
  • Obtained TCO Certified Displays 6 certification for newly developed FlexScan products

Social Achievements

  • Maintained employment of persons with disabilities above the legal minimum (2.02% of workforce)
  • Implemented various programs to promote work-life balance, including childcare leave, nursing care leave, and reduced working hours
  • Conducted compliance training for all officers and employees
  • Established a whistle-blowing system to report illegal or unethical activities

Governance Achievements

  • Established a risk management system to identify and mitigate risks affecting business activities
  • Implemented a Business Continuity Plan (BCP) for disaster response and new influenza virus outbreaks
  • Introduced a managing officer system to separate management supervision and operational execution
  • Established an internal control system for financial transactions in accordance with the Financial Instruments and Exchange Act

Climate Goals & Targets

Short-term Goals:
  • Reduce electricity consumption to no more than 9.20 million kWh/year
  • Reduce fuel consumption (LPG: no more than 138 t; kerosene: no more than 20 kl)
  • Maintain industrial waste generation below 360 t and purchase of copier paper below 5.950 t

Environmental Challenges

  • Increase in CO2 emissions due to an increase in the conversion factor for electricity
  • Increase in industrial waste generation (280.5t compared to target below 385t)
Mitigation Strategies
  • Upgrading interior lighting to LED, optimizing air conditioning operation, and promoting smaller, lighter products
  • Implementing measures to reduce industrial waste generation and improve recycling rate

Supply Chain Management

Responsible Procurement
  • EIZO Supplier Code of Conduct
  • Green Procurement Standards
  • Conflict Minerals Template review of supply chain

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Guidelines

Certifications: ISO 9001, ISO 13485 (medical equipment), ISO 14001

Third-party Assurance: Sustainability Accounting Co., Ltd.

Sustainable Products & Innovation

  • EV series monitors with low power consumption

Awards & Recognition

  • Best of Show Award (ColorEdge CG318-4K at NAB Show 2015)

Reporting Period: 2015-04 to 2016-03

Environmental Metrics

Total Carbon Emissions:5,800 t-CO2e/year
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:8.344 million kWh/year
Water Consumption:24,639 m3/year
Waste Generated:338.2 tons/year (industrial waste)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Consideration
  • Human Rights
  • Labor Practices
  • Compliance
  • Stakeholder Engagement

Environmental Achievements

  • Maintained electricity consumption to less than 8.344 million kWh/year
  • Controlled LPG consumption to less than 128.7 t/year
  • Reduced body dimension and weight of models developed in fiscal 2015 by about 20% and 30%, respectively, compared to conventional models
  • Industrial waste generation: 338.2 t, purchase of copier paper: 5,538 kg
  • Obtained TCO Certified Displays 7 certification for newly developed FlexScan series
  • Installed solar panels in new factory building (about 180 kW)

Social Achievements

  • Zero turnover rate of young employees within one year of joining the company in Japan
  • High employee retention rate
  • First female manager appointed in fiscal 2015
  • Initiatives to contribute to local communities in Japan, Germany, Switzerland, the UK, and the US
  • Various programs supporting childcare and nursing care leave, shorter working hours, and leave to care for sick children

Governance Achievements

  • Established a whistle-blowing system
  • Introduced an operating officer system to separate supervision of management and execution of operations
  • Established an Audit and Supervisory Committee composed of four members including three independent outside directors
  • Developed a Business Continuity Plan (BCP) for disaster response and new influenza virus outbreak

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Maintain and improve a safe, healthy and vibrant work environment
Short-term Goals:
  • Reduce electricity consumption to no more than 10.125 million kWh/year
  • Reduce fuel consumption (LPG: 145 t max; kerosene: 20 kl max)

Environmental Challenges

  • Kerosene consumption exceeded target due to change in building air conditioning
  • Increased industrial waste due to larger packaging materials for LCD panels
  • Need to further enhance human resource development, particularly for women
Mitigation Strategies
  • Continued efforts to save energy, focused on air conditioning units
  • Active employment in the production department and improving efficiency in the development department to reduce working hours
  • Action Plan for Promoting the Role of Women to improve the working environment for female employees

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • EIZO Supplier Code of Conduct; Supplier Declarations obtained from all business partners

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Guidelines

Certifications: ISO 9001, ISO 13485 (medical equipment), ISO 14001

Third-party Assurance: Sustainability Accounting Co., Ltd.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Energy-efficient monitors

Awards & Recognition

  • Not disclosed

Reporting Period: 2016-04-01 to 2017-03-31

Environmental Metrics

Total Carbon Emissions:6,301 t-CO2
Scope 3 Emissions:203,622 t-CO2 (estimated)
Total Energy Consumption:9.57 million kWh
Water Consumption:26,066 m³
Waste Generated:435.8 tons

ESG Focus Areas

  • Environmental Consideration for Our Products and Business Operations
  • Open and Fair Trade
  • Strong Bonds of Trust with Stakeholders
  • Strict Respect and Compliance with both the Letter and Spirit of the Law
  • Broadminded Corporate Culture

Environmental Achievements

  • Reduced industrial waste generation to below 315.8 t
  • Maintained electricity consumption at 9.061 million kWh
  • Achieved compliance with EU energy label A++ standard for 2 products in the FlexScan series
  • Obtained ENERGY STAR 7.0 certification for 15 products in the FlexScan series
  • Obtained certification for 12 products in the FlexScan series compliant with TCO Certified Displays 7

Social Achievements

  • Conducted customer survey to measure satisfaction levels with sales and support staff (response rate: 65%)
  • Expanded disclosure of quantitative information, including employment status and initiatives for promoting women’s careers
  • Improved description of program for children visiting the workplace and educational programs for young employees
  • Launched Work Style Innovation project to reduce overtime and improve work-life balance
  • Maintained high employee retention rate

Governance Achievements

  • Transitioned from a Company with Board of Company Auditors to a Company with Audit and Supervisory Committee
  • Established an operating officer system to separate supervision of management and execution of operations
  • Established a risk management system to integrate and centralize the management of risks
  • Formulated a Business Continuity Plan (BCP)
  • Established an organizational structure for guaranteeing compliance and developed measures and systems to ensure effectiveness

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve 5% ratio of female managers in the EIZO Group in Japan during fiscal 2019
Short-term Goals:
  • Reduce overtime by 30% year-on-year in fiscal 2017

Environmental Challenges

  • Low productivity of Japanese companies and high overtime
  • Need to reduce energy consumption at new factory building
  • Growing concern for the environment and chemical substances
  • Need to improve accuracy of Scope 3 emissions calculations
  • Need to further expand products with lower electricity consumption
Mitigation Strategies
  • Work Style Innovation project to reduce overtime to zero
  • Installing energy-saving air conditioning systems and upgrading to LED lighting
  • Implementing measures for waste reduction and reduced resource and energy consumption
  • Trial calculations of Scope 3 emissions and plans to improve accuracy
  • Increase and upgrade products with EU energy labels

Supply Chain Management

Supplier Audits: All business partners involved in procurement signed a Supplier Declaration agreeing to comply with the EIZO Supplier Code of Conduct

Responsible Procurement
  • EIZO Supplier Code of Conduct
  • Green Procurement Standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Guidelines

Certifications: ISO 9001, ISO 13485 (medical equipment), ISO 14001

Third-party Assurance: Sustainability Accounting Co., Ltd.

Sustainable Products & Innovation

  • Products with EU energy labels and ENERGY STAR 7.0 certification

Reporting Period: 2018-04 to 2019-03

Environmental Metrics

Total Carbon Emissions:5654 t-CO2
Scope 1 Emissions:412 t-CO2
Scope 2 Emissions:5242 t-CO2
Scope 3 Emissions:9364 t-CO2
Total Energy Consumption:9575000 kWh
Water Consumption:24883 m3
Waste Generated:439 tons

ESG Focus Areas

  • Environmental Consideration
  • Social Responsibility
  • Governance

Environmental Achievements

  • Achieved compliance with TCO Certified Generation 8 and EPEAT Registry 2.0.
  • Reduced energy consumption and greenhouse gas emissions.

Social Achievements

  • Implemented Work Style Innovation program, reducing overtime work.
  • High retention rate of female employees returning from maternity leave.
  • Continued sponsorship and donations to local communities.

Governance Achievements

  • Improved management soundness and transparency.
  • Reinforced monitoring function and compliance awareness training.
  • Established an internal whistle-blowing system.

Climate Goals & Targets

Medium-term Goals:
  • Reduce CO2 emissions from business activities by 50% compared to 2017 levels by 2030.

Environmental Challenges

  • Supply chain risks related to human rights, labor practices, and environmental preservation.
  • Reducing environmental impact of business operations.
  • Maintaining a motivating workplace environment.
Mitigation Strategies
  • Supplier Code of Conduct agreement with all business partners.
  • Implementation of Environment and Energy Management System (ISO 14001 certified).
  • Work Style Innovation program to improve work-life balance and reduce overtime.

Supply Chain Management

Responsible Procurement
  • EIZO Supplier Code of Conduct
  • Supplier Declarations

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards 2016/2018

Certifications: ISO 9001, ISO 13485 (medical equipment), ISO 14001 (Environment and Energy Management System), JIS Q 15001 (Privacy Mark)

Sustainable Products & Innovation

  • Energy-saving monitors
  • Monitors with recycled materials

Reporting Period: 2019-04 to 2020-03

Environmental Metrics

Total Carbon Emissions:4910 t-CO2e/year
Scope 1 Emissions:333 t-CO2e/year
Scope 2 Emissions:4577 t-CO2e/year
Scope 3 Emissions:376365 t-CO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:108700 GJ/year
Water Consumption:27511 m3/year
Waste Generated:410.4 tons/year (industrial waste)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Obtained ENERGY STAR Ver. 8.0 certification
  • Increased the usage ratio of recycled plastics
  • Increased the usage ratio of recycled materials in packaging
  • Conducted a life cycle assessment of the FlexScan EV series
  • Obtained ISO 50001 environmental management system certification
  • Introduced renewable energy for part of the electricity needs of EIZO’s Hakui Factory
  • Reduced CO2 emissions by 50% compared to FY2017 levels by FY2030 (target)

Social Achievements

  • Obtained ISO 45001 certification for occupational health and safety management
  • Became a member of the Responsible Business Alliance (RBA)
  • Reduced total work hours by improving operational efficiency
  • Prepared an action plan (FY2019−FY2021) to promote the active participation of women
  • Prepared a plan (FY2020−FY2022) for nurturing the next generation of workers
  • Achieved the target rate for employment of persons with disabilities
  • Supported NHS Scrubs Production Services
  • Donation of Emergency Supplies to the German Red Cross
  • Donation of EIZO Designed Face Shields
  • Supported Manufacturing PPE Gowns

Governance Achievements

  • Implemented compliance training at all EIZO companies
  • Adopted the organizational design of a Company with Audit and Supervisory Committee
  • Established a Remuneration Advisory Committee

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce CO2 emissions by 50% compared to FY2017 levels by FY2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Ongoing decline of the euro
  • In the Amusement market, replacement demand for models that comply with new regulations fell short of expectations.
  • Spread of the novel coronavirus caused a dramatic change in the business environment.
Mitigation Strategies
  • Continue investing for growth
  • Meet replacement demand for models that comply with new regulations in the amusement market
  • Maximize synergies with Carina System Co., Ltd.
  • Pursue measures now to realize growth in the “post-COVID-19” future
  • Leverage the strength of our strong financial base and continue investing for future growth

Supply Chain Management

Supplier Audits: Annual assessments and factory audits as needed (EIZO Technologies GmbH)

Responsible Procurement
  • EIZO Green Procurement Standards
  • EIZO Supplier Principles of Conduct
  • Supplier Declarations
  • Responsible Minerals Policy
  • Annual onsite investigations to confirm responsible mineral procurement

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: International Integrated Reporting Council “International Integrated Reporting Framework”, Ministry of Economy, Trade and Industry (Japan) “Guidance for Integrated Corporate Disclosure and Company-Investor Dialogues for Collaborative Value Creation”, GRI Sustainability Reporting Standards 2016/2018, Ministry of the Environment (Japan) “Environmental Reporting Guidelines 2018”

Certifications: ISO 9001, ISO 13485, ISO 14001, ISO 45001, ISO 50001, ENERGY STAR 8.0, TCO Certified Generation 8

Third-party Assurance: Sustainability Accounting Co., Ltd.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • FlexScan EV series (recycled plastic)
  • DuraVision DX0211-IP (IP Decoding Box)
  • CuratOR MEC-7000-UHD/SC430-PTR (4K Surgical Field Camera System)

Awards & Recognition

  • Not disclosed

Reporting Period: 2020-04 to 2021-03

Environmental Metrics

Total Carbon Emissions:3,506 t-CO2e/year
Scope 1 Emissions:447 t-CO2e/year
Scope 2 Emissions:3,059 t-CO2e/year
Scope 3 Emissions:350,489 t-CO2e/year
Renewable Energy Share:50% (FY2021 target)
Total Energy Consumption:114,053 GJ/year
Water Consumption:27,982 m3/year
Waste Generated:493.1 tons/year (industrial) + 17.6 tons/year (general) + 575.5 tons/year (wastepaper)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Environmental Responsibility
  • Human Rights
  • Supply Chain Responsibility

Environmental Achievements

  • Reduced CO2 emissions by 50% compared to FY2017 (ahead of schedule)
  • Achieved 50% recycled plastic usage rate in products
  • Used molded pulp as cushioning material
  • Increased the rate of green electricity use at factories to 50% in Japan and 100% in Germany

Social Achievements

  • Certified as a 2021 Health & Productivity Management Outstanding Organization
  • Acquired ISO 45001 occupational health and safety management system
  • Implemented measures to achieve the Action Plan for Women’s Advancement
  • Increased the rate of male employees taking parental leave
  • Offered COVID-19 vaccinations at worksites

Governance Achievements

  • Established the Nomination and Remuneration Advisory Committee
  • Revised EIZO Group Principles of Conduct
  • Implemented a group-wide risk management system
  • Established an internal whistle-blowing system

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero CO2 emissions by FY2040
Medium-term Goals:
  • Reduce CO2 emissions by 70% compared to FY2017 levels by FY2030
  • Achieve 15% operating margin by FY2023
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain disruptions due to COVID-19 and component shortages
  • Postponement of capital investment in some markets due to COVID-19
  • Decreased sales in some markets due to COVID-19
  • Shrinking amusement market
Mitigation Strategies
  • Strategically accumulated physical inventory of components
  • Made design changes to overcome component shortages
  • Maintained stable supply thanks to in-house production
  • Continued investment in R&D and infrastructure
  • Flexible production system to respond to order changes
  • Developed alternative sourcing strategies

Supply Chain Management

Supplier Audits: Regular onsite audits

Responsible Procurement
  • EIZO Green Procurement Standards
  • EIZO Supplier Code of Conduct
  • Supplier Declarations
  • Prohibition of regulated minerals

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: International Integrated Reporting Council’s Framework, Ministry of Economy, Trade and Industry (Japan) Guidance, GRI Sustainability Reporting Standards 2016/2018, Ministry of the Environment (Japan) Environmental Reporting Guidelines 2018, TCFD Recommendations

Certifications: ISO 14001, ISO 50001, ISO 45001, JIS Q 15001 (Privacy Mark)

Third-party Assurance: Sustainability Accounting Co., Ltd.

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

EIZO's initiatives contribute to these goals through energy efficiency, sustainable product development, waste reduction, and climate change mitigation.

Sustainable Products & Innovation

  • FlexScan EV series monitors with energy-saving features
  • Monitors with recycled plastic components

Awards & Recognition

  • Academy Award for Scientific and Technical Achievement

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:4,176 tCO2e/year (Scope 1+2)
Scope 1 Emissions:782 tCO2e/year
Scope 2 Emissions:3,394 tCO2e/year
Scope 3 Emissions:411,207 tCO2e/year
Renewable Energy Share:39.4%
Total Energy Consumption:17,572 MWh/year
Water Consumption:32,602 m3/year
Waste Generated:612.8 tons/year (industrial waste)

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Supply Chain Management
  • Human Rights

Environmental Achievements

  • Reduced Scope 1+2 GHG emissions by 35.2% compared to FY2019
  • Reduced Scope 3 (Category 1 + Category 11) GHG emissions by 7.4% compared to FY2019
  • Achieved 39.4% renewable energy share
  • First in the world to comply with TCO Certified Generation 9
  • Received an "A-" rating in the CDP Climate Change Survey and selected as a Supplier Engagement Leader
  • Obtained SBT certification for GHG emission reduction targets

Social Achievements

  • Increased ratio of female managers to 11.8% (consolidated)
  • Increased ratio of women in leadership positions to 5.5%
  • Certified as a 2023 Health and Productivity Management Outstanding Organization
  • Achieved 100% maternity leave rate for women in Japan
  • Achieved 64% childcare leave rate for men in FY2022
  • Established EIZO Group Human Rights Policy
  • Established anti-bribery regulations

Governance Achievements

  • Increased board diversity with the appointment of a female and a non-Japanese director
  • Established the Sustainability Committee and Climate Change Response Subcommittee
  • Implemented a company-wide risk management system
  • Obtained ISO/IEC 27001:2013 certification for information security management system
  • Implemented a new shareholder return policy with a target of 70% total payout ratio
  • Eleventh consecutive year of dividend growth planned for FY2023

Climate Goals & Targets

Long-term Goals:
  • Net zero GHG emissions from all EIZO Group business sites by 2040
  • Net zero GHG emissions from the entire value chain by 2050
Medium-term Goals:
  • Achieve 46% renewable energy by 2030
  • Reduce absolute Scope 1 and 2 GHG emissions by 70% by FY2030
  • Reduce absolute Scope 3 GHG emissions by 27.5% by FY2030
  • Achieve 75% use of halogen-free materials by 2030
  • Achieve 70% or more recycled plastics by 2030
Short-term Goals:
  • Reduce water consumption
  • Reduce power consumption associated with products by 13.5% by FY2024, and by 30% by FY2030
  • Reduce emissions from transportation by 25% by FY2030
  • Achieve 70% recycled material usage rate by FY2030
  • Increase ratio of female managers to 5.0% (consolidated: 15.0%)
  • Reduce new graduate turnover rate to 5.0% or less

Environmental Challenges

  • Reduced sales and profits due to decreased replacement demand in the Amusement market
  • Supply chain disruptions due to global events
  • Climate change risks (physical and transition risks)
  • Maintaining a stable supply of products
  • Increasing awareness of the EIZO brand among the general public
Mitigation Strategies
  • Strategic business model evolution focusing on Healthcare, Creative Work, and V&S markets
  • Strengthening systems business model through EVS
  • Establishing local subsidiary companies for direct sales and support
  • Developing alternative sourcing strategies
  • Implementing a company-wide risk management system
  • Proactive investments in R&D, infrastructure, and HR
  • Implementing a Transition to Net Zero initiative
  • Strengthening stakeholder engagement

Supply Chain Management

Supplier Audits: Periodic onsite audits

Responsible Procurement
  • EIZO Supplier Code of Conduct
  • EIZO Green Procurement Standards
  • Responsible Minerals Initiative participation
  • Conflict-free mineral sourcing

Climate-Related Risks & Opportunities

Physical Risks
  • Logistical disruptions
  • Impacts on procurement costs
Transition Risks
  • Higher carbon tax burden
  • Higher procurement costs
  • Increased regulations
  • Rising energy costs
Opportunities
  • Increased demand for energy-efficient products
  • Expanded market due to emphasis on health and well-being
  • Growing demand for climate change-related products

Reporting Standards

Frameworks Used: Integrated Reporting Framework by the IFRS Foundation, GRI Sustainability Reporting Standards, TCFD recommendations, Ministry of Economy, Trade and Industry (Japan) Guidance for Integrated Corporate Disclosure

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO/IEC 27001, EPEAT Gold

Third-party Assurance: SOCOTEC Certification Japan

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)

EIZO's initiatives contribute to these goals through energy efficiency improvements, sustainable product development, supply chain sustainability, GHG emission reductions, and employee well-being programs.

Sustainable Products & Innovation

  • Products with power-saving features
  • Products using recycled plastics
  • Products with reduced plastic packaging

Awards & Recognition

  • SOMPO Sustainability Index inclusion (3 consecutive years)
  • CDP Supplier Engagement Leader