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
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
- 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
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
- 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
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
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
- Maintain industrial waste generation below 255 t and purchase of copier paper below 5.9 t
- 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
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
- Not disclosed
- Not disclosed
- 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
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
- 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
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
- Not disclosed
- Maintain and improve a safe, healthy and vibrant work environment
- 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
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
- Not disclosed
- Achieve 5% ratio of female managers in the EIZO Group in Japan during fiscal 2019
- 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
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
- 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
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
- Not disclosed
- Reduce CO2 emissions by 50% compared to FY2017 levels by FY2030
- 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
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
- Achieve net zero CO2 emissions by FY2040
- Reduce CO2 emissions by 70% compared to FY2017 levels by FY2030
- Achieve 15% operating margin by FY2023
- 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
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
- Net zero GHG emissions from all EIZO Group business sites by 2040
- Net zero GHG emissions from the entire value chain by 2050
- 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
- 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