Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved zero emissions at all domestic development, manufacturing, and distribution bases
• Reduced waste by 16% compared to FY2001
• Reduced CO2 emissions in Japan by 6.4% compared to FY2001
• Improved eco-efficiency (consolidated net sales / CO2 emissions) by 6% compared to the previous year
• Achieved a recycling rate of 94%

Social Achievements

• Launched numerous initiatives to increase public awareness and screening for colorectal cancer (Olympus America Inc.)
• Supported WWF Japan by publishing a nature photo calendar
• Provided financial and practical support for orphaned children suffering from AIDS in Uganda (KeyMed)
• Participated in the Day in The Life of Africa Project
• Held scientific seminars for children

Governance Achievements

• Implemented an in-house system to make management more efficient
• Modified the board of directors
• Acquired ISO 14001 certification to promote corporate environmental management
• Established Olympus Eco-product Standards

Climate Goals & Targets

Environmental Challenges

• Increased CO2 emissions due to business expansion
• Increased water consumption
• Soil contamination at the Okaya site
• Managing the use of numerous chemicals in production

Mitigation Strategies

• Implemented energy-saving programs and installed streamlined equipment
• Cleaned up soil contamination at the Okaya site
• Introduced waste liquid treatment equipment and reused distilled/discharged water
• Replaced hazardous substances with safer alternatives (lead-free solder, lead-free lenses, etc.)
• Implemented Green Procurement initiatives

Supply Chain Management

Responsible Procurement

• Green Procurement Standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001

Certifications: ISO 14001

Sustainable Products & Innovation

• SZX7/SZ61 stereo microscopes
• IPLEX MX industrial video scope
• OLYMPUS E-1 Digital SLR camera

Awards & Recognition

• Queen's Award for Enterprise in Sustainable Development (KeyMed)
• Clean Production Firm Award (Olympus Shenzhen)
• 20th Logistics Grand Prize (Olympus Logitex)
• Aizu-Wakamatsu-shi Environmental Grand Prix (Aizu Olympus)

Environmental Metrics

ESG Focus Areas

• Healthcare access and outcomes
• Compliance, product quality and safety
• Responsible supply chain
• Diversity and inclusion
• Carbon Neutral Society and Circular Economy Promotion

Environmental Achievements

• Reduced CO2 emissions by 25.4% compared to FY2018
• Improved energy consumption intensity by 12.3% compared to FY2013
• Improved water use intensity by 14.1% compared to FY2018
• Reduced CO2 emissions during transportation by 30.7% compared to FY2013
• Achieved 12.7% renewable energy rate

Social Achievements

• Launched various programs to promote diversity, equity, and inclusion (DEI)
• Increased percentage of female employees to 36.6%
• Exceeded the statutory employment rate of people with disabilities (2.6% vs 2.3%)
• Implemented various work-life integration initiatives
• Received Silver rating in PRIDE Index 2021 for LGBTQ inclusion

Governance Achievements

• Established an ESG Head to oversee ESG initiatives
• Linked 20% of executive officers' performance-based stock remuneration to external ESG evaluation results
• Admitted to the DJSI World for the first time and DJSI Asia Pacific for the third consecutive year
• Implemented a robust compliance program with no violations resulting in penalties

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to natural disasters
• Increased business costs due to carbon taxes and stricter CO2 emission regulations

Mitigation Strategies

• Developed business continuity plans for each site
• Implemented measures to improve energy efficiency, increase renewable energy use, and diversify suppliers
• Developed environmentally conscious products

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Olympus Group Green Procurement Standards
• Request to Suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (typhoons, floods)

Transition Risks

• Carbon taxes, stricter CO2 emission regulations

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Lloyd's Register Quality Assurance Limited (LRQA)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Olympus Eco-Products

Awards & Recognition

• White 500 (health and productivity management)
• Commitment-to-Compliance Award (Olympus Surgical Technologies America)

Environmental Metrics

ESG Focus Areas

• Environment
• Society
• Governance

Environmental Achievements

• Reduced greenhouse gas emissions by 45.7% compared to FY2020
• Achieved 71.9% renewable energy rate
• Improved emissions volume intensity by 0.8%
• Improved water use intensity by 8.6%
• Set a 2040 net zero target (Scope 1, 2, and 3)

Social Achievements

• Provided 1,930 training sessions for healthcare professionals (+50% YoY)
• Over 390 unique organizations received Olympus Grants in FY2023 totaling approximately US$5.7 million
• Reduced smoking rate by 15.9% by the end of March 2023
• Improved employee engagement scores

Governance Achievements

• Established an ESG Committee
• Linked 20% of executive officers' performance-based stock remuneration to external ESG evaluation results
• Integrated Risk & Controls, Compliance, Privacy, and Information Security functions into a unified Governance, Risk & Compliance (GRC) Function

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to natural disasters
• Increase in business costs due to carbon taxes and stricter regulations
• Maintaining high compliance standards across global operations

Mitigation Strategies

• Developed business continuity plans for each site
• Implemented energy-saving measures and wider use of renewable energy
• Enhanced compliance education programming and established a global reporting system (Integrity Line)

Supply Chain Management

Supplier Audits: Annual web-based survey of major suppliers

Responsible Procurement

• Olympus Group Green Procurement Standards
• Expectations of Suppliers
• Global Supplier Code of Conduct (planned)

Climate-Related Risks & Opportunities

Physical Risks

• Suspension of factory operations or breakdown of the supply chain due to natural disasters

Transition Risks

• Increase in procurement and operating costs due to carbon tax and stronger regulations

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, UN Global Compact, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: SOCOTEC Certification JAPAN

UN Sustainable Development Goals

• Goal 3: Good health and well-being

Olympus's medical business contributes significantly to Goal 3 through early diagnosis and minimally invasive treatments

Sustainable Products & Innovation

• Olympus Eco-Products

Awards & Recognition

• CDP 2022 Supplier Engagement Leader
• White 500 (7 consecutive years)
• Platinum Kurumin certification
• Eruboshi certification
• Silver certification in the PRIDE Index 2022

Environmental Metrics

ESG Focus Areas

• Healthcare Access and Outcome
• Compliance, Product Quality and Safety
• Responsible Supply Chain
• Healthy Organization
• Carbon Neutral Society and Circular Economy
• Corporate Governance

Environmental Achievements

• Reduced greenhouse gas emissions by 51% compared to FY2020
• Achieved a 78% renewable energy rate

Social Achievements

• 20 colorectal cancer related training programs in target emerging countries
• 58 colorectal cancer related online/hybrid training programs globally
• 25.4% of management positions held by women globally
• 88% of eligible male employees in Japan taking parental leave

Governance Achievements

• Established a new sustainability governance system with an ESG Committee
• Implemented a global performance management system (MyPerformance)

Climate Goals & Targets

Environmental Challenges

• Pending commitments to the FDA
• Supply chain disruptions due to natural disasters
• Anti-corruption campaigns in China
• Shortage of endoscopists in emerging markets

Mitigation Strategies

• Launched the Elevate program for quality transformation
• Developed alternative sourcing strategies
• Strengthened QARA capabilities
• Increased investment in clinician education and training

Supply Chain Management

Supplier Audits: Approximately 1100 suppliers globally assessed for BCP and ESG

Responsible Procurement

• Olympus Global Third Party Code
• Olympus Group Green Procurement Standards

Climate-Related Risks & Opportunities

Physical Risks

• Suspension of factory operations due to natural disasters
• Supply chain disruptions

Transition Risks

• Increased business costs due to carbon taxes and regulations

Opportunities

• Cost reductions from higher energy efficiency
• Improved market competitiveness due to development of environmentally conscious products

Reporting Standards

Frameworks Used: IIRC, SASB

Certifications: ISO 14001

UN Sustainable Development Goals

• Goal 3: Good health and well-being

Olympus contributes to Goal 3 through its medical devices and training programs.

Sustainable Products & Innovation

• EVIS X1 endoscopy system
• Single-use endoscopes

Awards & Recognition

• CDP 2021 & 2022 Supplier Engagement Leader
• White 500 (8 consecutive years)

Environmental Metrics

ESG Focus Areas

• Healthcare Access and Outcome
• Healthy Organization
• Compliance, Product Quality and Safety
• Carbon Neutral Society and Circular Economy
• Responsible Supply Chain
• Corporate Governance

Environmental Achievements

• GHG emissions (Scope 1 and 2): 42,380 t-CO2e (Decrease of 51% compared to FY2020)
• GHG emissions (Scope 1, 2 and 3): 830,202 t-CO2e (Increase of 18% compared to FY2020)

Social Achievements

• Globally expanded supplier visibility, collaborating with a leading risk solution provider to implement real-time monitoring and multi-tier risk identification across its supplier network.
• Conducted Enterprise Risk Management based on “Olympus Group Risk Management and Crisis Response Policy” and relevant internal rules.
• 58 programs and 20 programs in target countries (Indonesia, Philippines, Brazil, Mexico) related to CRC training

Governance Achievements

• Timely ESG disclosures according to SASB Standards

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Standards

UN Sustainable Development Goals

• Goal 3

Olympus contributes to SDG 3, Good Health and Well-being, through its medical device business.