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Olympus to Use 100% Renewable Electricity at R&D and Manufacturing Sites in Japan

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Olympus Corporation announced that it will exclusively source 100% of its electricity from renewable sources starting in April 2022.

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Olympus Group facilities will reduce CO2 emissions by around 40,000 tons annually. Olympus Group’s total electricity consumption in fiscal 2023 (ending March 223) will be approximately 70%, up from 14% in previous fiscal years.

Transition to Renewable Energy Usage in the Olympus Group (Facilities in Japan, Overseas).

FY2020 11.7%

FY2021 12.7%

FY2022 (estimate) 14% (approx.)

FY2023 (estimate) 70% (approx.)

*Excludes recently acquired companies, certain service office and certain sales offices.

Olympus set a goal to achieve net zero CO2 emissions by 2030 from its site operations as part of its commitment towards creating an environmentally responsible business environment and a sustainable society. This goal is in line with our ESG materiality goals, which are focused on the theme “carbon-neutral society and circular economy”.

A wide variety of initiatives have been taken by the company to reduce CO2 emissions. The company has already taken a number of initiatives to reduce CO2 emissions, including the use of 100% renewable energy in some European and American manufacturing sites, the installed solar power generation facilities in some Japanese manufacturing sites, and support for the Task Force on Climate-Related Financial Disclosures (TCFD).

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Olympus will continue optimizing manufacturing processes and promoting energy-saving measures to achieve its carbon-neutral goal. It is also committed to contributing to the decarbonization of society at a global level by accelerating the shift to renewable energy sources within the company.

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