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