Epson Secures Place on Prestigious CDP A List for Tackling Climate Change and Protecting Water Security
- Company highly evaluated for environmental actions and transparency -
- TOKYO, Japan, December 9, 2020 -
Seiko Epson Corporation (TSE: 6724, "Epson") has been placed for the first time on the prestigious corporate sustainability A list by global environmental non-profit CDP for leadership in tackling climate change and protecting water security.
CDP is an organization that answers the demands of worldwide institutional investors and major purchasers by researching and evaluating corporations' environmental disclosures, and its annual environmental disclosure and scoring process is widely recognized as the global standard of corporate environmental transparency. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Epson fully understands the importance of the environmental actions and decision-making transparency demanded by CDP and is making continuous efforts to decrease the environmental burden in line with its long-term policy.
Epson is striving to achieve its Environmental Vision 2050. We will leverage our efficient, compact and precision technologies as we take aggressive measures to reduce the environmental impact of our products and business operations, and throughout our value chain. In October 2019, we indicated approval of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and believe this A list recognition is a result of closely following the CDP requirements for TCFD disclosures.
The CDP listing positions Epson as one of a small number of companies that achieved a double A, out of more than 5,800 businesses that were scored based on data submitted through CDP's questionnaires in 2020. As well as being an important statement to institutional investors conducting ESG investment decisions, Epson believes that this prestigious listing send a powerful message to customers looking for environmentally conscious products and services, to business partners and other stakeholders.
The full methodology and criteria for the A List is available on CDP's website at:
Epson's environmental initiatives
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.