Epson on CDP A List for Tackling Climate Change and Protecting Water Security
- TOKYO, Japan, February 16, 2024 -
Seiko Epson Corporation (TSE: 6724, "Epson") has been named to the prestigious A List for both climate change and water security by international environmental non-profit CDP, which evaluates companies' environmental activities. Epson believes it was recognized for having analyzed risks and opportunities based on TCFD1 recommendations as well as for having driven steady progress in its initiatives, including implementing a program to transition to 100% renewable electricity at Epson Group sites around the globe2.
CDP evaluates companies' environmental activities on behalf of more than 740 institutional investors worldwide with a combined US$136 trillion in assets. The results of the questionnaires are also used to assess companies in terms of environmental performance for the world's leading socially responsible investment (SRI) indexes used by ESG investors.
Of the more than 23,000 companies that disclosed through CDP, less than 2% made the A list. Epson was one of a small number of companies to receive an A in two categories, an acknowledgment that Epson is a leader in sustainability. In addition to being an important statement to institutional investors making ESG investment decisions, Epson believes that this prestigious listing sends a powerful message to customers looking for products and services that reduce their environmental footprint, as well as to business partners and other stakeholders.
- 1 Task Force on Climate-related Financial Disclosures
- 2 Excludes some sales sites and leased properties where the amount of electricity consumed cannot be determined
Reference
Epson's environmental initiatives
corporate.epson/en/sustainability/
News release about the transition to 100% renewable electricity at all group sites worldwide
corporate.epson/en/news/2024/240109.html
About CDP
https://www.cdp.net/en
Information about the 2023 A List companies, evaluation methodology, and evaluation criteria
https://www.cdp.net/en/companies/companies-scores
About Epson
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.
corporate.epson/en/