Global provider of medical, life science and industrial equipment solutions Olympus Society announces that from April 2022, the group has started to source 100% of the electricity for its R&D and manufacturing sites in Japan from renewable sources.
By doing so, Olympus will reduce CO2 emissions from its facilities in Japan by approximately 40,000 tons per year. The percentage of total group electricity consumption (excluding recently acquired companies and certain service and sales offices) in fiscal year 2023 (ending March 2023) coming from renewables is expected to increase considerably, from 14% in the previous year to approximately 70%.
In 2021, Olympus set a goal of achieving carbon neutrality by 2030 as part of its commitment to achieve environmentally responsible business growth and create a sustainable society. This is a crucial objective in line with the group’s ESG (environment, social and corporate governance) materiality objectives focused on the theme of a “carbon neutral society and circular economy”.
In addition to this plan in Japan, Olympus has already implemented extensive initiatives to reduce CO2 emissions. These include using 100% renewable energy at select manufacturing sites in Europe and the United States, installing solar power generation facilities at select manufacturing sites in Japan, and supporting recommendations formulated by the Task Force on Climate-related Financial Disclosures (TCFD).
According to management, to achieve its goal of carbon neutrality, Olympus will also continue to optimize manufacturing processes and promote energy-saving measures, committing to further accelerate the shift to renewable energy sources in the industry. whole group.