The report outlines Epson’s work and progress toward sustainable transformation through technological innovation. “Above all, our main goal is to provide the best sustainable technology to our customers,” said Yoshiro Nagafusa, Epson President and CEO, EMEAR.
Epson recently made significant progress towards fully sustainable operations with the publication of its 2021 European Sustainability Report, titled The Green Option. In addition to Epson’s investment in its own transformation, the report describes innovations – such as heat-free technologies – that will help each customer achieve a sustainable future.
Sustainability – ambitions and investments
Yoshiro Nagafusa, President and CEO of Epson at EMEAR said: “With the COP26 world readjusted, Epson continues its ambitious commitments, investments, and sustainability goals. Our low-carbon technologies are less wasteful and free of heat, so they will empower our customers as we all strive to fulfill the promise of a sustainable society.”
Epson plans to invest 100 billion yen (about 770 million euros) in its sustainable transformation over the next decade. This means investing in decarbonization and a closed loop of internal resources, which is the largest use of resources in a company. Externally, Epson’s innovation will reduce the customer’s environmental impact, and the company will develop new products that are sustainable in their own right.
To achieve its goals and improve global competitiveness, Epson is rethinking the primary ways it generates ideas and brings them to market, so it has created new funds for innovation and venture capital.
Sustainability – commitments
In 2021, Epson committed to achieving the following goals by or before established deadlines:
2023 – Reducing emissions to achieve the 1.5 degree global warming target
2023 – Achieving 100% of the use of renewable energy in all activities of the group
2025 – Target to reduce direct (19%) and indirect (44%) emissions
2030 – Meet the UN Sustainable Development Goals – Add Goals 1, 2 and 16 to your commitments for 2021 to ensure that all 17 UN Sustainable Development Goals are met
2050 – Operate without carbon and without using underground resources (such as oil and minerals).
Sustainability – Innovation
Today’s Sustainability Report details Epson’s innovations in sustainable and customer-focused development. For example, heat-free printers can reduce energy consumption and carbon dioxide emissions2 up to 83%. Pan-European adoption of these technologies will reduce energy consumption by 1 billion kWh per year and reduce emissions by 410,000 tons of carbon dioxide.2. Epson’s heat-free technologies have inspired a partnership with National Geographic and their work to reverse thawing permafrost and the consequent increase in methane emissions.
Epson EcoTank printers also benefit throughout the value chain and eliminate the need for ink cartridges. To date, EcoTank printers have removed 1.6 million tons of plastic-based spent waste from the environment. Additional benefits can be seen in Epson’s development of new textile printing technologies that can reduce water consumption by up to 90% and energy consumption by 30%. Epson is also helping customers bridge the resource loop with its PaperLab recycling solution. This is the world’s first dry-fiber process for recycling office paper – to drastically reduce water consumption and the need for transportation to paper recycling centres.
Sustainability – Control
Epson’s Sustainability Report also details the company’s commitment to independent, robust, and internationally respected oversight. In 2021, Epson received its second consecutive platinum rating in the form of EcoVadis, one of the world’s most trusted business sustainability assessment platforms. The Platinum category ranks Epson among the top 1 for sustainable performance in the computer and peripherals industry.
Epson’s platinum rating recognizes global corporate social responsibility (CSR) initiatives. In the four areas assessed by EcoVadis, Epson received the highest rating of “Outstanding” for the environment, as well as high scores for sustainable procurement, labor, human rights and ethics.
Platinum status in Alliance for Responsible Business (RBA) is the world’s largest industry alliance dedicated to corporate social responsibility in global supply chains. Only companies that meet the highest standards of social responsibility receive platinum status. Epson has undergone a comprehensive review and has proven to be a company committed to achieving purposeful sustainability and the well-being of its employees.
Over the past year, Epson has achieved the following:
• Top Companies Ranking by CDP Non-Profit Platform – For the second year in a row, it has been selected as a leader in the global supply chain.
• Joining the RE100 initiative with a commitment to using 100% renewable electricity.
• Operating in accordance with ISO 9001 and 14001 standards.
• Inclusion in the FTSE4Good Index Series for the eighteenth consecutive year.
Henning Ohlsson, Director of Sustainability, Epson Europe, said: “The Epson Sustainability Report is much more than an overview of this year’s strategy and progress. This is a commitment that commits our company to our role as an indispensable partner – and to the development of innovative technologies that are sustainable as they are used in the real world, And not just when we produce it. Only if we look at the bigger picture and work together – with scientists, partners and clients – can we all move toward a truly sustainable future.”
The full report is available at https://www.epson.eu/greenreport.