Epson's CSR and SDGs
Relation to SDGs
Epson's Initiatives and Their Relationship to Our SDGs
As stated in its Management Philosophy, Epson seeks to become an indispensable company, an ambition that Epson considers to be consistent with the realization of the sustainable development goals (SDGs) of the United Nations.
In 2017, as part of this effort, Epson created "Key CSR Themes," a materiality matrix that identifies important initiatives for addressing social issues. Epson examined the relationship between its initiatives and the 169 targets of the 17 SDGs to identify the SDGs that intersect with Epson's initiatives.
Epson confirmed that its initiatives support the achievement of the 14 SDGs below. (Please note that this matrix was mapped out in June 2019 and is subject to change depending on future business developments.)
Commitment to the SDGs
Epson is using its original efficient, compact, and precision technologies along with open innovation initiatives as vehicles to drive innovations that will enrich the world and make it a better place. Our goals are the same as those of the sustainable development goals (SDGs) adopted by the United Nations.
To realize a better world for future generations, Epson will contribute to the achievement of the SDGs by looking hard at solutions to social issues, trying new ideas and methods to create new value, and providing surprise and delight that exceeds customer expectations.
President and CEO
Seiko Epson Corporation
Building Awareness In-house
Lecture on SDGs
In November 2018, Seiko Epson hosted a lecture on the Sustainable Development Goals (SDGs) for directors, executive managers, and middle managers. Hidemitsu Sasaya, then of Ito En, Ltd., was invited to speak on the topic of using SDGs and creating value in the age of ESG. He addressed the question of why companies are now being asked to work toward SDGs and spoke about the expectations for enterprise.
Message from Mr. Sasaya to Epson
The SDGs provide a blueprint for creating a sustainable society that will benefit the world, people, and individuals across generations. Epson’s Management Philosophy implies that the company’s business activities should benefit Epson, its customers, and society as a whole. Japanese companies should more actively communicate how their business activities are benefiting society, their customers, and themselves and, as a consequence, contributing to the fulfillment of SDGs.
They should assess each of the 17 SDGs in terms of both risks and opportunities. Epson’s PaperLab is achieving many of these goals, among them Goals 6 (water), 7 (energy), 12 (recycling), and 15 (forests). The SDGs provide a common language for reporting on efforts to solve societal problems by stakeholders (e.g., countries, enterprises, associations, and individuals). I would like Epson to help solve these problems and increase corporate value by, first of all, creating a platform for cooperation in SDGs and forging win-win relationships.
Comments from Seiko Epson Chairman Minoru Usui (then president)
Epson is contributing to society and moving to create a better world by executing the strategies outlined in the Epson 25 Corporate Vision. I am confident that Epson’s initiatives and goals are squarely aligned with the global trend toward achieving both social value and economic value and of trying to create a better world over generations.
Epson’s actions to drive innovations in inkjet, visual, wearable, and robotics products can genuinely contribute to the SDGs, and we are committed to doing so quickly and as a team.
Introductory Online Course on the SDGs
Starting from October 2018, Epson Group employees in Japan were asked to take an online course on the SDGs to deepen their understanding of the topic and to ensure that we contribute to the SDGs through our business activities.
They learned that the SDGs are a blueprint for achieving a better and more sustainable world for all, and they deepened their understanding of each of the 17 goals, which were explained one by one, to understand why the SDGs are now necessary. The course was completed by over 90% of the approximately 16,000 employees in Japan. Course-takers commented that the course made them want to consider specific actions they can take on the job to achieve the SDGs, address the challenges as a personal matter, and think about how they can help make the world a better place.
Reading Through the 2018 Integrated Report
Seiko Epson issued “Epson Integrated Report 2018” in September 2018. The Integrated Report, which covers both financial and non-financial information, is an effective tool not only for external reporting but for informing our own employees about Epson’s initiatives.
To deepen employee understanding about the relationship between the SDGs and Epson’s value creation strategies and platforms, employees in Japan were asked to read through Integrated Report 2018 in groups. A total of 8,353 people in 513 groups participated. They gained insights into company policies, the work being done in other divisions and departments, and the relationship between their own jobs and the SDGs. It impressed upon them the necessity of understanding the needs of customers and society and motivated them to try to achieve challenging objectives that only Epson is in a position to achieve.
What are Sustainable Development Goals?
"Transforming our world: the 2030 Agenda for Sustainable Development" was adopted in 2015 at the UN Sustainable Development Summit, which was attended by more than 150 world leaders.
This agenda is a plan of action for people, planet, and prosperity that includes a declaration and a set of 17 goals and 169 targets for sustainable development.