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 and 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.
Epson is creating new value by looking hard at solutions to social issues, understanding the expectations that society has of us, and then providing products and services that far exceed those expectations. We at Epson are committed to the development of sustainable societies through the four areas of innovation identified in the Epson 25 Corporate Vision.
Communication with Outside Experts
Epson conducts dialogue and communicates with outside experts continuously to contribute to SDGs.
Participation in the Nagano Prefecture SDGs Symposium
The Nagano Prefecture SDGs Symposium was held at the Hokuto Culture Hall in Nagano City on April 26, 2019. The symposium was organized by Nagano Prefecture and interested groups, including the Nagano Promotion Council for the G20 Ministerial Meeting. The symposium, which was designed to promote broader action on the Sustainable Development Goals (SDGs) by companies in the prefecture, included an announcement about the creation of an SDG partner registration system in Nagano Prefecture, the unveiling of a logo mark, a keynote address by an academic expert, and stakeholder case studies.
Seiko Epson, representing companies in the prefecture, presented specific examples of actions it is taking to achieve the SDGs it is targeting. The presentation was followed by questions and comments from the audience. Seiko Epson also attended the FY2018 Nagano Prefecture Regional SDGs Consortium as an observer and engaged in discussions with prefecture government officials and other companies regarding the SDG partner registration system in Nagano Prefecture. Moving forward, we will contribute to community-building SDGs in cooperation with government and private industry.
ESG/SDG Forum (Sasaya Juku)
In February 2019, an ESG/SDG Forum (Sasaya Juku) organized by the Business Research Institute was held at Seiko Epson’s Shinjuku Office. The forum provides a platform for increasing corporate value by learning from the most recent social movements and from corporate case studies about environmental, social, and corporate governance (ESG) investment, a topic that is gaining widespread interest, and about the SDGs, which are the universal language of sustainability.
Following a lecture session, forum participants toured Seiko Epson’s showroom to see a PaperLab A-8000 dry process office papermaking system and an LX-10000F high-speed linehead inkjet multifunction printer. Afterwards, they joined in a discussion about contributing to solutions to social problems through business, using Seiko Epson’s activities as an example.
Seiko Epson will use feedback from the forum to help shape its future activities.
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 President Minoru Usui
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.