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
Registration as an SDG Partner in Nagano Prefecture
Nagano Prefecture, home to Seiko Epson's Head Office, has launched some of the most progressive SDG initiatives in Japan. One such initiative is an SDG partner registration system. The prefecture works with business groups, financial institutions, universities, and other supporting organizations in environmental, social, and economic areas to increase the value and competitiveness of local companies and to promote action against the SDGs among them. Seiko Epson has been working to contribute to the achievement of the SDGs since FY2017. And, together with the Nagano Prefecture government, which was selected as an "SDGs Future City," Seiko Epson has been actively promoting the SDGs in the region. For example, we have helped to raise awareness of the SDGs among small- and medium-sized businesses in Nagano Prefecture by presenting examples of actions we have been taking and demonstrating how these actions are tied to the SDGs. We presented examples as an observer at a Regional SDGs Consortium held jointly by Nagano Prefecture and the Kanto Bureau of Economy, Trade, and Industry. We also presented examples at the Nagano Prefecture SDGs Symposium in 2019. Moreover, at Seiko Epson's supplier SAQ training conference in Nagano in January 2020, we invited a guest speaker from the Nagano Prefecture Department of Industry and Labor to explain to our suppliers the prefecture's SDG partner registration system.
To synchronize our actions with those of the Nagano Prefecture government, we applied for registration as an SDG partner based on the actions we have taken to date to achieve the SDGs.
A company must meet two requirements for registration:
- It must submit a written declaration of commitment to achieving the SDGs.
- It must take specific actions to achieve the SDGs.
We met the first requirement by declaring management policies and actions to achieve the SDGs. We met the second requirement by submitting information about specific actions being taken in each of 42 items mapped to the 17 SDGs and 169 targets. Seiko Epson was registered as a Nagano Prefecture SDG partner in July 2020.
We will report our progress on the SDGs annually to the prefecture government and will contribute to the achievement of the SDGs throughout our supply chain.
Building Awareness In-house
Epson's Value Creation Story as Told Through the SDGs
In October 2019, Masayuki Kawana, Seiko Epson director and then-head of the CSR Management Office, explained Epson's value creation story at the Value Creation Fair, an annual event for sharing technical information within the Epson Group. He explained the value creation story from the perspective of contributions to the SDGs to give employees a clearer picture of both the story and the SDGs and to enable them to use that knowledge in the development of technology. Kawana gave examples of value that Epson is providing and how that value is tied to SDG targets. He then talked to employees about the importance of contributing to the SDGs both on the job and in their daily lives. The examples highlighted how important it is for product developers to consider how customers will actually use our products. Employees were also reminded that everyone enterprise-wide has a part to play in the effort to achieve the SDGs and we were shown a clear course for Epson to contribute to society through our business activities.
Learning Epson's Value Creation Story
As part of the second year of a program to instill awareness of the SDGs internally, Epson created an online course for personnel in the Epson Group in Japan. The course was designed to deepen understanding about how the SDGs are connected to every task they do. They learned in line with the value creation story how Epson is currently contributing and will continue to contribute in the future to the SDGs through the value (products and services) we provide. More than 92% of the approximately 20,000 people in our domestic operations have completed the course. Learners reported that the course gave them new insights because viewing their actions through the lens of the SDGs provides a new perspective. They are able to envision how their actions are tied to the goals and how the things they do affect society. The story showed them that Epson can lead by making products that benefit the world and continuing to work toward sustainability.
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.