Environmental Vision 2050
*1 Non-renewable resources such as oil and metals
*2 Target for reducing greenhouse gas emissions aligned with the criteria under the Science Based Targets initiative (SBTi)
In 2008, Epson established Environmental Vision 2050, a statement of our environmental goals out to the year 2050. The world has since changed. Global efforts to achieve social sustainability are accelerating, with the United Nations adopting Sustainable Development Goals (SDGs)*3 and the Paris Agreement*4 charting a course toward decarbonization. In light of these changes, Epson revised the environmental vision in 2018 and specified three actions that the company should take.
In March 2021, Epson further revised the vision, setting specific goals that reflect Epson's strong commitment to addressing major societal issues such as decarbonization and resource recycling.
*3 International goals for social sustainability adopted at the U.N. Sustainable Development Summit in September 2015, aimed at addressing global issues such as climate change, poverty, and human rights. There are 17 sustainable development goals with 169 targets.
*4 A legally binding international treaty on climate change. The aim of the agreement is to keep a rise in global average temperature to well below 2 degrees Celsius above pre-industrial levels.
Environmental Vision 2050 and Mid-Term Targets
Approach for Achieving Our Vision by 2050
Global action is needed to achieve social sustainability, as the contribution that any one company can make by reducing the environmental impacts of its business activities is limited. Environmental Vision 2050 articulates actions for creating synergies with business partners based on our technologies, products, and services and for allowing us to play a part in creating a better world.
To achieve Environmental Vision 2050, Epson sets mid-term milestone targets and has steadily been working to bridge the gap needed to reach them. The company's current mid-term milestone targets are for 2025 and were set by backcasting*5 from its 2050 goals. In March 2021, Epson announced a revised corporate vision, Epson 25 Renewed. Epson 25 Renewed describes the company’s aspirations for addressing societal issues and achieving sustainable and enriched communities by working with customers and partners. It also sets forth new mid-term targets. We will use our efficient, compact and precision technologies in tandem with various initiatives to improve the environmental performance of our products and to reduce environmental impacts of our business activities across the entire value chain. In addition, we aim to provide outstanding customer value in both economic and environmental aspects by offering products and services that enable our customers to create new business processes.
*5 A planning technique in which a desired outcome is first envisioned and then the scenario for achieving the outcome is devised.
Striving to Sustainability
Epson is declaring its intent to contribute to the achievement of the SDGs through its environmental and other CSR initiatives. The SDGs are the world's agenda for sustainable development. There are 17 goals, such as ending poverty and hunger, ensuring peace, justice, and gender equality, and environmental and resource sustainability for future generations. All UN member states have committed to achieving these goals by 2030.
Epson's Environmental Vision 2050 is aligned with the SDGs. We will continue to honestly address customer and societal challenges and will create unique environmental value through our business activities to help achieve the SDGs and a sustainable future.
Solving Social Issues Through Inkjet Technology
“We want to change the world with inkjet technology.”
Propelled by this aspiration, we are advancing Inkjet innovation to help achieve a better and more sustainable future.