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EcoVadis recognizes Canon for sustainability efforts

The award, which Canon has received for the second straight year, places the company within the top 1% of companies assessed globally.

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By: Greg Hrinya

Editor

Canon has been awarded the Platinum rating for the second consecutive year for its sustainability efforts by global sustainability ratings organization EcoVadis. The award places Canon within the top 1% of companies assessed globally.

EcoVadis assesses over 150,000 companies spanning 185 countries and 250 industries according to various criteria across the four themes of “Environment,” “Labor & Human Rights,” “Ethics” and “Sustainable Procurement.” As worldwide interest in corporate sustainability efforts increases, companies around the world now take into consideration the EcoVadis rating of potential clients and partners.

The Canon Group has made continued efforts toward sustainability. These efforts have led to high rankings in all four categories. Canon received particularly high marks in the categories of “Environment” and “Labor & Human Rights,” which helped it to obtain the Platinum rating for a second consecutive year.

Canon’s initiatives

Canon is working to strengthen initiatives related to environmental and societal issues in order to contribute to societal sustainability.

In the environmental field, Canon aims to achieve net-zero greenhouse gas (GHG) emissions throughout entire product life cycles (Scope 1, 2, and 3) by 2050. Canon has also set science-based GHG emissions reduction targets in line with SBTi standards: by 2030, a 42% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions (Category 1 and 11) compared to 2022 levels.

Furthermore, Canon respects the human rights of all stakeholders involved in its business activities, including employees and business partners. It has formulated the Canon Group Human Rights Policy as a declaration of its stance on human rights and implements human rights due diligence throughout the entire Group while carrying out activities to spread awareness among Group employees, both in Japan and overseas through such methods as e-learning.

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