Canon’s CO2 emission reduction targets have been externally validated by the Science Based Targets initiative (SBTi) as being in accordance with the 1.5 °C Paris Agreement.
- The Canon Group Science Based Targets have been verified by the SBTi. Specifically, these were the company’s 2030 targets of 42% absolute CO2 reduction for scope 1 and 2 and 25 % for scope 3 (Category 1 and 11) versus base year 2022.
- Canon will continue to reduce CO2emissions in line with Canon’s near-term environmental goals and SBTi standards, contributing to the decarbonisation of society as a whole.
Separately to the SBTi targets, Canon continues to reduce its product lifecycle CO2 emissions per product by 3% year on year. If sustained, this will equate to roughly a 50% reduction in emissions from 2008 levels by 2030. Currently, the company is on track to achieve this target, having recorded an average improvement of 4.1% between 2008 – 2022. The cumulative reduction since 2008 amounts to 43%.
In the longer term, Canon is committed to working towards a low carbon future and aims to be net zero by 2050.
