Konica Minolta Inc

Furthermore, at Konica Minolta, the president has the ultimate responsibility for and authority over climate change issues and is responsible for the effectiveness of environmental management, including climate change. The officers assigned by the president (Group environmental officers) pursue environmental management including climate change, and prepare medium-term plans, while the progress of these activities is routinely reported to the Executive Committee and the Board of Directors where they are discussed as management issues. In addition, the Group's environmental officers report every month to the president, chairman of the Board of Directors and the Audit Committee established by the Board of Directors on issues including progress made with environmental management and climate change issues. The Audit Committee routinely monitors and reviews the status of the overall implementation of environmental management led by the president. In fiscal 2021, at the Board of Directors meeting held in May, we reported on the goals and priority activities of "Addressing Climate Change," one of the five material issues, as part of our medium-term sustainability management initiatives. In addition, at the Audit Committee meeting held in December, we reported on the sustainability management structure and control process including "Addressing Climate Change."

In participating in each initiative, Konica Minolta's Group Environmental Officer, appointed by the President, determines whether the initiative is consistent with the environmental policy and climate change initiatives, and whether it aligns with the Paris Agreement, reporting to the President. [...] Konica Minolta actively participates in industry associations and initiatives aligned with the Company's commitment to realizing the goals of the Paris Agreement and addressing climate change. The activities of these industry associations and initiatives, along with Konica Minolta's stance on climate change, are regularly reviewed to ensure alignment and coherence. Any significant discrepancies between these activities and Konica Minolta's approach are carefully assessed for consistency and compliance. If measures are found inadequate or substantial inconsistencies arise, Konica Minolta will consider withdrawing from the relevant organization or initiative.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our policy of creating a low-carbon society by leveraging Konica Minolta's proprietary imaging IoT, AI, and innovation technologies is consistent with the direction of Nippon Keidanren and other organizations in promoting technology.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Konica Minolta has participated as an early-member of Japan Climate Initiative since its establishment. When JCI announces its message of recommendation, it obtains draft drafts from JCI every time and announces its approval through a process whereby the head of the division confirms that the proposal is in line with our Climate Transition Program and conducts approval procedures.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes