Konica Minolta named industry group leader on the Dow Jones Sustainability World Index
Konica Minolta has been named as the industry group leader in the segment ‘technology hardware and equipment’ of the Dow Jones Sustainability World Index for 2017. This index is one of the most prestigious global indices for environmental, social and governance (ESG) investment – and it has included Konica Minolta for the sixth consecutive year in this selective ranking of sustainability-driven companies.
‘Competing globally for this leadership position against approximately 120 other highly active companies in our industry group, this result makes us particularly proud,’ said Olaf Lorenz, general manager international marketing division at Konica Minolta business solutions Europe. ‘It is a further acknowledgement of Konica Minolta as an outstanding global player in CSR and sustainability. Our self-conception is one of a company that is an integral value provider for its customers – and for society as a whole.’
To achieve this, Konica Minolta has defined six key action fields – called materiality – that it is focusing its efforts in corporate social responsibility (CSR) on: the environment, social innovation, customer satisfaction and product safety, a responsible supply chain, human capital and diversity.
When it comes to social innovation, Konica Minolta’s key target is to contribute to the improvement of the quality of human life through its corporate activities. An example for this is the launch of a new business in the area of precision medicine. As part of Konica Minolta’s healthcare business, it has promised to lead to a breakthrough in cancer treatment. Precision medicine enables medication to be tailored to the medical needs of each individual patient, thus reducing side effects and improving the quality of the patient’s life.
To become a driving force in the field of sustainability, the company has set highly ambitious emission targets for itself: by 2050, it strives to reduce CO2 emissions throughout the lifecycle of its products by 80 percent compared to the 2005 fiscal year level. And beyond reducing its own CO2 emissions, the company is also supporting its business partners and others to reduce their CO2 emissions with the expertise it has gained so far.
The detailed results of the Dow Jones Sustainability World Index assessment also reflect this effort: six out of 23 overall categories in the evaluation are dedicated to the environmental dimension. In all of these categories, Konica Minolta was able to achieve near-perfect scores. And the company has further improved its strong results compared to last year in 10 more categories, including 'customer relationship management,' 'supply chain management' and 'innovation management' in the economic dimension and 'labor practice indicators' and 'human capital development' in the social dimension. In nine categories, Konica Minolta reached the perfect score of 100 points and was named the leader of the industry group, technology hardware and dquipment, which includes around 120 companies.