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Canon: Annual GHG Emissions (2018 – 2021, Million Tonnes CO2 Equivalent)

  • In 2021, Canon’s total GHG emissions decreased by 1% on an annual basis
  • Canon’s Scope 3 emissions accounted for 87.0% of its total GHG emissions in 2021
  • Canon aims to achieve net zero CO2 emissions throughout the product life cycle by 2050

Global warming poses danger to life on earth, endangering fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.

The technology and communication industry accounts for approximately 2% to 3% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy consumption, product manufacture, and product use. Digital technology, according to the International Telecommunication Union, has the potential to reduce world carbon emissions by roughly 17%. Technology companies can help other industries improve their operational efficiency, cutting GHG emissions.

Canon Inc (Canon) is a manufacturer of office, imaging systems, medical systems, and industry products. It offers a wide range of products such as digital cameras, digital camcorders, digital cinema cameras, office copying machines, network cameras, and interchangeable lenses related to imaging systems. It also offers semiconductor lithography equipment, flat-panel-display (FPD) lithography equipment, vacuum thin-film deposition equipment, and organic LED (OLED) panel manufacturing equipment. In 2021, the technology company reported total GHG emissions of around 7.62 million tonnes CO2 equivalents (MtCO2eq), down 1% from 2020.

Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from sources that the firm owns or controls, such as fuel burnt by the company's vehicles. Indirect GHG emissions from the generation of purchased energy, such as the electricity needed to power the company's facilities, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, such as production of purchased goods and services, upstream transportation and distribution, and use of sold products.

Scope 3 emissions account for most of Canon’s overall GHG emissions, accounting for 87.0% of total GHG emissions (6.63 MtCO2eq) in 2021. In 2021, the company's Scope 1 emissions fell by 8%, but Scope 2 emissions have climbed by 7%.

Canon aims to achieve a 50% improvement in CO2 emissions by 2030 compared to 2008. The company also aims to achieve net-zero CO2 emissions throughout the product life cycle by 2050 in cooperation with society.

 

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