Climate change, water scarcity and deforestation are unparalleled global challenges that require a systemic change in market behavior. To achieve this, CDP, formerly the Carbon Disclosure Project, runs the global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts.
Sony recently announced that it has been included in the CDP’s Water A List*1 (in CDP’s 2016 Annual Report of Corporate Water Disclosure) and thereby recognized as one of the highest performing companies in terms of water management.
CDP’s 2016 Annual Report of Corporate Water Disclosure (a.k.a. CDP Global Water Report 2016) reveals:
- Water risks are rapidly materializing for business;
- Year-on-year trends show that companies are not moving fast enough to address the sustainable management of water;
- A pivot towards water stewardship is underway;
- This year’s Water A List includes 24 companies. This is 16 more than last year; and
- Water-related impacts cost business US$14 billion, a five-fold increase from last year.
GHG (Greenhouse Gas)
A new international regime to cut carbon creates more demand and pressure to improve water management: The Paris deal is now international law, meaning the nearly 200 countries that submitted climate plans are now mandated to deliver emissions reductions. CDP’s data shows that this will necessitate better management of water: 24% of GHG emissions reduction activities reported by business depend on a stable supply of good quality water. Encouragingly, however, over half of companies (53%) report that better water management is delivering GHG reductions, showing that water can potentially make – or break – the low-carbon transition.
Thirsty business: Why water is vital to climate action
2016 Annual Report of Corporate Water Disclosure
Written on behalf of 643 investors with US$67 trillion in assets
Sony Recognized as a Leader in Water Resource Management in the CDP Global Water Report 2016
December 05, 2016
Tokyo, Japan – Sony Corporation (“Sony”) has been included in the CDP’s Water A List*1 and thereby recognized as one of the highest performing companies in terms of water management.
The CDP is a not-for-profit organization (NPO) founded in the UK in 2000. Backed by investors from around the globe, it conducts surveys on water resource management at private companies, then analyzes and releases the findings of these surveys to the public. This year, the CDP surveyed over 1,200 companies globally – including 150 leading companies in Japan – on behalf of 643 institutional investors representing more than 67 trillion U.S. dollars in managed assets.
Sony’s inclusion in the A List for water resource management is a recognition of the company’s efforts including reduction of water consumption at its operating sites and recharge groundwater used during the semiconductor production process at its Kumamoto Technology Center. Sony is one of 24 companies worldwide to be conferred with the highest performance rank of “A” in 2016. In addition to this honor, as announced on October 25, Sony has also been included in the CDP’s A List for climate change response, in recognition of the company’s progressive efforts to reduce the energy consumption of its products, curb greenhouse gas emissions at its operating sites, and accelerate the use of renewable energy. This marks the second consecutive year that Sony has been selected to the A List for climate change response.
Since the early 1990s, the Sony Group has been advancing various initiatives in accordance with its environmental strategy and action plan, and it has adopted a “Road to Zero” long-term environmental plan that plots a course to a zero environmental footprint for the company’s operations and across the lifecycle of its products, by 2050. Moving toward this vision for the future, Sony set about pursuing its new “Green Management 2020” environmental mid-term targets from fiscal 2016, which it aims to achieve by the end of fiscal 2020. These targets include reducing absolute water consumption by 5%*2 and enhancing engagement across its entire value chain such as by urging major manufacturing partners to monitor water usage and reduce water use intensity by 1% per year.
Through these and other measures, Sony will continue striving to bring forth environmentally conscious products and services and to minimize its environmental footprint, toward the achievement of its “Green Management 2020” targets and ultimately an environmental footprint of zero.
*1: The rating system is a 4-rank scale (A, A-, B, B-, C, C-, D, D-). The A List is made up of the companies awarded the highest performance rank of “A.”
*2: Compared to fiscal 2015 levels.
The following video presents Sony’s Global Environmental Plan “Road to Zero” animation:
“Road to Zero is Sony’s Environmental Plan, striving to achieve a zero environmental footprint throughout the life cycle and business activities by 2050.