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November 04, 2015

Sony Recognized as a Leader in Combating Climate Change in the CDP Japan 500 Climate Change Report

Ranked first among Japanese companies in performance and information disclosure


Tokyo, Japan - Sony Corporation ("Sony") has been recognized for its carbon reduction activities by the CDP (formerly the "Carbon Disclosure Project") in the Japan 500 Climate Change Report 2015. Sony was listed in both the CDP's "Climate A List"*1, which assesses performance relating to climate change mitigation strategies and measures, and its Climate Disclosure Leadership Index ("CDLI"*2), which rates transparent information disclosure. Sony's inclusion in the A List is recognition of the company's efforts to reduce the energy consumption of its products, curb greenhouse gas emissions at its operating sites, and accelerate the use of renewable energy.

Since its inception in the UK in 2000, the CDP has - supported by global institutional investors - conducted surveys analyzing climate change strategies at leading global companies. This year, the CDP surveyed over 5,000 companies globally - including 500 leading companies in Japan - on behalf of 822 institutional investors representing more than 95 trillion dollars in managed assets. The survey was based on a questionnaire spanning three sections: "Management," which covers governance and emissions reduction goals, "Risks & Opportunities," and "Emissions."

In this year's report, Sony was awarded the CDP's highest performance band of "A" for its actions to reduce emissions and mitigate climate change, and a perfect disclosure score of 100 in the CDLI, making it a standout performer in both indices. It is the second time that Sony has received an "A" performance band and the third time it has been included in the CDLI. Sony's high marks are a direct result of the company's wide-ranging efforts to mitigate climate change, starting with Sony's longstanding dedication to making both its products and its operations - spanning everything from manufacturing to distribution to office buildings - increasingly energy efficient. Added to this is Sony's comprehensive disclosure of a range of information, including its strategies for reducing greenhouse gas emissions, progress of reductions, and emission levels at every stage of its value chain.

This past June, Sony announced its new "Green Management 2020" group environmental mid-term targets that will take effect from fiscal 2016 through 2020, the next step in the company's "Road to Zero" environmental plan that plots a course forward toward a zero environmental footprint by 2050. These targets place a particular emphasis on reducing the average annual energy consumption of Sony's electronics products by 30%*3, reducing greenhouse gas emissions across all of its operating sites by 5%*4, leveraging the influence of its entertainment assets, and enhancing engagement across its entire value chain including manufacturing partners and component suppliers. Through these and other measures, Sony will accelerate its efforts to bring forth environmentally conscious products and services in an environmentally conscious way, and to minimize its environmental footprint toward the ultimate goal of "zero."
*1: Made up of the companies awarded the highest performance rank of "A," on a 6-rank "A" to "E" scale.
*2: Made up of the companies awarded a disclosure score in the top 10% of those that responded to the survey.
*3: Compared to fiscal 2013 levels.
*4: Compared to fiscal 2015 levels.
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