Epson's Net-Zero Target Approved by the Science Based Targets initiative
Announcement posted by Epson Australia 26 Aug 2025
Epson has announced the approval of the net-zero target and milestone targets it has set based on the Net-Zero Standard of the Science Based Targets initiative (SBTi)1.
Epson is seeking to decarbonise and has set strategic targets for the reduction of greenhouse gas (GHG) emissions. The SBTi has validated them as being science-based and aligned with the 1.5℃ goal of the Paris Agreement.
Climate change and global warming are serious issues for society and Epson is helping to work toward a solution.
The company has articulated its long-term goals in "Environmental Vision 2050" and is actively working to reduce the environmental footprint of its products and business activities across the value chain by drawing on the strength of its efficient, compact and precise technologies.
Epson first received approval for its targets in 2018. These targets were subsequently raised to align with the 1.5℃ goal. Epson achieved the elevated targets ahead of schedule by transitioning to 100% renewable electricity worldwide.
As a result, Epson needed to revise its next set of strategic targets. The public is demanding an absolute reduction in GHG emissions (total volume reduction), and Epson needed to enhance consistency with the total reduction targets already set forth in their environmental vision.
Thus, Epson submitted the following updated targets to the SBTi. The SBTi reviewed and approved the targets, which are part of a broader strategic plan by Epson to tackle climate change long term.
Approved Targets
(All reductions are compared to the baseline year of fiscal 2017 [ended March 2018])
Near-term targets
• Reduce total scope 1 + 2 + 3 emissions2 by 55% by 2030.
• Reduce total scope 1 + 2 emissions2 by 90% by 2030.
Long-term targets
• Reduce total scope 1 + 2 + 3 emissions2 by 90% by 2050.
• Achieve net-zero in 2050.
The 2050 net-zero target is based on the SBTi Net-Zero Standard. Directly reducing all scope 1, 2, and 3 GHG emissions compared to the baseline year is the priority. Neutralisation of all residual emissions that cannot be eliminated will be achieved through permanent carbon removal or storage.
Reducing GHG emissions across the value chain, which accounts for 90% or more of Epson's total emissions, requires close collaboration with suppliers. To reduce the environmental impact of purchased goods and services (scope 3, category 1), Epson launched a supplier engagement program called the "Epson Green Supply Chain."
Under this program, Epson has moved to increase the accuracy of primary GHG emissions data collected from suppliers by introducing a visualisation solution.
Epson have also begun exploring a framework under which they and their main suppliers jointly procure renewable electricity.
Meanwhile, Epson is also developing CO2 absorption technology as a key project in its environmental technology development.
Beyond achieving their science-based targets, Epson aim to contribute to the decarbonisation of society by pursuing their additional goal of becoming carbon negative.
For more on SBTi go to: https://sciencebasedtargets.org
For more on Epson's Environmental Activities go to: https://corporate.epson/en/sustainability
1SBTi is an international coalition focused on environmental action. It supports companies, financial institutions, and other organisations in setting science-based targets (SBTs) for reducing greenhouse gas emissions, with the goal of achieving net-zero emissions by no later than 2050. This initiative is partnered with CDP, the United Nations Global Compact (UNGC), the We Mean Business Coalition, the World Resources Institute (WRI), and the Worldwide Fund for Nature (WWF)
2The GHG Protocol (internationally recognised standards for calculating and reporting greenhouse gas emissions) defines three scopes for accounting for greenhouse gas emissions:
Scope 1: Direct emissions from sources that are owned or controlled by the organisation
Scope 2: Indirect emissions from the consumption of purchased sources of energy
Scope 3: Emissions from an organisation's value chain
Reference
The difference between the long-term target approved by the SBTi and the goals set forth in Epson's Environmental Vision 2050
The targets that were recently approved by the SBTi were approved as being science-based targets for achieving net-zero total GHG emissions by 2050, in line with the Paris Agreement's goal of limiting global warming to 1.5℃. On the other hand, Environmental Vision 2050 outlines a broader ambition of not only to achieving the SBTi-approved reduction targets but also of going beyond them by absorbing or removing more greenhouse gases than we emit. This reflects Epson's goal of becoming carbon negative by 2050, contributing further to decarbonisation.
Follow Epson on social media:
LinkedIn: @Epson-Australia
Facebook: @EpsonAustralia
Twitter: @EpsonAust
YouTube: @EpsonAustralia
Instagram: @EpsonAust
Ends
About Epson, Epson Australia and Epson New Zealand
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.
https://corporate.epson/en/https://corporate.epson/en/
Epson Australia offers an extensive array of award-winning image capture and image output products for the commercial, industrial, consumer, business, photography and graphic arts markets, and is also a leading supplier of value-added point-of-sale (POS) solutions for the retail market. Epson is the market leader in Australia and worldwide in sales of projectors for the home, office and education. Established in 1983 Epson Australia and now in its 41st year of operation, it is headquartered in North Sydney, NSW and is a subsidiary of the Epson Group headquartered in Japan.
Epson New Zealand offers an extensive array of award-winning image capture and image output products for the commercial, industrial, consumer, business, photography and graphic arts markets, and is also a leading supplier of value-added point-of-sale (POS) solutions for the retail market. Epson is a market leader in New Zealand, Australia and worldwide in sales of projectors for the home, office and education. Epson New Zealand is headquartered in Auckland and is a branch of Epson Australia Pty Limited, a subsidiary of the Epson Group headquartered in Japan.
www.epson.co.nz