Canon Converts 100% of Power to Renewable Energy at Five Manufacturing Sites for Printing Business
Canon Inc. announced today that all of the power used in FY2023 was converted to renewable energy at five locations among four manufacturing companies—Canon Suzhou Inc., Canon Vietnam Co., Ltd. (Thang Long Factory and Tien Son Factory), Canon Hi-Tech Thailand Ltd. (Ayutthaya Factory), and Canon Prachinburi Thailand Ltd.—which produce the mainstay products of its printing business such as office multifunctional devices, home inkjet printers, and large-format inkjet printers.
Canon is working to convert 100% of the power used at the sites where it manufactures its printing products to renewable energy. So far, the company has installed solar panels within the grounds of some manufacturing sites and has harnessed the renewable energy generated from these panels in its production activities. At the Thang Long Factory owned by Canon Vietnam, approximately 18% of the entire plant’s power1 is generated from solar panels (total installation area: approx. 39,000 m2/ generation capacity: 4.48 MW) that were installed in July 2022.
In addition to this initiative, Canon newly obtained a renewable energy certificate (REC) which securitizes the environmental value of renewable energy. This allowed the company to convert2 100% of the power used in FY2023 at five locations among four manufacturing sites—Canon Suzhou, Canon Vietnam (Thang Long Factory and Tien Son Factory), Canon Hi-Tech Thailand (Ayutthaya Factory), and Canon Prachinburi Thailand—to renewable energy. As a result, the percentage of renewable energy usage in 2023 at the final assembly sites3 for printing products, including these five locations, increased to approximately 39.5%, up roughly 5.8 percentage points from 2022. In 2024, Canon plans to continue promoting the self-procurement of green energy through initiatives such as newly installing solar panels and increase the usage rate of renewable energy.
Canon will continue to proactively utilize renewable energy and work to realize a sustainable society.
Initiatives to achieve net-zero CO2 emissions
Since 1988, Canon has been at the forefront of initiatives to protect the environment to build harmonious relationships with the Earth and the natural environment based on its corporate philosophy of kyosei. Since 2008, the company has been working to achieve an annual average improvement of 3% in lifecycle CO2 emissions per product. As a result, it achieved a cumulative improvement of 44.4% (preliminary figures4) by 2023. By 2030, it aims to reduce emissions by 50% from the 2008 baseline, and by 2050 aims to cut its CO2 emissions across product lifecycles to net zero by working together with society.
About Canon Hongkong Company Limited
Canon Inc. (TSE:7751 / NYSE:CAJ) was founded in 1937 in Japan. Its predecessor, Precision Optical Instruments Laboratory, produced Japan's first 35 mm focal-plane-shutter camera “Kwanon” in 1934. From there, Canon Inc. expanded into the photocopying and printing industries, launching Japan's first plain-paper copier NP-1100 in 1970 and the world's first inkjet printer BJ-80 in 1985. Through the years, Canon Inc. has acquired in-depth experience in digital imaging product manufacturing, research and development. Pioneering in innovative products development, Canon Inc. hold the most technology patents in the imaging industry. Canon Inc. also makes significant contribution to promote photography. Today, Canon Inc. has a strong global presence, representing one of the most important market players in the imaging, office and industrial product categories. As of 31 December 2022, Canon's global revenue was US$30.31 billion.
In 1971, Canon Hongkong Co., Ltd. (Canon Hong Kong) was established as one of the first Canon offices in Asia. Canon Hong Kong is a Total Imaging Solution provider, providing professional pre-sales, marketing and after-sales services for all Canon products and solutions in Hong Kong and Macau. With the solely owned subsidiary Canon Business Solutions (Guangdong) Co., Ltd. established in 2018, the company continues to deliver intelligent total business solutions and professional services to Greater Bay Area. Canon Hong Kong adheres to Canon’s corporate philosophy of “Kyosei”, encouraging the company and staff to engage social, charitable and environmental activities for the community. Implementing internationally-recognized management system, Canon Hong Kong has achieved ISO 9001, ISO 14001, ISO 45001 and ISO 27001 (Canon Digital Production Center) certifications.
For more information about Canon Hong Kong, please visit our website: https://hk.canon.
1 FY2023 results.
2 The usage rate of renewable energy in 2022 was approximately 58.1%.
3 Manufacturing sites with product manufacturing and quality assurance divisions that ensure the performance of Canon’s products.
4 As of January 31, 2024.
