Joint Initiatives

In June 2021, CITIZEN WATCH announced its support for the "Challenge to 30% by 2030" of the Japan Business Federation (Keidanren). The "Challenge to 30% by 2030" is a goal set forth in the "New Growth Strategy" released by Keidanren in November 2020 to achieve a ratio of 30% or more female executives by 2030. The Group will continue to promote diversity and inclusion by working to encourage the active participation of a diverse range of people.

• Challenge to 30% by 2030

As a proactive response to climate change, one of the most pressing global environmental concerns, The CITIZEN Group is actively engaged in comprehensive initiatives aimed at mitigating greenhouse gas emissions. This entails extensive energy-saving endeavors implemented across our factories and offices, alongside the incorporation of electricity sourced from renewable energy outlets.

As a testament to our commitment to combat climate change, we joined the Climate Change Initiative and embraced the TCFD (Task Force on Climate-Related Financial Disclosures) recommendations in 2020. Furthermore, in 2022, we undertook a revision of the Group's CO₂ emission reduction objectives, spanning Scope 1, Scope 2, and Scope 3 emissions. Additionally, our disaster Business Continuity Plan (BCP) encompasses strategies designed to address the potential impact of significant climate change-induced disasters.

• TCFD

CITIZEN WATCH has attained certification from the Science Based Targets (SBT) Initiative* for The CITIZEN Group Environmental Goals 2030. These goals outline our greenhouse gas emissions reduction target for 2030, and their scientific foundation aligns with the standards set by the Paris Agreement. The CITIZEN Group has consistently advanced endeavors aimed at diminishing greenhouse gas emissions. These efforts encompass energy-saving measures within manufacturing processes, the transition to LED lighting, and the establishment of photovoltaic power generation systems. Our commitment remains resolute in integrating renewable energy solutions and collaborating with both customers and suppliers to curtail greenhouse gas emissions across the entire supply chain. This approach serves to realize our aspiration for a sustainable society.

1. * SBT Initiative: A joint initiative of WWF, CDP, World Resources Institute (WRI), and the UN Global Compact. It encourages companies to set reduction targets consistent with scientific findings toward the goal of limiting the increase in global average temperature due to climate change to 1.5°C above pre-industrial levels.

• Science Based Targets

CITIZEN WATCH is a supporting member of the Japan Climate Leaders’ Partnership (JCLP), a group of companies committed to realizing a sustainable, decarbonized society.

In the revised CITIZEN Group Environmental Vision 2050, adopted in April 2020, The CITIZEN Group wholeheartedly commits to decarbonization in order to attain near-zero greenhouse gas (GHG) emissions and ensure the sustainable utilization of resources. Of specific significance and in alignment with one of the key materiality issues identified within our Medium-Term Management Plan 2024, which pertains to addressing climate change and fostering a society centered on recycling, we are intensifying our efforts in the realm of climate change initiatives. This includes the attainment of Science Based Targets (SBT) certification, a milestone achieved in January 2023.

Seizing the occasion of our participation in the JCLP, The CITIZEN Group aspires to actualize a decarbonized society in alignment with the principles of the Paris Agreement. This endeavor involves advancing decarbonization endeavors through the robust adoption of renewable energy and complementary measures. By doing so, we are dedicated to playing a role in the realization of a sustainable society.

• Japan Climate Leaders' Partnership

The CITIZEN Group wholeheartedly aligns with the principles advocated by the Task Force on Nature-related Financial Disclosure (TNFD)*. Our dedication to this cause is evident through our membership in the TNFD Forum, an organization fostering stakeholder collaboration to shape an effective information disclosure framework. Rooted in the essence of The CITIZEN Group Biodiversity Vision, we acknowledge the intrinsic significance of ecosystem services derived from biodiversity, as well as the influence our business undertakings exert on biodiversity. In this pursuit, we are resolute in collaborating with local communities to safeguard and conserve biodiversity.

We are committed to sustaining our collaboration with the TNFD to facilitate the creation of the envisioned information disclosure framework. Concurrently, we will advance the judicious dissemination of data concerning natural capital, working steadfastly to cultivate a bond of confidence with our stakeholders – encompassing shareholders, investors, and beyond. Through these efforts, we are steadfastly dedicated to perpetually augmenting our corporate value.

• * TNFD: An international initiative established in 2021 as the non-financial disclosure framework following the Task Force on Climate-related Financial Disclosures (TCFD). The TNFD aims to restore biodiversity by creating a framework that encourages companies to disclose information on risks and opportunities related to the natural environment and biodiversity, and by reversing the flow of funds that cause losses to natural capital.

• TNFD
• TNFD Forum

On April 26, 2023, The CITIZEN Group joined the 30 by 30 Alliance for Biodiversity, an initiative to preserve biodiversity, which is an important issue for global environmental conservation.

The Alliance is a collaborative coalition comprising companies, local governments, organizations, and more, with a shared objective to enhance the existing protected areas in Japan (constituting about 20% of the land area and 13% of the marine area). The primary aim is to certify and oversee regions designated for biodiversity preservation efforts, known as Other Effective Conservation Measures (OECM*). These areas encompass private corporate forests and other spaces actively engaged in biodiversity conservation. The overarching goal is to contribute to the international 30x30 commitment, which seeks to safeguard 30% of the world's land and ocean territories by the year 2030.

Grounded in The CITIZEN Group Biodiversity Vision, the Group has been consistently engaged in conservation efforts for gossamer-winged butterflies, specifically the Large Shijimi Blue and Reverdin's Blue species, which inhabit its operational sites. Through active participation in the Alliance, we are committed to sustaining collaboration with local communities to advance biodiversity preservation. This commitment is driven by an understanding of the inherent significance of biodiversity's advantages, notably ecosystem services, and an awareness of the influence our business operations wield on biodiversity.

• * OECM (Other Effective area-based Conservation Measures): Areas that are being conserved through the efforts of the private sector and others, and areas where management not for conservation purposes contributes to the preservation of the natural environment as a result

• 30 by 30 Alliance for Biodiversity by Ministry of the Environment (Japanese only)
• Promotion of the CITIZEN Group Biodiversity Conservation Activities

The CITIZEN Group endorses the Keidanren Initiative for Biodiversity, and our biodiversity philosophy is consistent with the principles of the organization's Declaration of Biodiversity.

• Keidanren Initiative for Biodiversity

CITIZEN WATCH endorses the Partnership Building Declaration.

We are committed to adhering to the Partnership Building Declaration outlined below. Our aim is to foster novel partnerships by facilitating collaboration and mutual coexistence with our network of supply chain partners and value-driven enterprises.

• Partnership Building Declaration (PDF: 471KB)
• Partnership Building Declaration portal site (Japanese)