Sustainability
Climate Change (TCFD Recommendations)
Governance
We established the Sustainability Promotion Department which has taken over the review of fundamental policy, materialities, risks, and opportunities related to climate change from the TCFD Working Group* in October 2024.
The Sustainability Promotion Department considers/reviews matters, and the Sustainability Committee deliberates them.
Then, the matters are reported to the Board of Directors.
Proposals deliberated and decided upon by the Board of Directors are rolled out to each department and reflected in their respective management plans and business operations.
※TCFD Working Group : A working group composed of representatives from relevant departments that had been conducting information disclosure and risk/opportunity assessments in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Strategy
As one of our mid-to-long term risks, we recognize “climate change”. To examine strategies and organizational resilience considering climate change-related risks and opportunities, our Group references climate change scenarios from the IEA (International Energy Agency) and IPCC (Intergovernmental Panel on Climate Change) – specifically the 2°C scenario and 4°C scenario – to assess the long-term impact on our Group through fiscal year 2050 and conduct scenario analysis.
TCFD Scenario Analysis
Risk Management Related to Sustainability
The Sustainability Promotion Department conducts scenario analysis on climate change risks. To prioritize climate-related risks, we particularly focus on high-priority items based on the likelihood of risks/opportunities occurring and their potential impact if realized. The Sustainability Committee continuously monitors progress and reviews initiatives. Regarding the climate-related risk management process, the Sustainability Promotion Department conducts analysis of climate-related risks, formulates and advances countermeasures. The Sustainability Committee manages progress and other related matters, and then reports to the Board of Directors as appropriate, thereby conducting integrated risk management across the entire company.
Metrics and Targets
Our group implements various initiatives, including providing environmentally friendly products and preventing contamination, in consideration of addressing environmental issues. Our group recognizes climate change as a key management priority and has established total greenhouse gas (GHG) emissions (Scope 1 and 2) as an indicator to assess and manage the impact of climate-related issues on our business.
Our Company and its domestic consolidated subsidiaries (domestic only)
Scope 1 and 2
Aiming for carbon neutrality by fiscal year 2050, our company and domestic consolidated subsidiaries have set a target for fiscal year 2030 of “50% reduction compared to fiscal year 2021” (market-based). The following graph shows the actual Scope 1 and 2 emissions totals for our company and domestic consolidated subsidiaries from fiscal year 2021 to 2024, along with the targets for fiscal years 2030 and 2050.
In fiscal year 2022, GHG emissions increased alongside sales growth. However, starting in fiscal year 2023, we implemented a switch to electricity derived from renewable energy sources at our facilities, resulting in a reduction.
Scope3
We have started calculation on Scope 3 emissions since fiscal year 2024.
| Scope3 Total emissions | 799,015 t-CO2 |
As a result of revising the calculation method for third-party assurance, we have adjusted the Scope 3 Total emissions.
Our company and its consolidated subsidiaries in Japan and overseas (including overseas consolidated-subsidiaries)
Please refer to “Third-Party assurance”.
Third-party assurance
Our greenhouse gas emissions, including our domestic and international consolidated subsidiaries, have been assured by a third-party assurance body.
“Greenhouse Gas Emissions Report (温室効果ガス排出量 報告書)” and “Independent Practitioner’s Assurance Report”
Period : FY 2024 ( from Apr 1st 2024 to Mar 31st 2025 ）
