Sustainability Committee and Group CO2 Emissions Reduction
First written in FY2022. 5 of 6 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Operation of the internal carbon pricing (ICP) system When considering capital investment that contributes to reducing Scope 1 and 2 emissions, we calculate cost-effectiveness using an internally determined carbon price, thereby establishing a system to give priority to the introduction of low-carbon equipment.」
The Sustainability Committee's initiatives have progressed to the ICP system, self-consumption solar power generation, carbon-free electricity, calculation of primary data for Scope 3, and supplier training. - FY2025AdvancedAnnual report
「Looking ahead to 2030 and 2050, we evaluated and analyzed the qualitative and quantitative business impacts under two climate change scenarios, the 4°C scenario and the 1.5°C scenario, referring to forecasts by the IPCC (Intergovernmental Panel on Climate Change), the IEA (International Energy Agency) and other organizations.」
The Sustainability Committee's activities have progressed to qualitative and quantitative analyses of the 4°C and 1.5°C scenarios looking ahead to 2030 and 2050. The company has also disclosed that Scope 1 and 2 GHG emissions were approximately 9% lower than in fiscal 2020, while Scope 3 emissions increased. - FY2023AdvancedAnnual report
「In addition, to identify sustainability-related issues across the Group as material issues and further advance its activities, we established the Sustainability Promotion Office effective 1 April 2023.」
Following the establishment of the Sustainability Committee, the Sustainability Promotion Office was established effective 1 April 2023. The company has also disclosed its 2030 GHG emissions reduction targets and the reporting of risks and opportunities to the Board of Directors. - FY2022First statedAnnual report
「Under the newly established Sustainability Committee, our group will coordinate with existing specialist committees and monitor the risks and opportunities associated with climate change, while formulating strategies and advancing initiatives addressing environmental issues. We will also set group-wide CO2 emissions reduction targets and promote initiatives to reduce supply chain emissions toward the realization of a sustainable society and the enhancement of corporate value.」
The company established a Sustainability Committee and, for the first time, clearly specified a framework for jointly advancing monitoring of climate change risks and opportunities, environmental strategy, the Group's CO2 emissions reduction targets, and supply chain emissions reductions.