Climate change initiatives aligned with the TCFD Recommendations and greenhouse gas reduction targets
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the previous consolidated fiscal year, the company was selected for the Ministry of the Environment and Ministry of Land, Infrastructure, Transport and Tourism’s program to promote the construction of zero-emission vessels and other vessels. It plans to invest ¥2.7 billion in capital expenditure, including expanding crane capacity, with a maximum subsidy of ¥900 million, and expects to complete the investment in fiscal 2027.」
The company is proceeding with ¥2.7 billion of capital investment, using subsidies to establish a domestic production system for zero-emission vessels and other vessels, with completion scheduled for fiscal 2027. In addition, the number of vessels built that received a five-star rating rose to 23. - FY2024AdvancedAnnual report
「New greenhouse gas reduction targets set by the IMO (International Maritime Organization) for international shipping ①Reduce GHG emissions by at least 20–30% by 2030 (per transport work, compared with 2008) ②Reduce GHG emissions by at least 70–80% by 2040 (compared with 2008) ③Achieve net-zero GHG emissions by around 2050」
The company has specifically disclosed targets for 2030, 2040 and 2050 based on the IMO’s 2023 GHG reduction strategy, and has also reported that 19 vessels it built received a five-star rating. - FY2023First statedAnnual report
「To contribute to achieving the goals of the Paris Agreement, an international framework addressing climate change, and the greenhouse gas reduction targets of the IMO (International Maritime Organization), the Group will make disclosures aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and actively work to reduce greenhouse gas emissions through its business activities.」
For the first time, the company has systematically described climate-related disclosures aligned with the TCFD Recommendations, annual target-setting and monthly progress monitoring by the Environmental Conservation Committee, and PDCA management under ISO 14001. It has also presented external targets, including reducing CO2 emissions from international shipping by at least 40% by 2030, GHG emissions by at least 50% by 2050, and CO2 emissions from domestic shipping by 1.81 million tonnes by 2030.