Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Social Responsibility
• Governance

Environmental Achievements

• Implemented highest-standard environmental equipment in the new Iino building under construction; promoted detailed maintenance and replacement of energy-saving equipment in existing rental buildings; achieved 100% use of TBT-free antifouling paint.
• Reduced energy consumption by 35% in the new Iino building through measures such as double skin and natural ventilation.
• Reduced CO2 emissions by 50t annually in Sasazuka Center Building by switching to energy-saving lighting fixtures.

Social Achievements

• Launched a new ship management support system (MARS) to improve the level of ship management services; provided low-cost international mobile phones to Filipino crew members to facilitate communication with families; implemented measures to reduce conflicts between crew members of different nationalities.
• Established a new employee training program including sea transport practice, agency training, and section-specific training.
• Implemented childcare leave and childcare short-time work system.

Governance Achievements

• Efficiently progressed in accordance with the 2009 J-SOX Act; established a corporate governance system based on the board of directors, audit, and three committees; implemented ISO management system as the core of corporate governance.

Climate Goals & Targets

Environmental Challenges

• Global economic downturn impacting shipping market conditions; decrease in shipping volume and sharp drop in shipping market prices; increase in costs associated with ship operation.
• Decrease in studio photography due to changes in the publishing and advertising industry; decrease in gasoline sales due to high oil prices and economic downturn.

Mitigation Strategies

• Secured stable revenue base through long-term contracts; implemented cost reduction measures and improved cash flow; diversified shipping patterns to secure stable revenue; actively pursued new transportation contracts and fleet expansion.
• Provided a wider range of services including design production and retouching; strengthened overseas networks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green purchasing of office supplies and uniforms; green purchasing of building materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Guidelines 2006

Certifications: ISO 9001, ISO 14001, ISM Code

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Encouragement Prize in the Environmental Report Category of the Environmental Communication Grand Prix

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Social

Environmental Achievements

• 100% of oil and chemical tankers are double-hulled since October 2002
• 100% of managed fleet used tin-free paint by April 2004
• Reduced operated vessel’s fuel consumption by 4.24% vs. 2008 (per operating deadweight ton)

Social Achievements

• Annual end-of-year parties for ship crews and their families at Pobar Marine Services (Manila) and IMS Korea (Busan)
• Various training programs for onshore and shipboard employees
• Parental leave offered to employees with children up to 18 months of age

Governance Achievements

• ISO 9001/14001 certification for Iino Lines, Iino Marine Service, Iino Building Technology, and Iino Gas Transport
• Implementation of safety and environmental accounting systems
• Three-committee system (Compliance, Quality and System, Safety and Environment) for risk management

Climate Goals & Targets

Environmental Challenges

• Increasing marine piracy incidents
• Marine traffic hazards in Singapore Strait
• Meeting stringent safety and environmental standards

Mitigation Strategies

• Stationed external-specialist security teams aboard ships
• Increased ship tracking system data receipt frequency
• Intensified continuous radar monitoring of nearby vessel traffic
• Proactive upgrading of anti-piracy equipment
• Prohibition of rendezvous services in Singapore Strait
• Ongoing education and training of shipboard workforce
• Implementation of ISO standards and PDCA cycle for continual improvement

Supply Chain Management

Responsible Procurement

• Green procurement initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons
• Storms

Reporting Standards

Frameworks Used: GRI, Ministry of the Environment's Environmental Accounting Guidelines, Ministry of Economy, Trade and Industry's Environmental Management Accounting Technique Workbook

Certifications: ISO 9001, ISO 14001, ISM Code, Green Award (Iino Marine Service)

Environmental Metrics

ESG Focus Areas

• Greenhouse Gas Emissions

Climate Goals & Targets

Environmental Challenges

• Report does not include other GHGs than CO2. Scope 3 emissions are not calculated.

Mitigation Strategies

• Recommendation to develop a new monitoring plan to include all types of GHGs and to develop ways of calculating scope 3 emissions.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14064-1:2006, ISO 14064-3:2006, ASSET Monitoring and Reporting Guidelines Ver.9.0 (Ministry of the Environment), Guidelines for Tokyo Metropolitan Emission Trading Scheme

Third-party Assurance: Nippon Kaiji Kyokai

Environmental Metrics

ESG Focus Areas

• Safety
• Human Rights
• Environmental Protection
• Social Contribution
• Compliance
• Customer Respect
• Diversity Promotion
• Information Disclosure & Communication
• Education & Training

Environmental Achievements

• Formulated a new roadmap to achieve carbon neutrality by 2050
• Endorsed the TCFD in July 2021
• Established an Environmental Promotion Working Team

Social Achievements

• Received Kurumin certification (supports raising children)
• Established IINO Group Human Rights Policy and Anti-Corruption Policy
• Established IINO Group Procurement Policy and IINO Group Supplier Code of Conduct
• Established IINO Group Policy on Social Contribution
• Established IINO Group Competition Law Compliance Policy
• Increased percentage of women in total career-track workforce to 11.7% and in all managers to 5.6% (as of end of March 2024), aiming for 20% in career-track onshore workforce by end of March 2026

Governance Achievements

• Established the Nomination and Remuneration Committee
• Implemented a stock compensation plan for Executive Directors
• Established the Risk Management Committee and three subcommittees (Safety and Environment, Quality and Systems, Compliance)
• Established the Corporate Audit Office

Climate Goals & Targets

Environmental Challenges

• Further promotion of DX (digital transformation)
• Further promotion of diversity in the Board of Directors
• Improvement of communication among directors and employees
• Deepen discussions on long-term vision, future aspirations and business strategy, including sustainability-related responses

Mitigation Strategies

• Promoting collaboration with startup companies for DX
• Increasing the number of female directors
• Providing a forum for communication between directors and employees
• Deepening discussions on long-term vision, future aspirations and business strategy, including sustainability-related responses

Supply Chain Management

Responsible Procurement

• IINO Group Procurement Policy and IINO Group Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Certifications: Kurumin certification

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installation of wind-powered propulsion auxiliaries and rotor sails on ships.
• Adoption of an AI-based crew change allocation planning program to improve efficiency.

Social Achievements

• Formulation of Human Rights Policy (previous fiscal year) and Procurement Policy and Supplier Code of Conduct (May 2023).
• Conducting human rights training for Group executives and employees.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Softening market for dry bulk carriers.
• Rising electricity costs and increased management and repair costs in the real estate segment.
• Regional conflicts and global economic slowdown impacting chemical tanker and dry bulk markets.
• Worsening ship supply and demand balance in the large LPG carrier market.

Mitigation Strategies

• Proactively taking on spot and other cargoes in chemical tankers to improve profitability.
• Closely monitoring the dry bulk market.
• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procurement Policy and Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed