Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Recycling
• Marine Resources
• Marine Pollution
• Food Safety
• Consumer-Oriented Management
• Health Value Creation
• Employee Value
• Human Rights
• Sustainable Supply Chain
• Value for Communities & Society
• Corporate Governance
• Compliance
• Risk Management

Environmental Achievements

• Reduced CO2 emissions by 8.8% from FY2017
• Installed solar panels on the roof of the building at Marine Access Corporation, generating approx 650,000 kWh and reducing CO2 emissions by approximately 260 tons.
• Reduced the amount of plastic containers and packaging used by 1.5% from FY2020
• Reduced food loss by 10.4% from FY2020
• Achieved a 98.4% recycling rate of food waste

Social Achievements

• Launched projects in the areas of "reduction of plastic use and food loss" and "Food provision contributing to creating health value and sustainability"
• Implemented Group Philosophy training for new and mid-career employees
• Maintained a 100% rate of women taking childcare leave from FY2017 to FY2022
• Held cooking classes by chefs for parents and children
• Participated in mangrove planting in Setouchi Town on Amami Oshima

Governance Achievements

• Established the Sustainability Committee, meeting four times a year
• Implemented TCFD scenario analysis
• Revised Supplier Guidelines, adding a new requirement on matters concerning the elimination of IUU fishing

Climate Goals & Targets

Environmental Challenges

• Achieving carbon neutrality by 2050 due to many manufacturing sites and logistics warehouses not equipped with solar panels and lack of specific CO2 emission reduction technologies for fishing vessels.
• Reducing plastic usage in containers and packaging due to quality concerns.
• Reducing food loss due to packaging damage and difficulties in donating frozen foods.
• Ensuring the resource status of marine products due to the multiple stages of distribution and processing.
• Addressing marine plastic pollution.
• Securing human resources due to declining birthrate and aging population.

Mitigation Strategies

• Developed a “CO2 Emission Reduction Roadmap” with targets for 2030 and 2050.
• Promoting the sharing of information and internal awareness of reducing plastic usage.
• Establishing a donation scheme for frozen foods and working to develop an AI app to determine exterior packaging damage.
• Conducting periodical surveys of marine resources and implementing improvements.
• Conducting cleanup activities and test operation of lost fishing gear records.
• Implementing a talent management system and creating a job definition for section managers.

Supply Chain Management

Supplier Audits: 1000 out of 1996 suppliers surveyed in FY2022

Responsible Procurement

• Maruha Nichiro Group Basic Procurement Policy
• Maruha Nichiro Group Supplier Guidelines
• Declaration of Anti-corruption

Climate-Related Risks & Opportunities

Physical Risks

• Shifting fishing areas
• Shifting production areas for agricultural products
• Depletion of marine resources

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Increased demand for sustainable seafood

Reporting Standards

Frameworks Used: GRI Standards, TCFD, UNGC

Certifications: ISO 14001, ISO 45001, MSC, ASC, Eruboshi, Kurumin

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)
• Goal 14 (Life below water)
• Goal 2 (Zero hunger)
• Goal 3 (Good health and well-being)
• Goal 8 (Decent work and economic growth)
• Goal 12 (Responsible consumption and production)
• Goal 15 (Life on land)

Maruha Nichiro's initiatives contribute to these SDGs through various environmental, social, and governance activities.

Sustainable Products & Innovation

• MSC-certified products
• ASC-certified products
• Products with extended shelf life

Awards & Recognition

• Blue Bond Award
• Health Management Brand 2022
• White 500: Excellent Corporation for Health Management 2022
• Highest rank in the DBJ Health Management Rating
• Sports Yell Company 2023
• Tokyo Metropolitan Government Sports Promotion Company

Environmental Metrics

ESG Focus Areas

• Maximizing Maruha Nichiro Value (MNV), integrating economic, environmental, and social value
• Sustainable supply of marine products
• Food promoting project contributing to health value and sustainability
• Building a supply chain that leaves no one behind
• Action against climate change
• Preserving biodiversity and ecosystems
• Contributing to a recycling-oriented society
• Action against marine pollution by marine plastics
• Provision of safe and secure food
• Building a workplace environment where diverse employees can work with a sense of security
• Respect for human rights in business operations
• Development of a sustainable supply chain

Environmental Achievements

• Reduced CO2 emissions by 3.5% year-on-year (domestic group)
• Reduced food loss by 38.2% compared to FY2020
• Achieved 98.8% recycling rate of food waste (domestic group)
• Employee participation rate in coastal cleanup at 23.4% (exceeding FY2024 target)

Social Achievements

• Achieved zero serious quality-related incidents (domestic group)
• Maintained 100% rate of women taking childcare leave for eight consecutive years
• Received the Commissioner of the Consumer Affairs Agency Award at the FY2023 Food Loss Reduction Promotion Awards
• Received the Cabinet Office Minister’s Award in the Consumer-Oriented Management Excellent Case Awards

Governance Achievements

• Ratio of Independent Officers among all Directors and Audit & Supervisory Board Members at 61.5%
• Implemented a new product information management system
• Introduced ROIC management

Climate Goals & Targets

Environmental Challenges

• Decline in overseas business due to market changes
• Supply chain disruptions
• Depletion of wild capture marine products
• Risks related to aquaculture (ecosystem disruption, antibiotic-resistant bacteria)
• IUU fishing and human rights violations in the supply chain
• Rising costs of raw materials
• Shortage of human resources
• Climate change impacts on marine resources
• Food loss
• Plastic use in containers and packaging

Mitigation Strategies

• Resource surveys of handled marine products
• Voluntary management standards for aquaculture farms aligning with ASC certification
• Enhanced traceability of marine products and announcement of a procurement policy
• CO2 emissions reduction project
• Plastic use reduction project
• Sustainable and efficient food donation scheme
• Improving energy efficiency and introducing renewable energy
• Developing alternative sourcing strategies
• Organizational restructuring
• Investing in human capital and intellectual property
• Promoting digital transformation
• Collaboration with Kibun Foods Inc.
• Participation in SeaBOS and TNFD initiatives

Supply Chain Management

Supplier Audits: 1,399 companies surveyed in FY2023 (64% coverage)

Responsible Procurement

• Maruha Nichiro Group Basic Procurement Policy
• Supplier guidelines
• Traceability requirements
• Human rights due diligence
• Promotion of MSC and ASC certified products

Climate-Related Risks & Opportunities

Physical Risks

• Changes in fish species and fishing grounds
• Higher procurement costs of marine products

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Expansion of alternative protein raw materials
• Prompt response to changes in fishing grounds

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (VRF), Guidance for Collaborative Value Creation (METI), GRI Standards

Sustainable Products & Innovation

• Algae-derived DHA
• MSC- and ASC-certified products
• Products meeting health value creation and sustainability standards

Awards & Recognition

• Cabinet Office Minister’s Award in the Consumer-Oriented Management Excellent Case Awards
• Commissioner of the Consumer Affairs Agency Award at the FY2023 Food Loss Reduction Promotion Awards