ITOCHU-SHOKUHIN Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:9,440 tCO2e/year (Scope 1 & 2)
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced CO2 emissions (Scope 1 and 2) by 14.5% compared to FY2018
- Reduced food loss by 55.4% compared to FY2018
- Reduced plastic waste by 58.4% compared to FY2021
- Achieved 81.8% effective utilization rate of plastic waste
Social Achievements
- Increased percentage of female managers to 13.8% as of April 1, 2024
- Selected as a 2024 Certified Health & Productivity Management Outstanding Organization
- Employee engagement score improvements
- 36.4% of men taking childcare leave
Governance Achievements
- Appointed two female Directors
- Established a Governance Committee
- Established the “ITOCHU-SHOKUHIN Group Compliance Regulations”
- Implemented a comprehensive inspection of vulnerabilities across its network
Climate Goals & Targets
Medium-term Goals:
- Reduce CO2 emissions (Scope 1 and 2) by 40% by FY2030 (compared to FY2018)
- Reduce food loss by 50% by FY2030 (compared to FY2018)
- Reduce plastic waste by 40% by FY2030 (compared to FY2021)
- Achieve 95% effective utilization rate of plastic waste by FY2030
- Increase percentage of female managers to 25% by 2030
Environmental Challenges
- The 2024 problem (restrictions on truck drivers’ overtime work and labor shortages)
- Rising product prices leading to a decline in consumer demand
- Intensifying competition and restructuring among retailers
- Decline in consumption and changes in consumer behavior caused by rising prices
- Cyber attack threats
Mitigation Strategies
- Improving the efficiency of warehouse operations through the use of digital technology
- Improving truck loading efficiency
- Reducing the workload of drivers
- Strengthening cybersecurity detection functions
- Formulating a business continuity plan (BCP) to respond to cyber attacks
- Implementing measures that emphasize efficiency across the supply chain
- Consumer-oriented initiatives
Supply Chain Management
Supplier Audits: 164 locations in FY2023
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 14001
Sustainable Products & Innovation
- TOMIN ICHIBA brand frozen foods
Awards & Recognition
- Certified Health & Productivity Management Outstanding Organization (2024)