Climate Change Data

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)