Climate Change Data

MEISEI INDUSTRIAL CO., LTD.

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:15952 tCO2 (Scope 1 & 2 combined)
Scope 1 Emissions:12317 tCO2
Scope 2 Emissions:3635 tCO2

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Installation of solar power systems and introduction of hybrid vehicles to reduce CO2 emissions
  • Received a B- score (management level) in CDP 2023

Social Achievements

  • Welcomed its first female outside director in June 2024
  • Initiatives to secure and develop human resources, promote diversity & inclusion, and implement work style reforms

Governance Achievements

  • Strengthened corporate governance by appointing a female outside director
  • Established a Sustainability Committee to lead sustainability initiatives

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality by 2050
Medium-term Goals:
  • Net sales of ¥61.0 billion, operating profit of ¥8.4 billion and ordinary profit of ¥8.7 billion in FY3/27
Short-term Goals:
  • 10% childcare leave take-up rate among male workers by March 2025
  • 20% female recruits among newly recruited workers by March 2025

Environmental Challenges

  • Rising material and labor costs due to global inflation
  • Labor shortage due to an aging and shrinking workforce
  • Climate change risks (physical and transition risks)
Mitigation Strategies
  • Dialogue with stakeholders to pass on some cost increases
  • Cost reduction measures using IT and automation
  • Investments in R&D for next-generation energy technologies
  • Initiatives to reduce CO2 emissions
  • Strengthening relationships with business partners
  • Empowering women and retaining/training employees
  • Utilizing human resources from overseas
  • Promoting DX

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Damage to business sites from flooding, storm surges, and other weather events
Transition Risks
  • Increase in operating costs due to the introduction of carbon taxes
Opportunities
  • Increase in opportunities to win orders for construction related to renewable energy

Reporting Standards

Frameworks Used: International Integrated Reporting Framework (IFRS Foundation), Guidance for Integrated Corporate Disclosure and Company-Investor Dialogue for Collaborative Value Creation (METI), TCFD