SPARX Group
Climate Impact & Sustainability Data (2021-04-01 to 2022-03-31, FY2022 (to March 31, 2023), FY2023 (to March 31, 2024))
Reporting Period: 2021-04-01 to 2022-03-31
Environmental Metrics
Total Carbon Emissions:132.77 tCO2e/year
Scope 1 Emissions:6.13 tCO2e/year
Scope 2 Emissions:126.64 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:167.07 tCO2e/1M US$
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced Scope 1 and Scope 2 GHG emissions by 6.5% from FY2020 to FY2021 (141.98 tCO2e to 132.77 tCO2e)
Social Achievements
- Not disclosed
Governance Achievements
- Established a “Basic Sustainability Policy”, a Group Risk Management Committee, and a Responsible Investment Committee to address climate-related risks and opportunities.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2050 for all portfolio companies and projects.
Medium-term Goals:
- 33% reduction in GHG emissions by FY2030 (compared to FY2020 baseline).
Short-term Goals:
- By 2025, at least 50% of the listed equity and alternative equities investment portfolio companies should support TCFD and implement emission reduction plans.
Environmental Challenges
- Physical risks from large-scale natural disasters impacting business continuity and asset values.
- Transition risks from stricter climate-related regulations and decarbonization technology adoption impacting asset values.
Mitigation Strategies
- Regularly reviews BCP and bolsters management systems for business continuity.
- Monitors and manages climate-related risks alongside other ESG factors in the risk management process.
- Conducts scenario analysis to understand the impact of climate change on client assets.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Large-scale natural disasters
Transition Risks
- Stricter climate-related regulations and decarbonization technology adoption
Opportunities
- Potential corporate revenue from technological innovations and market changes addressing climate change problems
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: FY2022 (to March 31, 2023)
Environmental Metrics
Total Carbon Emissions:109.80 tCO2e/year
Scope 1 Emissions:6.13 tCO2e/year
Scope 2 Emissions:103.67 tCO2e/year
Scope 3 Emissions:576.47 tCO2e/year (estimated)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced Scope 1 and Scope 2 GHG emissions by 22.7% from FY2020 to FY2022 (109.80 tCO2e in FY2022)
- Switched six Japanese Group companies to renewable energy contracts in September 2022.
Social Achievements
- Not disclosed
Governance Achievements
- Established a Basic Sustainability Policy and governance structure involving the Board of Directors and Management Meeting.
- Established a Sustainability Planning department.
- Established a Group Risk Management Committee.
- Established a Responsible Investment Committee.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2050 for all Group companies and portfolio companies.
Medium-term Goals:
- 33% reduction in Scope 1 and Scope 2 GHG emissions by FY2030 (compared to FY2020).
Short-term Goals:
- By 2025: At least 50% of portfolios in all Japanese Equity funds should be companies supporting TCFD and implementing emission reduction plans.
Environmental Challenges
- Physical risks from natural disasters (acute and chronic)
- Transition risks from stricter regulations and market shifts
- Reputational risks from a lack of effort in addressing climate change
Mitigation Strategies
- Regularly reviews BCP and bolsters management systems for business continuity.
- Managing climate-related risks as a factor impacting all risk categories (under Basic Group Risk Management Rules).
- Working to develop a framework to encourage portfolio companies to promote climate change-related initiatives.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- More disasters, including torrential rains and massive typhoons
- Increased damage to Group offices or employees
- Negative impact on earnings due to rising sea levels
Transition Risks
- Rising GHG emission prices (carbon taxes)
- Tighter emissions reporting system requirements and regulations
- Delayed response to changes in industrial structure due to rapid technological innovation
- Changing investor preferences
Opportunities
- Potential corporate revenue from technological innovations and market changes addressing climate change problems
- Finding investment opportunities in companies possessing technologies that will bring about rapid changes in the industrial structure
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: FY2023 (to March 31, 2024)
Environmental Metrics
Total Carbon Emissions:80.96 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:5.30 tCO2e/year
Scope 2 Emissions:75.66 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced Scope 1 and Scope 2 GHG emissions by 43.0% from FY2020 to FY2023 (80.96 tCO2e in FY2023)
- Switched six Japanese Group companies to renewable energy contracts in September 2022
Social Achievements
- Not disclosed
Governance Achievements
- Established a Sustainability Planning department
- Established a Group Risk Management Committee
- Established a Responsible Investment Committee
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2050 for all portfolio companies and projects
Medium-term Goals:
- Not disclosed
Short-term Goals:
- By 2025: At least 50% of portfolios in Japanese Equity funds to be companies supporting TCFD and implementing emission reduction plans
Environmental Challenges
- Physical risks from natural disasters
- Transition risks from stricter regulations and market shifts
- Reputational risks from insufficient climate action
Mitigation Strategies
- Regularly reviews BCP and management systems for business continuity
- Developing a framework to encourage portfolio companies' climate initiatives
- Utilizing climate change-related data from external vendors for investment decisions
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- More disasters, including torrential rains and massive typhoons
- Increased damage to Group offices or employees
- Negative impact on earnings due to rising sea levels
Transition Risks
- Rising GHG emission prices
- Tighter emissions reporting system requirements
- Delayed response to changes in industrial structure
- Changing investor preferences
- Increased reputational risk
Opportunities
- Potential corporate revenue from technological innovations and market changes addressing climate change problems
- Finding investment opportunities in companies possessing technologies that will bring about rapid changes in the industrial structure
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed