ISK Corporation
Climate Impact & Sustainability Data (2021, 2022, 2023, 2024)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:380,000 tons CO2e/year (Yokkaichi Plant FY2021)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:140,000 kiloliters (heavy fuel oil equivalent) (Yokkaichi Plant FY2021)
Water Consumption:15 million m³ (industrial water) + 11 million m³ (seawater) (Yokkaichi Plant FY2021)
Waste Generated:91,000 tons (industrial waste) (Yokkaichi Plant FY2021)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Corporate Governance
- Supply Chain Management
- Occupational Health and Safety
Environmental Achievements
- Published a roadmap for realizing carbon neutrality.
- Disclosed climate change-related risks and opportunities in line with TCFD recommendations.
Social Achievements
- Formulated the “ISK Group Policy on Human Rights.”
- Offered human rights training to Board members.
Governance Achievements
- Complied with the revised Corporate Governance Code.
- Increased the effectiveness of the Board of Directors.
- Reviewed executive remuneration structures.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Achieve 30% or more CO2 emission reduction rate (Scope 1+2, vs. FY2019) by 2030.
- Transition to natural gas at Yokkaichi Plant by 2030.
- Realize carbon neutrality by 2050.
Short-term Goals:
- Reduce energy intensity by 1% or more every year.
- Reduce industrial waste emission rate (vs. FY2019) by 50% or more by 2030.
- Achieve 0 accidents by 2023.
- Maintain 100% employee participation in health checkups and stress checks by 2022.
- Achieve a paid leave acquisition rate of 75% or more by 2022 and 80% or more by 2030.
- Achieve a female manager ratio of 10% or more by 2030.
- Achieve 30% or more mid-career hires as a percentage of managers (average for the last three years) by 2022.
- Achieve 20 hours or more of training and classes by 2022.
- Achieve 50,000 yen or more in training and classes costs by 2022.
- Complete Corporate Risk Management Committee initiatives by 2023.
- Maintain 100% participation in at least 1 compliance training session by 2022.
- Achieve 3 or more effective contributions to operational streamlining by 2022.
- Acquire DX certification by 2023.
Environmental Challenges
- Rising cost of raw materials (coal, titanium ore) and fuel.
- Aging production facilities and equipment at Yokkaichi Plant.
- Need to reduce CO2 emissions.
- Competition with generic products in agrochemicals.
- Shortage of inventory in inorganic chemicals business.
Mitigation Strategies
- Passing on additional costs to sales prices.
- Planning to rebuild Yokkaichi Plant with sustainable production systems.
- Strive for 30% reduction in CO2 emissions by 2030.
- Research into ammonia fuel and CO2 fixation.
- Developing proprietary manufacturing technologies to lower costs.
- Building bench testing equipment and/or a pilot plant in Japan to improve manufacturing technologies.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Establishment of basic policies and guidelines governing procurement.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- TIPAQUE™ PFC105 super-weatherable titanium dioxide
- Highly pure titanium dioxide
- Electro-conductive materials
- Black and white heat-shielding pigments
- Flonicamid (insecticide)
- Fluazinam (fungicide)
- Cyazofamid (fungicide)
- BRENDA™/PANOQUELL™ (anti-pancreatitis drug for dogs)
- EVOXAC™ (Cevimeline Hydrochloride Hydrate)
- Blue Gene™ (blue phalaenopsis)
Awards & Recognition
- Grand prize in the adaptation field of the development and commercialization category in the 2021 Environment Minister’s Awards for Climate Change Action
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
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
- Environmental protection
- Worker safety
- Human rights
- Sustainable Development Goals (SDGs)
- Climate change
- Supply chain stability
Environmental Achievements
- Incorporated HASClayTM to reuse unused low-temperature waste heat, reducing CO2 emissions compared to using fuel for heating, drying, or dehumidifying processes.
- Not disclosed
Social Achievements
- Maintained stable supply during COVID-19 pandemic through reduced production facility utilization and employee collaboration.
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Rising raw material and fuel costs impacting inorganic chemicals business.
- Decreasing titanium content in ore and overseas factors causing difficulties in obtaining titanium ore.
- Tight demand for ships carrying ore resulting in delays.
Mitigation Strategies
- Reconsidering business model for inorganic chemicals.
- Considering various more easily obtainable ores.
- Establishing Ono Research Institute to advance manufacturing technology, achieve lowest cost manufacturing, and ensure stable supply.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- HASClayTM
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:498,000 tons CO2e/year (Scope 1 & 2)
Scope 1 Emissions:476,000 tons CO2e/year
Scope 2 Emissions:22,000 tons CO2e/year
Scope 3 Emissions:519,520 tons CO2e/year
Waste Generated:95,000 tons/year (Japan, consolidated)
ESG Focus Areas
- Climate change
- Human capital
- Supply chain management
- Diversity and inclusion
- Occupational health and safety
Environmental Achievements
- Reduced industrial waste emission rate by 22.1% (vs. FY2019)
- Achieved adherence to voluntary control standard values stricter than environmental laws (wastewater, waste gas)
Social Achievements
- Received certification as a Health & Productivity Management Outstanding Organization (large enterprise category) from the Ministry of Economy, Trade and Industry.
- Increased paid leave acquisition rate to 81.9%
- Launched Swaru-banker™ Long, a new natural enemies biopesticide
- Launched ISK’s first biostimulant product (plant-based)
Governance Achievements
- Established the Multi-Stakeholder Policy
- Introduced transfer-restricted share incentive system for supervisors
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality (net zero emissions) by 2050
Medium-term Goals:
- Reduce CO2 emissions by 30% by 2030 (compared with fiscal 2019)
- Achieve 10% or more female manager ratio by 2030
- Achieve 40% of sales from highly functional, high-value-added products
Short-term Goals:
- Reduce energy intensity by 1% or more per year
- Reduce industrial waste emission rate by 50% or more by 2030 (vs. FY2019)
- Achieve zero workplace accidents by 2023
- Achieve zero lost-time accidents involving commuting employees’ vehicles by 2023
Environmental Challenges
- Rising raw material and fuel costs impacting inorganic chemicals business
- Tightening supply and demand for titanium ore
- Slowdown in the Chinese economy
- Competition with titanium metal manufacturers
- Delay in, or failure to achieve, product approval or registration (agrochemicals and animal health products)
- Revised and stricter laws and regulations
- New entries and intensifying competition
Mitigation Strategies
- Raising product prices
- Reconsidering the business model for inorganic chemicals
- Establishing the Committee for Inorganic Business Restructuring
- Establishing the Organic Production Technology Research Institute
- Expanding sales of high-purity materials for electronic components and electro-conductive materials
- Developing new products
- Procuring feedstock ore in stable and favorable terms
- Reducing waste and equipment maintenance costs
- Creating a roadmap to reduce greenhouse gases
- Taking proper approach to countries’ registration agencies and authorities
- Assessing other companies’ agrochemicals registration and surveying their registration status
- Securing personnel with expertise in highly specialized fields
- Lowering production costs
- Developing new molecule and mixed formulations
Supply Chain Management
Responsible Procurement
- Established ISK Group Policy on Procurement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events such as typhoons and floods
Transition Risks
- Introduction of carbon tax
- Stricter CO2 emission regulations
- Rising raw material prices
- Energy cost fluctuations
Opportunities
- Developing low-environmental impact products
- Strengthening manufacturing systems
- Expanding sales of electronic components and materials that reduce environmental impact
- Creating new technologies and products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: Health & Productivity Management Outstanding Organization
UN Sustainable Development Goals
- Goal 2
- Goal 3
- Goal 9
- Goal 13
- Goal 15
Initiatives contribute to these goals through sustainable agriculture, healthcare, industrial innovation, climate action, and biodiversity protection.
Sustainable Products & Innovation
- HASClayTM
- Various agrochemicals
- PANOQUELL™-CA1
Awards & Recognition
- Health & Productivity Management Outstanding Organization (2023)
- Mie Tokowaka Health Management Company (White Mie) (2023)
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:498511 tCO2e (2023)
Waste Generated:Industrial Waste (Sludge) (Japan, consolidated) data provided in graph (thousand tons CO2)
ESG Focus Areas
- Climate change
- Environmental protection
- Worker safety
- Human rights
- Corporate governance
- Sustainable society contribution
Environmental Achievements
- Reduced GHG emissions (specific figures not provided, but a graph shows a decrease from 2019 to 2023)
- Lower environmental impact titanium dioxide production using chloride process
- Development of environmentally friendly agrochemicals
Social Achievements
- Development of BRENDA™, a canine anti-pancreatitis drug
- Focus on worker safety (frequency rate of lost-worktime injuries and severity rate provided, but no specific achievements mentioned)
- Promoting mutual understanding and cooperation among employees
Governance Achievements
- Maintaining transparency in business activities
- Adhering to high ethical standards
- Promoting communication with local communities and society
- Disclosure of corporate information in a timely and appropriate manner
Climate Goals & Targets
Medium-term Goals:
- Carbon neutrality by 2050
Short-term Goals:
- Achieve operating income greater than ¥19 billion and ROE of 10% or more by 2026 (estimated net sales: Greater than ¥160 billion)
Environmental Challenges
- Climate change
- Resource shortages and food problems
- Urbanization
- Rapid development of IT
- Growth and aging of the global population
Mitigation Strategies
- Investing resources in strengthening development of environmentally friendly products
- Establishing structures to pursue carbon neutrality by 2050
- Pursuing M&As and partnerships, introducing agents from other companies
- Improving production technologies (new research facility opening in December 2025)
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Environmentally friendly agrochemicals
- Lower environmental impact titanium dioxide