Climate Change Data

愛知時計電機株式会社

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:4,136 tCO2e/year
Total Energy Consumption:3,756 kL (crude oil equivalent)/year
Water Consumption:47,000 m3/year
Waste Generated:74.4 tons/year (plastic waste)

ESG Focus Areas

  • Climate Change
  • Human Capital Management
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by 61.6% from 2013 to 2023
  • Established a natural area at the Okasaki factory
  • Published a carbon footprint declaration for LP gas meters
  • Eliminated individual plastic bag packaging for LP gas meters

Social Achievements

  • Achieved 100% female and 72.7% male parental leave rates in 2023
  • Certified as a Health and Wellbeing-Promoting Company for four consecutive years
  • Implemented engagement surveys to improve employee engagement
  • Established a human rights division within the Sustainability Committee

Governance Achievements

  • Increased the effectiveness of the Board of Directors through external assessments
  • Appointed a second female outside director in 2024
  • Enhanced internal control systems
  • Improved information disclosure

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050
Medium-term Goals:
  • Achieve 60 billion yen in sales by fiscal year 2026
  • Achieve an ROE of 8% by fiscal year 2026
  • Increase dividend payout ratio to 40% during the medium-term plan period
  • Achieve 30% average female ratio in new graduate recruitment (general employees) over three years
Short-term Goals:
  • Increase the number of connected meters in the Aichi Cloud service to 2 million by March 2027
  • Improve employee engagement score by 0.1 points
  • Increase comprehensive training hours for general employees by 10%

Environmental Challenges

  • Supply chain disruptions due to natural disasters and material shortages
  • Shortage of human resources due to demographic changes
  • Rising energy and material costs
  • Increased expectations for product quality
  • Shifting energy landscape
  • Diversification of customer needs
Mitigation Strategies
  • Developing alternative sourcing strategies and strengthening supply chain resilience
  • Promoting diversity, equity, and inclusion to secure diverse talent
  • Improving productivity through digitalization and workforce optimization
  • Strengthening governance and transparency
  • Continuously improving quality management systems
  • Developing new products for emerging energy markets (hydrogen)
  • Developing and selling digitalized products to acquire new customers

Supply Chain Management

Responsible Procurement
  • Compliance with laws and regulations
  • Emphasis on collaboration and co-prosperity with suppliers
  • Support for suppliers in BCP development and digitalization

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters (typhoons, heavy rain, floods, earthquakes, tsunamis)
Transition Risks
  • Government policies on carbon neutrality
  • Carbon pricing
  • Increased energy and material costs
Opportunities
  • Increased demand for environmentally friendly products
  • New product needs for achieving carbon neutrality

Reporting Standards

Frameworks Used: International Integrated Reporting Framework, Value Co-creation Guidance (METI)

Certifications: ISO 9001, ISO/IEC 27001:2013, JIP-ISMS517-1.0(ISO/IEC 27017:2015)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 13 (Climate Action)

The company's initiatives contribute to these goals through energy efficiency improvements, sustainable product development, and carbon emission reduction.

Sustainable Products & Innovation

  • Lightweight and compact water meters
  • Ultrasonic gas meters

Awards & Recognition

  • Health and Wellbeing-Promoting Company (four consecutive years)