MIURA CO., LTD.
Climate Impact & Sustainability Data (2023, FY2020-FY2024)
Reporting Period: 2023
Environmental Metrics
Scope 1 Emissions:3,922 tCO2 (target by 2030)
Scope 2 Emissions:3,549 tCO2 (target by 2030)
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced Scope 1 emissions to 3,922 tCO2 by shifting marketing focus to gas-powered boilers to reduce CO2 emissions resulting from operating tests of equipment conducted in a factory
- Reduced Scope 2 emissions to 3,549 tCO2 by streamlining operations, switching to equipment of greater energy-saving performance, and purchasing electricity generated from renewable energy sources and non-fossil fuels
Governance Achievements
- Established an institutional arrangement for the Group's climate-change policies and initiatives, overseen by the Board of Directors.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2050 for Scope 1 and 2 emissions
Short-term Goals:
- Reduce Scope 1 and 2 emissions by 50% and 40% respectively by 2030
Environmental Challenges
- Restrictions on the use of fossil fuels
- Advances in low-carbon technology
- Change in energy mix
- Carbon taxation and other forms of tax hikes
- Slowdown in the growth of industries that rely on fossil fuels or a radical shift to a carbon-free economy
- Climate-induced risks of water scarcity
- Emerging technologies for mitigating climate change making legacy technologies obsolete
- More intense extreme weather events
- Rising average annual temperature
- Surging demand for metal resources creating shortages and driving up prices
- Devastating natural disasters causing severe damage to factories and offices
- Disruption in parts delivery from suppliers
Mitigation Strategies
- Conducting scenario analysis to identify significant climate-related risks and opportunities and assess their financial impacts.
- Developing carbon-free technology solutions
- Making the best use of legacy technology solutions to assist business customers in achieving greater energy-saving performance
- Assisting business customers in switching to low-carbon fuels and equipment
- Offering business customers heat pumps and heat-recovery compressors
- Developing technology for hydrogen-powered equipment
- Partnering with other companies to offer upgraded carbon-free solutions
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- More intense extreme weather events
- Rising average annual temperature
Transition Risks
- Restrictions on the use of fossil fuels
- Advances in low-carbon technology
- Change in energy mix
- Carbon taxation
- Slowdown in the growth of industries that rely on fossil fuels
Opportunities
- Growing demand for energy-efficient, low-carbon equipment
- Growing demand for boilers running on renewable energy
- Growing demand for water-treatment equipment
- Increased sales of hydrogen-powered boilers
Reporting Standards
Frameworks Used: TCFD
Sustainable Products & Innovation
- Hydrogen-powered equipment
- Heat pumps and heat-recovery compressors
- Carbon-free solutions
Reporting Period: FY2020-FY2024
Environmental Metrics
Total Carbon Emissions:19860000
Scope 1 Emissions:3197.7
Scope 2 Emissions:5949.7
Scope 3 Emissions:10713000
Waste Generated:168.3
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced Scope 1 and 2 CO2 emissions from 24,753 t-CO2 in FY2020 to 19,860 t-CO2 in FY2024.
- Improved waste recycling rate from 83.6% in FY2020 to 80.1% in FY2024.
Social Achievements
- Increased percentage of employees who took regular company health checkups.
- Improved employee engagement survey scores from 49.6 in FY2024.
Governance Achievements
- Maintained high attendance rates at board meetings.
- Conducted compliance training for employees.
Climate Goals & Targets
Environmental Challenges
- Reducing Scope 1, 2, and 3 emissions.
- Maintaining high employee engagement.
Mitigation Strategies
- Implementing various environmental initiatives.
- Conducting employee engagement surveys and implementing improvements based on feedback.