KOEI CHEMICAL COMPANY, LIMITED
Climate Impact & Sustainability Data (2019-04 to 2020-03, 2022-04 to 2023-03)
Reporting Period: 2019-04 to 2020-03
Environmental Metrics
Total Carbon Emissions:2.77 tCO2e/year (2019)
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:20,487 tons/year (2019)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Safety
- Environment
- Quality
- Responsible Care
- Community Engagement
- Employee Well-being
- Sustainability
- SDGs
Environmental Achievements
- Implemented energy-saving projects since 2005, including process improvements, heat recovery, fuel switching, and productivity improvements to reduce energy consumption and CO2 emissions.
- Introduced package boilers, cogeneration systems, and solar power generation; implemented LED lighting.
- Achieved 4,054 days without a work-related injury (as of March 31, 2020).
Social Achievements
- Launched various employee training programs, including technical skills training and globalisation support.
- Established a 'no overtime day' every Friday to reduce overtime work.
- Implemented a super flextime system in October 2019.
- Implemented various health promotion activities, including stretching classes, health checkups, and mental health support programs.
Governance Achievements
- Transitioned from a company with a board of auditors to a company with an audit committee in June 2016.
- Established internal control and risk/compliance committees.
- Implemented measures to prevent insider trading.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce GHG emissions by 15% from 2017 levels by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Potential decrease in demand in upstream areas due to the long-term impact of the COVID-19 pandemic.
- Need for continuous improvement in energy efficiency and CO2 emission reduction despite increasing production.
Mitigation Strategies
- Monitoring trends in durable consumer goods (automobiles) and information/electronic materials related to resins and paints.
- Implementing measures to improve energy efficiency and optimize operations to reduce energy consumption and CO2 emissions.
- Actively pursuing new solutions for GHG emission reduction to meet the 15% reduction target by 2030.
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: ISO 14001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:39,600 tCO2e/year (2022)
Scope 1 Emissions:29,657 tCO2e/year (2022)
Scope 2 Emissions:16,263 tCO2e/year (2022)
Scope 3 Emissions:44,618 tCO2e/year (2022)
Water Consumption:1,858,000 m3/year (2022)
Waste Generated:20,037 tons/year (2022)
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Human Rights
- Responsible Care
Environmental Achievements
- Reduced CO2 emissions by 32% compared to 2013 (Scope 1+2)
- Improved energy consumption per unit by -0.8%
- Decided to introduce solar power generation at Chiba plant (operational from March 2024)
- Supplied CO2 absorption amine compound to Kawasaki Heavy Industries
Social Achievements
- Launched Saradaball Farm, employing people with disabilities
- Increased the percentage of female employees in new graduate recruitment to 40.0% (KPI: 20% or more)
- Increased the employment rate of people with disabilities to 3.6% (KPI: 2.5% or more)
- Implemented employee awareness survey in February 2023
Governance Achievements
- Established Sustainability Committee (advisory committee to the Board of Directors)
- Established Sustainability Promotion Headquarters Meeting (within the management meeting)
- Improved internal control system by reorganizing various committees
- Introduced timely theme audits and spot audits to improve audit level
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2050
Medium-term Goals:
- Achieve 50% reduction in CO2 emissions by 2030 (compared to 2013)
- Achieve 20% share of new product sales by 2024
- Increase the percentage of female employees in new graduate recruitment to 20% or more
Short-term Goals:
- Reduce water consumption
Environmental Challenges
- Geopolitical risks (prolonged war in Ukraine, US-China 'new Cold War') leading to global economic fragmentation and supply chain disruptions
- High inflation and rising interest rates
- Economic slowdown risk
- Climate change issues (rising temperatures, sea temperatures, natural disasters)
- Increased reliance on coal-fired power due to soaring electricity demand
Mitigation Strategies
- Continuously reviewing and strengthening the value creation process
- Contributing with unique technologies to address social issues
- Aiming for a 50% reduction in CO2 emissions by 2030 compared to 2013 and carbon neutrality by 2050
- Developing environmentally friendly ionic liquids for cellulose dissolution
- Strengthening collaboration with Sumitomo Chemical
Supply Chain Management
Responsible Procurement
- Based on Sumitomo Chemical Group's 'Basic Policy on Respect for Human Rights' and 'Policy on Responsible Sourcing of Minerals and Raw Materials'
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Sustainable Products & Innovation
- Environmentally friendly ionic liquids for cellulose dissolution