Climate Change Data

Inabata & Co., Ltd.

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:46,421 tCO2e (FY2022)

ESG Focus Areas

  • Environmental Management
  • Climate Change
  • Prevention of Pollution and Resource Circulation
  • Conservation of Water Resources and Biodiversity
  • Environment-related Business
  • Labor Practices
  • Human Resource Development
  • Diversity and Inclusion
  • Occupational Health and Safety
  • Health and Productivity Management
  • Human Rights
  • Supply Chain Management
  • Local Community
  • Social Contribution Activities
  • Corporate Governance
  • Risk Management
  • Information Security
  • Promotion of DX
  • Compliance
  • Anti-corruption

Environmental Achievements

  • Achieved 25% reduction in GHG emissions compared to FY2022 by FY2026 and 42% by FY2030 (Scope 1 and 2)
  • Long-term goal of carbon neutrality by FY2050 (Scope 1 and 2)

Social Achievements

  • Established Inabata Group Human Rights Policy in March 2022
  • Received Kurumin certification in February 2024 for exceptional childcare support
  • Introduced a new job category, the “Challenge” position in 2023 to facilitate advancement of employees
  • Implemented human rights due diligence (DD) in the Company and the Group, including a digital survey and risk identification in businesses

Governance Achievements

  • Transitioned to a company with an audit and supervisory committee in June 2022
  • Majority of the Board of Directors is composed of independent outside directors
  • Established the Sustainability Committee in October 2021
  • Established the Nominating and Remuneration Committee

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by FY2050
Medium-term Goals:
  • Reduce GHG emissions by 42% compared to FY2022 levels by FY2030
  • Achieve KPIs and targets of the Sustainability Medium-term Plan 2026
Short-term Goals:
  • Reduce GHG emissions by 25% compared to FY2022 levels by FY2026

Environmental Challenges

  • Rising costs associated with stricter policies, laws, and regulations for climate change
  • Supply chain disruptions due to natural disasters, infectious diseases, and geopolitical risk
  • Human rights violations in the Company or Group companies
  • Lower productivity and competitiveness due to a decline in employee well-being
  • Lack of corporate governance
  • Compliance violations
  • Inadequate information security measures
  • Insufficient risk management
Mitigation Strategies
  • Promote activities to reduce GHG emissions toward carbon neutrality
  • Introduce renewable energy
  • Disclose information appropriately
  • Expand sales from the environment-related business
  • Acquire sustainability certifications
  • Formulate, revise, and operate business continuity plans (BCPs)
  • Diversify suppliers and outsourcing partners, and decentralize inventories
  • Implement human rights DD
  • Instill the corporate philosophy
  • Strengthen compliance and anti-corruption efforts
  • Raise awareness of the internal whistleblowing system
  • Enhance corporate governance
  • Take thorough measures to ensure information security
  • Tighten risk management

Supply Chain Management

Responsible Procurement
  • Inabata Supply Chain CSR Action Guidelines

Climate-Related Risks & Opportunities

Physical Risks
  • Damage to Company bases and supply chain disruptions due to intensifying extreme weather events
Transition Risks
  • Rising costs associated with stricter policies, laws, and regulations for climate change
  • Lower earnings associated with stricter policies, laws, and regulations and lower consumer demand for petroleum-based plastics
Opportunities
  • Growing demand for renewable energy and batteries
  • Growing demand for products adapted to changing corporate and consumer behavior associated with global warming

Reporting Standards

Frameworks Used: TCFD

Certifications: Kurumin

Awards & Recognition

  • KENKO Investment for Health Outstanding Organizations Recognition Program (2024)