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)