Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Recycling
• Product Development
• Stable Product Supply
• Employee Engagement
• Inclusion
• Community Engagement

Environmental Achievements

• Reduced CO2 emissions by approximately 170,000 tons through the sale of eco-products (Eco Trays, Eco APET, and Eco OPET) compared to manufacturing from virgin materials.
• Achieved a 30% reduction in CO2 emissions for Eco Trays compared to trays made from crude oil; aiming to increase this to 37% with the addition of solar power generation.
• Collected approximately 91,400 tons of used containers and PET bottles for recycling.
• Operated solar power generation facilities in Kanto and Chubu areas, with plans to begin operation in Kansai in March 2024.

Social Achievements

• Launched the FP Corp. Environment Fund, subsidizing 33 organizations addressing environmental problems.
• Maintained 100% participation rate of female employees in childcare leave and strongly encouraged male employees to take childcare leave.
• Engaged in floor hockey activities with 540 employees (including 181 with disabilities), promoting inclusion.
• Increased the wage level for employees working in production and logistical operations by 10.7% on average in April 2023.

Governance Achievements

• Established an Audit and Supervisory Committee composed of independent outside directors to supervise management.
• Established a Judicial Affairs & Compliance Department to promote legal compliance and conduct compliance-related education and training.
• Implemented a risk management system, including regular risk surveys and emergency preparedness measures.

Climate Goals & Targets

Environmental Challenges

• Soaring material prices and electricity rate hikes.
• Labor shortages, particularly for truck drivers.
• Need to expand recycling capabilities to include colored and patterned trays.

Mitigation Strategies

• Revised prices to reflect increased costs.
• Increased wages and annual holidays for manufacturing and logistics employees.
• Investing in automation and robotics to address labor shortages.
• Conducting joint research to develop a technology for recycling colored and patterned trays back into trays (aiming for practical application in 2025).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• CSR Procurement Policy; ensuring materials are procured in socially conforming manners and that suppliers comply with laws and regulations.

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (power outages, etc.)

Transition Risks

• Growing demand for reducing CO2 emissions throughout the entire supply chain.
• Changes in regulations related to environmental protection.

Opportunities

• Expanding the procurement of recycled raw materials
• Expanding the sale of eco-friendly products
• Utilizing renewable energies
• Establishing new recycling methods

Reporting Standards

Frameworks Used: TCFD, GRI Standards, IIRC Framework

Certifications: Eco Mark, FSSC 22000 (22 facilities), MONISU (FPCO Ducks Co.)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 8 (Decent Work and Economic Growth)
• Goal 11 (Sustainable Cities and Communities)
• Goal 17 (Partnerships for the Goals)

Various initiatives contribute to these goals through CO2 emission reduction, recycling, sustainable product development, employee engagement, inclusion, and community engagement.

Sustainable Products & Innovation

• Eco Tray
• Eco APET
• Eco OPET
• Lightweight products with reduced plastic usage
• Containers for frozen food
• Stack & Connect design containers
• Oil-resistant transparent containers
• Paper products

Awards & Recognition

• Diversity & Inclusion Award (Minister of the Environment)
• Award for Global Warming Prevention Activity (FY2015)
• Gold prize in the first Eco Mark Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Recycling
• Stable Product Supply
• Employee Engagement
• Inclusion
• Corporate Governance
• Community Engagement

Environmental Achievements

• Reduced CO2 emissions from the use of Eco Products to approximately 202,000 tons in FY2024.
• Increased CO2 reduction effect of Eco Tray to 37% (starting July 1, 2024) due to solar power generation at Kansai Plant and Kansai Hub Center.
• Expanded FPCO Method Recycling to approximately 10,680 collection points.
• Introduced a new sorting system at Nishinomiya Sorting Plant, increasing the amount of containers sorted per worker by 1.5 times.
• Developed Japan’s first technology for molding low-foamed PS, reducing container weight by 60%.

Social Achievements

• Improved employee engagement through initiatives like the One-on-One Leader System, increased annual holidays, and Waigaya Meetings.
• Increased disability employment rate to 12.6% (393 employees with disabilities).
• Introduced a male childcare leave program.
• Supported employment of 760 people with disabilities at 53 facilities of business partners.
• Received the Eruboshi Certification (Stage 2) for promoting women's participation in the workplace.

Governance Achievements

• Established a Judicial Affairs & Compliance Department.
• Implemented the FPCO Group Action Charter and FPCO Normative Rules for Compliance.
• Conducts internal audits every two years.
• Established Risk Management Rules and actively manages risks.
• Selected by CDP as one of the companies in the Climate Change A List 2023.

Climate Goals & Targets

Environmental Challenges

• Addressing the 2024 logistics problem (driver shortage and overtime limits).
• Growing demand for reducing plastic usage.
• Labor shortages in manufacturing and other areas.

Mitigation Strategies

• Established Kansai Plant and Kansai Hub Center to reduce transportation distances and driver workload.
• Developed products compatible with automated packing machines and process centers.
• Developed low-foamed PS and cold-resistant PPiP-talc materials to reduce plastic usage.
• Implemented automation in production plants using robots.
• Improved the accuracy of production and logistics plans using AI.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• CSR Procurement Policy
• Selection of suppliers based on social credibility, compliance, and environmental considerations.

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Growing demand for reducing CO2 emissions

Opportunities

• Development of energy-efficient products and recycling technologies.

Reporting Standards

Frameworks Used: TCFD, IIRC Framework

Certifications: Eco Mark, FSSC 22000 (25 facilities), Eruboshi Certification (Level 2)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 8 (Decent work and economic growth)
• Goal 11 (Sustainable cities and communities)

Various initiatives contribute to these goals through reduced emissions, increased recycling, sustainable product development, employee well-being, and community engagement.

Sustainable Products & Innovation

• Eco Tray
• Eco APET
• Eco OPET
• Low-foamed PS containers
• Cold-resistant PPiP-talc containers

Awards & Recognition

• CDP Climate Change A List 2023
• Supplier Engagement Leader in CDP Supplier Engagement Rating
• FTSE4Good Index Series constituent (5 consecutive years)
• Constituent of five of six GPIF ESG indexes
• Eco First Company certification
• Best Workplace in D&I Award
• Sports Yell Company certification