Climate Change Data

Shindengen Electric Manufacturing Co., Ltd.

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:78,425 t-CO2 (FY2022)
Scope 1 Emissions:6,941 t-CO2e/year (FY2022)
Scope 2 Emissions:71,483 t-CO2e/year (FY2022)
Scope 3 Emissions:1,280,666 t-CO2e/year (FY2022)
Renewable Energy Share:7.1% (FY2022)
Total Energy Consumption:145,010 MWh (FY2022)
Water Consumption:1,809,000 m3 (FY2022)
Waste Generated:5,682 tons (FY2022)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by 16.5% compared to the base year (FY2013) in Japan.
  • Achieved a 19.19% improvement in crude oil equivalent energy intensity over FY2020 in Japan.
  • Asaka Office uses 100% non-fossil certificate CO2-free power.
  • Reduced CO2 emissions by approximately 1,550t-CO2 through the introduction of CO2-free power in domestic Group companies.

Social Achievements

  • Improved employee turnover rate to 1.9% in FY2022.
  • Increased percentage of men taking childcare leave to 44.4% in FY2022.
  • Achieved 100% reinstatement rate following childcare leave.
  • Implemented flextime system permanently from January 2021.
  • Asaka Office, Shindengen Three E, and Okabe Shindengen Co., Ltd. certified by Saitama Prefecture as companies practicing diverse workstyles.

Governance Achievements

  • Established a Sustainability Committee chaired by the President.
  • Established a Nomination and Compensation Committee.
  • Upgraded whistleblower systems in line with revisions of the Fair Whistleblower Protection Act.
  • Moved to the Tokyo Stock Exchange Prime Market in April 2022.

Climate Goals & Targets

Long-term Goals:
  • Achieve Environmental Vision 2050: Decarbonization, a recycle-oriented society, and a society in harmony with nature.
Short-term Goals:
  • Reduce CO2 emissions by 800,000t-CO2 or higher by FY2024.

Environmental Challenges

  • Increase in work-related accidents (occupational and commuting) in FY2022.
  • Need to further reduce Scope 3 CO2 emissions.
  • Need to increase the percentage of female new graduate recruits to 30%.
Mitigation Strategies
  • Thorough risk assessment to reduce work-related accidents.
  • Setting a new target of a 25% reduction in Scope 3 CO2 emissions by the end of FY 2030 compared to FY 2021.
  • Implementing action plan regarding the Act on Women’s Promotion to increase the number of women hired and expand the areas in which female employees are active.

Supply Chain Management

Supplier Audits: Annual evaluations of suppliers

Responsible Procurement
  • Green procurement
  • Compliance with laws and social norms
  • Exclusion of conflict minerals
  • Declaration of Partnership Building

Climate-Related Risks & Opportunities

Physical Risks
  • Intensified abnormal weather (storms, floods)
  • Floods or droughts
  • Power outages due to heatwaves
Transition Risks
  • Progressive energy policies increasing business costs
  • Policies banning internal combustion engines
  • Carbon tax
  • Intensified competition in energy-related technologies
Opportunities
  • Increased demand for power semiconductors, control units, converters, EV chargers, and environmentally friendly products due to decarbonization.
  • Increased demand for products related to generating and storing energy in preparation for and recovery from storm and flood damage.

Reporting Standards

Frameworks Used: ISO 26000, GRI, Environmental Reporting Guidelines 2012 (Ministry of the Environment of Japan), Environmental Accounting Guidelines 2005 (Ministry of the Environment of Japan)

Certifications: ISO 14001, ISO 45001, IATF 16949, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 11
  • SDG 13

Initiatives contribute to these goals through energy efficiency improvements, responsible labor practices, business continuity management, and climate change mitigation.

Sustainable Products & Innovation

  • IC series
  • Low-loss bridge diodes
  • DC-DC converters for four-wheel vehicles
  • EV/PHEV chargers
  • MF2003SV IC V-Diode™

Awards & Recognition

  • Prime Minister Road Safety Award (Lumphun Shindengen)
  • Best Collaborator Award (Shindengen Philippines)
  • Silver merit medal from Japanese Red Cross Society (Akita Shindengen)
  • FY 2022 Good Design Award (Shindengen Asaka Office)