Iwaki Co., Ltd.
Climate Impact & Sustainability Data (2020-03 to 2022-03)
Reporting Period: 2020-03 to 2022-03
Environmental Metrics
Total Carbon Emissions:2084 t-CO2e (FY2021)
Scope 1 Emissions:279 t-CO2e (FY2021)
Scope 2 Emissions:1805 t-CO2e (FY2021)
ESG Focus Areas
- Climate Change
Environmental Achievements
- Established a Sustainability Committee (April 2022)
- Set greenhouse gas emission reduction targets (October 2022)
- Endorsed TCFD recommendations (December 2022)
Governance Achievements
- Established a Sustainability Committee chaired by the President
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality by 2050
Medium-term Goals:
- 50% reduction in Scope 1 and 2 emissions compared to FY2020 by FY2030
Environmental Challenges
- Potential fall in sales opportunities due to damage to offices from floods and storm surges and supply chain disruptions
- Increased operating costs due to higher electricity prices from renewable energy policies
- Changes in raw material costs due to regulations on plastics and recycling
- Fall in demand for pumps due to optimization of parts in semiconductor manufacturing
- Client companies demanding decarbonization and associated costs
- Damage to own facilities and supply chain from severe weather events
Mitigation Strategies
- Carbon pricing for GHG emissions (Scope 1 and 2)
- Proactive use of renewable energy sources
- Reduce electricity consumption by installing energy-saving equipment
- Strengthen multi-company purchasing
- Recycling activities for waste
- Consider recycling products and parts
- Promote development of decarbonized products and technologies
- Reduce risks associated with decarbonization and streamlining of in-house manufacturing processes
- Consider Scope 3 calculation and SBT certification
- Consider sustainable procurement
- Develop and provide products that contribute to decarbonization
- Review and reinforcement of business continuity plans (BCP)
- Provide and promote products related to environmental measurements
- Promote the effectiveness of our products in new energy fields
- Develop products and new technologies that contribute to decarbonization
- Appropriately disclose the energy-saving performance of our products
Supply Chain Management
Responsible Procurement
- Strengthen multi-company purchasing
- Consider sustainable procurement
Climate-Related Risks & Opportunities
Physical Risks
- Floods
- Storm surges
- Severe typhoons
Transition Risks
- Carbon pricing
- Renewable energy policies
- Regulations on plastics and recycling
- Changes in manufacturing processes
- Client demand for decarbonization
Opportunities
- Increased demand for environmental measurements
- Increased demand for pumps in fuel cells and secondary batteries
- Increased demand for pumps in renewable energy and energy-saving technologies
Reporting Standards
Frameworks Used: TCFD
Sustainable Products & Innovation
- Decarbonized (energy-saving and resource-saving) products
- Products related to environmental measurements