Climate Change Data

Mizuno Corporation

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Human Rights and Responsible Procurement

Environmental Achievements

  • Acquired SBTi (Science Based Targets initiative) certification in April 2024, aiming for a 50.4% reduction in Scope 1 and 2 greenhouse gas emissions by 2030 (compared to 2018).

Social Achievements

  • Continued efforts to promote women's advancement, aiming for a 10% female representation in management positions by the end of FY2025.
  • Introduced employee engagement platform (Qualtrics) to monitor employee engagement levels and improve organizational vitality.
  • Various initiatives for work-life balance, including childcare support, re-entry program, and flexible work arrangements.

Governance Achievements

  • Strengthened sustainability governance structure with the CEO ultimately responsible for sustainability issues. The Sustainability Promotion Committee (MIZUNOCREW21) reports to the Board of Directors.
  • Established a risk management committee chaired by the CEO to oversee all aspects of risk management, including ESG risks.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050.
Medium-term Goals:
  • Achieve a 10% or higher ROA (Return on Assets) and ROE (Return on Equity) by FY2026.
Short-term Goals:
  • Increase the percentage of women in management positions to 10% by the end of FY2025.
  • Increase the percentage of mid-career hires in management positions to 20% by the end of FY2025.

Environmental Challenges

  • Negative impacts from currency fluctuations (yen depreciation), rising international shipping costs, and supply chain disruptions.
  • Risks associated with global business expansion, including unpredictable legal and regulatory changes, political and social instability, and geopolitical risks.
  • Potential risks related to product defects, environmental concerns, rising raw material prices, intellectual property protection, and compliance with regulations.
  • Securing and developing talent.
Mitigation Strategies
  • Risk management committee chaired by the CEO to identify, assess, and mitigate risks.
  • Risk hedging measures such as forward exchange contracts to minimize the impact of currency fluctuations.
  • Product liability insurance to cover potential lawsuits and compensation claims.
  • Environmental management system (EMS) based on ISO 14001 to address environmental challenges.
  • Diversification of production bases and procurement sources.
  • Active pursuit of intellectual property rights.
  • Robust internal control system to ensure compliance with regulations.
  • Focus on talent development and employee engagement to improve retention.

Supply Chain Management

Supplier Audits: 35 factories audited in FY2023 (34 Tier 1, 1 Tier 2)

Responsible Procurement
  • Mizuno CSR Procurement Code of Conduct
  • 100% CSR pre-evaluation of new supplier candidates.

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters (floods, typhoons)
Transition Risks
  • Regulatory changes
Opportunities
  • Development of environmentally friendly products and climate change adaptation products.

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001

Third-party Assurance: EY ShinNihon LLC

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Environmentally friendly products and climate change adaptation products.

Awards & Recognition

  • Not disclosed