Climate Change Data

Japan Asia Investment Co., Ltd.

Climate Impact & Sustainability Data (2016-12-31, 2017-03 to 2018-03, 2019-07 to 2019-09, 2020)

Reporting Period: 2016-12-31

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

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2017-03 to 2018-03

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

  • Renewable Energy
  • Healthcare

Environmental Achievements

  • Sold nine renewable energy projects, including large-scale projects; average investment multiple is 1.7
  • Started electricity sales at a biomass power plant (1.99 MW)

Social Achievements

  • Investment in AIP’s nursing care facility development projects
  • Investments in companies focused on STEM education, IoT, and medical devices

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Improve portfolio mix to cover bank loan balance by investments related to projects which are relatively low-risk with high liquidity (reduce bank loans from 11.9 billion yen to 7 billion yen)
  • Increase stable revenues by replacing private equity’s existing portfolio to more lucrative assets based on a new investment policy
  • Increase high FIT price projects by approximately 50 MW
  • Secure profitability at a FIT price level of 20 yen
Short-term Goals:
  • Cover a large portion of SG&A by stable revenues (from approximately 0.5 billion yen to 0.6 billion yen)

Environmental Challenges

  • Unstable revenue structure dependent on capital gains from venture investments
  • Procuring investment capital for unlisted shares with high uncertainty of recovery
  • Lack of stable revenues and financial soundness
  • Financial measures prioritizing repayment
  • Failure to establish large funds and increase fund management operation fees
  • Slow asset accumulation due to the sale of some projects
  • Repayments exceeding revenue reimbursement ability
Mitigation Strategies
  • Shifting investment policy to more lucrative assets based on a new investment strategy to increase stable revenues
  • Reducing contractual repayments
  • Negotiating a review of repayment amounts with financial institutions to secure funds for more aggressive investment activities
  • Weighting investment towards renewable energy, primarily mega solar projects, to secure stable revenue

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • FIT price declines
Opportunities
  • Growth in high FIT price projects

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 3 (Good Health and Well-being)

Investments in renewable energy and healthcare contribute to these goals.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2019-07 to 2019-09

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

  • Renewable Energy
  • Smart Agriculture
  • Healthcare
  • Social Inclusion

Environmental Achievements

  • Three new investments in mega solar projects with a ¥30-level FIT price.
  • Investment in operator of intermediate processing facility for waste materials to be used as fuel for biogas power plants.
  • Renewable energy projects totaling 99.8 MW (56.4 MW attributable to JAIC) as of September 30, 2019, including mega solar, biogas, woody biomass.

Social Achievements

  • Project to build a group home for persons with disabilities started in October 2019.
  • Strategic investments in Morihisa Engineering Co., Ltd. (plant factories), Social Inclu Co., Ltd. (group homes), and Smart Solar Corporation (mega solar projects).

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Expand stable revenue from project oriented investment assets. Increase balance of project oriented investment assets to ¥9.0 billion and unrealized gains to ¥20.0 billion by FY Mar 2021.
  • Replacement of private equity investment assets through early liquidation and monetization.
Short-term Goals:
  • Aim to achieve full-capacity operation and turn profit monthly by end of March 2020 for the vegetable factory.

Environmental Challenges

  • Delay in sale of unlisted shares.
  • Potential underperformance of share sale gains.
Mitigation Strategies
  • Plan to cover potential underperformance of share sale gains with sale of mega solar projects.
  • Aiming to liquidate some of the unlisted shares and non-operating assets in the second half of the fiscal year.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2020

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

  • Renewable energy
  • Smart agriculture
  • Healthcare

Environmental Achievements

  • Increased the number of sales of mega solar projects from 4 to 7 projects

Social Achievements

  • Commenced construction of 3 group homes for persons with disabilities
  • Investment in a project for an aged care facility located in Shinonome, Koto-ku, Tokyo

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Increase balance of project oriented investment assets to ¥9.0 billion
  • Achieve ¥20.0 billion in expected cumulative profits from project oriented investment to be long held
Short-term Goals:
  • Achieve single-month profitability for No. 1 vegetable plant by the end of FY2021

Environmental Challenges

  • Unstable revenue structure heavily reliant on capital gains from venture investment
  • Insufficient financial soundness due to private equity investments financed through borrowings
  • Difficulty securing sufficient investment funds due to repayments exceeding earnings capacity
  • Significant decline in gains on sale of shares compared to the plan
  • Delay in liquidating and monetizing private equity investment assets
Mitigation Strategies
  • Medium-term business plan (3-year plan from FY2019) to sell majority of existing private equity investment assets, use proceeds for project-oriented investment and strategic investment, and accumulate unrealized gains of project-oriented assets.
  • Focus on early liquidizing and monetization of private equity investment assets
  • Sales of projects as a backup plan to cover shortfalls in proceeds from securities sales
  • Promoting project-oriented investment subject to short-term sale (2-3 years) to achieve optimal investment mix for long-term and short-term earnings

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed