Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Human Rights
• Diversity & Inclusion
• Supply Chain Management
• Corporate Governance

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 5.25% in 2021 compared to the previous year.
• Achieved a 97.3% recycling rate at Iwatsu headquarters and domestic factories in 2021.
• Operates Iwatsu Izumizaki Mega Solar Power Plant, contributing to CO2 emission reduction.

Social Achievements

• Implemented stress checks since 2016 and offers health consultations.
• Provides various support systems for employees with child-rearing or caregiving responsibilities.
• Introduced a system for hourly leave in 2021 to promote flexible working styles.

Governance Achievements

• Established an ESG committee to promote and monitor ESG activities.
• Implemented an internal reporting system.
• Operates a risk management committee to identify and mitigate risks.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic.
• Increasing complexity of climate change and social issues.
• Need for further improvement in recycling rates and material recycling.

Mitigation Strategies

• Developed alternative sourcing strategies and implemented measures to mitigate risks.
• Accelerated ESG management by identifying materiality and setting targets for 2030.
• Reviewing the criteria for eco-labels and aiming for improvements in recycling quality.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green procurement
• Compliance with regulations (RoHS, etc.)
• Development of IWATSU Sustainability Procurement Guidelines

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards (2016, 2018, 2019, 2020)

Certifications: ISO 14001, ISO 9001, Privacy Mark

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

The report mentions contributions to 12 out of 17 SDGs, but specific goals are not listed.

Sustainable Products & Innovation

• Energy-efficient products
• Products utilizing recycled materials

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Human Rights
• Supply Chain Management
• Product Quality
• Employee Well-being
• Community Engagement

Environmental Achievements

• Reduced Scope 1, 2, and 3 emissions compared to the previous year.
• Achieved a 1.68% reduction in CO2 emissions in 2022 compared to the previous year.
• Implemented energy-saving measures, including peak power cuts, appropriate air conditioning use, automatic lighting off in unmanned areas, and turning off unused electrical equipment.
• Operates Iwatsu Izumizaki Mega Solar Power Plant, contributing to CO2 emission reduction.
• Installed solar panels on the rooftops of Iwatsu headquarters and Iwatu Manufacturing's Sukagawa plant, contributing to renewable energy use.

Social Achievements

• Established Iwatsu Group Human Rights Policy.
• Developed Iwatsu Group Sustainability Procurement Guidelines.
• Implemented various employee well-being initiatives, including remote work options, flexible work arrangements, and health management programs.
• Conducted stress checks for all employees.
• Implemented various initiatives to promote employee engagement and satisfaction.

Governance Achievements

• Established an ESG committee to oversee sustainability initiatives.
• Implemented a robust internal control system and risk management framework.
• Established an internal reporting system.
• Maintained ISO 9001 and ISO 14001 certifications.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts, including extreme weather events.
• Supply chain disruptions.
• Human rights risks in the supply chain.
• Maintaining high levels of product quality and safety.
• Ensuring employee well-being and work-life balance.

Mitigation Strategies

• Developed and implemented a Science Based Targets initiative (SBTi) aligned GHG reduction plan.
• Developed and implemented a sustainability procurement guideline.
• Implemented various risk mitigation strategies, including disaster preparedness plans and business continuity plans.
• Strengthened internal controls and compliance programs.
• Implemented various employee well-being initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Iwatsu Group Sustainability Procurement Guidelines
• Iwatsu Group Green Procurement Standards

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Natural disasters

Transition Risks

• Strengthened GHG emission regulations
• Changes in energy supply and demand
• Advancement and spread of next-generation technologies

Opportunities

• Increased demand for power electronics measurement equipment due to the spread of electric vehicles and other power semiconductor-using equipment.
• Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 9001, ISO/IEC 27001, JIS Q 15001, FSCⓇ-CoC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Factory DX solutions
• Environmentally friendly printed circuit boards
• Radio wave reflectors

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced Scope 1, 2 emissions by 15.5% (803 tons) compared to 2022 due to subsidiary divestiture and dryer upgrades.
• Improved environmental efficiency index (Scope 1, 2 emissions per 100 million yen of revenue) by 9.21% to 20.58 in 2023 compared to 2022.
• Reduced energy consumption by 7,623 GJ (2,117 MWh) in 2023 compared to the previous year.
• Reduced waste by 14 tons in 2023 compared to 2022, achieving a 96.5% recycling rate.
• Introduced renewable energy through solar panels, reducing CO2 emissions by 62 tons at two sites.

Social Achievements

• Established Iwatsu Group Human Rights Policy in March 2023.
• Implemented e-learning on human rights and business ethics for all employees in 2023.
• Achieved 97.0% e-learning completion rate on human rights and business ethics in 2023.
• Certified as a Health & Wellbeing Management Excellent Company 2024.
• Implemented various initiatives to support employees with childcare and eldercare.

Governance Achievements

• Established an ESG committee chaired by the president to oversee sustainability initiatives.
• Implemented a robust internal control system with no significant deficiencies identified in 2023.
• Established an internal reporting system.
• Obtained ISO 14001, ISO 9001, ISO/IEC 27001, and JIS Q15001 certifications.

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions remain high, accounting for approximately 95% of total CO2 emissions.
• Reducing Scope 3 emissions requires collaboration with suppliers.
• Maintaining high recycling rates while improving the quality of recycling (e.g., shifting from thermal to material recycling).

Mitigation Strategies

• Established the Iwatsu Group Sustainability Procurement Guidelines in January 2023, requiring suppliers to track, reduce, and disclose Scope 1, 2, and 3 emissions.
• Implemented a product assessment and environmental label review to meet Scope 3 emission reduction targets.
• Conducted surveys to prioritize procurement from suppliers meeting sustainability guidelines.
• Developed and implemented energy-saving standards for products and services.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Iwatsu Group Sustainability Procurement Guidelines
• Iwatsu Group Green Procurement Standards

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Strengthening GHG emission regulations
• Changes in energy supply and demand
• Advancement and spread of next-generation technologies

Opportunities

• Development of energy-efficient products
• Increased demand for power electronics measuring instruments due to the spread of electric vehicles

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 9001, ISO/IEC 27001, JIS Q15001, FSCⓇ-CoC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient products
• Products with improved recyclability

Awards & Recognition

• Health & Wellbeing Management Excellent Company 2024