Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety and health
• Product development centered on harmony with society
• Environmental protection
• Community relations
• Corporate governance

Environmental Achievements

• Reduced CO2 emissions to 856 thousand tons, achieving the target ahead of schedule (target: 920 thousand tons or less by fiscal 2021)
• Commenced operations at Hachinohe Eco-Energy Power Station
• Made active use of FSC-certified wood chips and met targets
• Released Bleached Kraft Paper and Margari Light, which are new FSC-certified paper products
• Registered four new environmentally conscious products

Social Achievements

• Revised various personnel systems in consideration of workstyle reform and reviewed training programs with the aim of further improving the performance of human resources
• Launched sales of various food packaging papers that contribute to reducing waste plastic
• Introduced a system of staggered working hours
• Expanded mental health counselling services
• Increased production capacity of speciality filters at the Chinese subsidiary to meet demand

Governance Achievements

• Implemented initiatives based on the Basic Policies on Corporate Governance and held meetings of the Nomination and Remuneration Committee
• Reviewed director and audit & supervisory board member training
• Conducted semiannual risk map reviews and updated risk assessments and evaluations
• Conducted training on backing up information disclosure during emergencies
• Rolled out compliance education on power harassment to all employees

Climate Goals & Targets

Environmental Challenges

• Declining domestic demand for printing and communication paper
• Falling market prices
• COVID-19 pandemic impacting demand for printing and communication paper and imaging media
• Rising cost of raw materials
• Exchange rate volatility

Mitigation Strategies

• Consolidating “defensive” business, maintaining a production system in line with ups and downs in demand while placing workers on furlough
• Focusing on “offensive” aspects of business, such as household and consumer paper and filter-related products
• Strengthening purchasing base of Mitsubishi and Oji brands
• Shifting away from printing paper toward packaging paper
• Advancing shared inter-regional OEM, reducing logistics expenses

Supply Chain Management

Supplier Audits: Regular audits of suppliers to verify document reliability and assess risk related to legally and appropriately managed wood.

Responsible Procurement

• Basic Policy for Procurement
• Policy on Forest Resource Preservation and Nurturing, and on Wood Procurement and Products
• Green Procurement Guidelines

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 26000, GRI's Sustainability Reporting Standards, Environmental Reporting Guidelines (2018 Edition), Ministry of the Environment

Certifications: ISO 14001, FSC® C021528, Eco Rail Mark, ISO 9001

Sustainable Products & Innovation

• Biodegradable inkjet media
• Paper straws
• Bleached Kraft HD FSC®-certified – MX
• barricote® and barrisherpa™ coated packaging paper
• Margari Light FSC®-certified – MX printing paper

Awards & Recognition

• BEM Award (Mitsubishi HiTec Paper Europe)