Climate Change Data

MEIKO NETWORK JAPAN Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:3,574 tons (Scope 1 and 2, FY2022)

ESG Focus Areas

  • Climate change
  • Environmental issues
  • Human rights
  • Working environment
  • Compliance
  • Diversity and Inclusion
  • Sustainability

Environmental Achievements

  • Continued promotion of LED lighting in schools and other measures; Group-wide greenhouse gas reduction target of 10% reduction by 2030 compared to FY2022 (3,574 tons) and virtually zero by 2050.

Social Achievements

  • Introduced childcare leave and shortened working hours system; Promoting diversity and inclusion; Actively promoting mid-career recruitment to managerial positions; Working to create a work environment where female employees can work enthusiastically and continuously; Providing high-quality education without distinguishing between men and women.

Governance Achievements

  • Established Sustainability Committee and Sustainability Promotion Office; Established Nomination and Compensation Committee; Strengthened monitoring function of the Board of Directors; Introduced performance-linked stock compensation plan for directors; Established Risk Management Committee and Compliance Committee; Regularly evaluates the effectiveness of the Board of Directors.

Climate Goals & Targets

Long-term Goals:
  • Virtually zero greenhouse gas emissions by 2050
Medium-term Goals:
  • 10% reduction in greenhouse gas emissions by 2030 (Scope 1 + Scope 2)

Environmental Challenges

  • Wage disparity between men and women; Low ratio of managers in their 30s or younger; Risk of deterioration in profitability due to stricter environmental laws and regulations; Risk of increased damage to classrooms and facilities due to climate change; Risk of increased energy costs due to extreme weather.
Mitigation Strategies
  • Setting targets to measure and improve active participation of women and utilization of diverse human resources; Actively promoting mid-career recruitment; Developing educational materials that reduce environmental impact; Strengthening DX initiatives; Promoting paperless educational materials and communication with customers; Established risk management system centered on the Risk Management Committee and the Compliance Committee.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Increased frequency of damage to classrooms and facilities due to typhoons and floods; Increased occurrence of infectious diseases; Soaring energy costs due to extreme weather
Transition Risks
  • Deterioration in profitability due to stricter environmental laws and regulations; Increased capital expenditures for energy efficiency improvements.
Opportunities
  • Strengthening of DX initiatives; Development of tailored services; Promotion of paperless educational materials.

Reporting Standards

Frameworks Used: TCFD