HOGY MEDICAL CO., LTD
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Replaced 85.3% of company vehicles with hybrid cars
- Reduced plastic material use by more than 20 tons by changing packaging materials to paper
Social Achievements
- Launched SuReFInD®, a minimally invasive treatment product with positive doctor feedback
- Launched Weaps in fiscal year 2022, developed based on close surveys with doctors
- Supported the regular publication of the Japanese edition of “The AORN journal”
Governance Achievements
- Established a voluntary nominating committee and a compensation committee
- Established a Risk Management Group
- Introduced a restricted stock unit plan to link director compensation to shareholder profits
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Increase percentage of female managers to 10% or higher by 2030
- Reduce GHG emissions and develop environmentally friendly products by 2030
Short-term Goals:
- Increase percentage of female managers to 7% by 2025
- Increase percentage of male employees taking childcare leave to 30% by 2025
- Launch 7-10 additional R-SUD products within the next three years
Environmental Challenges
- Rising cost of goods due to weak yen and soaring raw material prices
- Depreciation expenses from commissioning of Stage 2 of new surgical kit plant
- Labor shortages in the healthcare sector
- High turnover rate of healthcare workers
- Supply chain disruptions caused by natural disasters and geopolitical events
Mitigation Strategies
- Boosting sales of the “Premium Surgical Kit”
- Reducing expenses by cutting costs and improving productivity
- Increasing production volume and efficiency for Premium Surgical Kit through plant expansion
- Promoting in-house production and improving productivity at P.T. Hogy Indonesia
- Developing alternative sourcing strategies
- Implementing automation to increase efficiency at P.T. HOGY Indonesia
Supply Chain Management
Responsible Procurement
- Green procurement of office supplies
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- R-SUD business
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 9: Industry, Innovation and Infrastructure
- Goal 12: Responsible Consumption and Production
HOGY Medical contributes to these goals through its products and initiatives focused on medical safety, efficiency, and sustainability.
Sustainable Products & Innovation
- Premium Surgical Kit
- SuReFInD®
- Weaps
- R-SUD products