Yusen Logistics Co., Ltd
Climate Impact & Sustainability Data (2023-04 to 2024-03)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:1,500,925 tCO2e (location-based) / 1,497,626 tCO2e (market-based)
Scope 1 Emissions:103,354 tCO2e
Scope 2 Emissions:49,743 tCO2e (location-based) / 46,444 tCO2e (market-based)
Scope 3 Emissions:1,347,828 tCO2e (location-based) / 1,013,014 tCO2e (market-based)
Renewable Energy Share:7.45%
Total Energy Consumption:840,456 GJ
ESG Focus Areas
- Climate change
- Energy consumption
- Environmental impacts
- Employee health & safety
- Employee well-being
- Training & development
- Human Rights
- Ethical business practice
- Enterprise risk management
- Supply chain management
Environmental Achievements
- Reduced Scope 1 GHG emissions by 15.3% (FY2023 vs. FY2022)
- Reduced Scope 2 GHG emissions by 8% (location-based) and 13.2% (market-based) (FY2023 vs. FY2022)
- Reduced Scope 3 GHG emissions for air and ocean freight by 9.3% (FY2023 vs. FY2022)
- Implemented electric truck fleet expansion in Thailand
- Increased cumulative installed solar capacity to nearly 4,000 kW
Social Achievements
- Launched a global e-learning course in ESG and Sustainability
- Achieved an 83% employee engagement satisfaction rate in FY2021
- Developed and delivered basic ESG training to over half of its employees
- Issued a global Diversity, Equity and Inclusion (DEI) strategy statement
- Rolled out dedicated DEI e-learning for managers and HR, and another for employees, reaching a 95% completion rate
Governance Achievements
- Established a Compliance Committee
- Established a whistleblowing system
- Implemented the Yusen Logistics Standard to strengthen governance
- Developed a global leadership framework and program
- Introduced a new Incident Management System
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions for all services by 2050
Medium-term Goals:
- Reduce GHG emissions by 45% by 2030 (from a 2022 baseline)
Short-term Goals:
- Improve employee engagement satisfaction rate to 88% in 2024
Environmental Challenges
- Data limitations in GHG emission reporting, particularly for Scope 3
- Availability of EV infrastructure, higher initial costs of EVs, and regional variations in regulatory support for green technologies
- Challenges in delivering onsite training to Gemba Workers located on customer sites
- Potential risks from physical impacts of climate change (extreme weather, sea-level rise, supply chain disruptions) and transitional risks (regulatory changes, market shifts, technological advancements)
Mitigation Strategies
- Ongoing improvement project to enhance the robustness of emissions data
- Pilot programs for electric vehicles and co-financing EV trucks to reduce client investment burden
- Prioritizing sourcing biofuel from strategic suppliers
- Maximizing the use of rail freight
- Partnerships with airlines to integrate Sustainable Aviation Fuel
- Planning to conduct a thorough climate-related risk assessment and implement proactive response measures in FY2024
- Establishing a global policy for waste management in FY2024
- Developing a more detailed survey to evaluate suppliers on ESG aspects in FY2024
- Preparing a new Supplier Code of Conduct with NYK in FY2024
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Assessment process to ensure supplier reliability and social responsibility
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Sea-level rise
- Supply chain disruptions
Transition Risks
- Regulatory changes
- Shifts in consumer preferences
- Technological advancements
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI Standards (2021)
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 13485, EcoVadis Silver Medal
Sustainable Products & Innovation
- Electric vehicle fleet expansion
- Sustainable Aviation Fuel integration