Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Tree planting through the 'Gremz Parts' blog initiative, resulting in 127,976 trees planted by March 2013.
• Contribution to desert greening through NGO donations.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Decarbonization
• Societal needs

Environmental Achievements

• Contribution to energy efficiency through the sale of advanced energy-saving products
• Contribution to building a decarbonized society through the sale of products related to renewable energies, such as photo-voltaic systems and storage batteries

Social Achievements

• Consistently deliver quality service to our customers
• Create a positive work environment leading to a fulfilled and highly motivated workforce

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Losses in Electricity Retailing Business due to surge in market price of electricity in Dec 2020 and Jan 2021

Mitigation Strategies

• Reduced lead time between order receipt and revenue recognition to offset losses (in Q4 FY2021). For FY2022, a conservative forecast is used, premised on a return to regular lead time.
• Increased share of 1-on-1 fixed-price contracts to 70% (from 30-40% in FY2021) to reduce risk of procurement price changes.
• Allocation of human resources to acquire 11,295 new contracts in Electricity Retailing Business for FY2022.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 7 (Affordable and Clean Energy)
• 13 (Climate Action)

Contribution to energy efficiency and decarbonization through product sales.

Sustainable Products & Innovation

• Energy-saving appliances
• Photo-voltaic systems
• Storage batteries

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Decarbonization
• Renewable energy
• Sustainable development
• Social needs

Environmental Achievements

• Contribution to energy efficiency through the sale of advanced energy-saving products
• Contribution to building a decarbonized society through the sale of products related to renewable energies, such as photo-voltaic systems and storage batteries

Social Achievements

• Consistently deliver quality service to our customers
• Create a positive work environment leading to a fulfilled and highly motivated workforce

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Surging fuel and electricity procurement costs negatively impacting the Electricity Retailing business

Mitigation Strategies

• Shifting to a growth strategy with the Energy Cost Solutions business as the center pillar and photovoltaic systems for business use as the main product
• Leveraging our customer base of SMEs to rapidly expand sales of photovoltaic systems
• Viewing the increase in the market price of electricity as a factor for demand expansion for consulting services designed to help customers reduce energy costs

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 7 (Affordable and Clean Energy)
• 9 (Industry, Innovation and Infrastructure)
• 13 (Climate Action)

gremz, Inc.'s initiatives contribute to these goals through the sale of energy-efficient products, renewable energy solutions, and support for a decarbonized society.

Sustainable Products & Innovation

• Photo-voltaic systems
• Storage batteries
• Energy-efficient appliances

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Decarbonization
• Social needs

Environmental Achievements

• Contribution to energy efficiency through the sale of advanced energy-saving products
• Contribution to building a decarbonized society through the sale of products related to renewable energies, such as photo-voltaic systems and storage batteries

Social Achievements

• Consistently deliver quality service to our customers
• Create a positive work environment leading to a fulfilled and highly motivated workforce

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Risks from procurement fluctuations in the Electricity Retailing Business due to external factors related to the market price of electricity

Mitigation Strategies

• Adequately hedge risk in the Electricity Retailing Business to build a stable recurring profit base

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD (Task Force on Climate Related Financial Disclosures)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Photo-voltaic systems and storage batteries

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Society
• Governance

Environmental Achievements

• Contribute to the improvement of energy efficiency through the sale of advanced energy-saving products.
• Contribute to building a decarbonized society through the sale of products related to renewable energies, such as photo-voltaic systems and storage batteries.

Social Achievements

• Aim to continue progressing alongside society through the provision of products and services attuned to the needs of society.

Governance Achievements

• Assumed a Board of Directors structure consisting of at least 1/3 outside directors (1 female) to ensure that Company directors execute management functions in an adequate manner.
• gremz’ Compliance and Risk Management Committees assess and manage key management challenges.

Climate Goals & Targets

Environmental Challenges

• Decrease in the market price of electricity leading to a YoY decrease in overall net sales.

Mitigation Strategies

• Thorough execution of risk-hedging measures in the Electricity Retailing (ER) Business.
• Applied a proprietary cost adjustment system to all clients, consisting of the cost pass-through of a portion of the procurement costs from wholesale exchanges.
• Offset risk through 1-on-1 individual contract agreements.
• Utilizing hedging transactions in order to reduce the impact of soaring procurement prices

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

• Photo-voltaic systems
• Storage batteries
• Energy-efficient appliances

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Decarbonization
• Social needs

Environmental Achievements

• Contribution to energy efficiency through the sale of advanced energy-saving products
• Contribution to building a decarbonized society through the sale of products related to renewable energies, such as photo-voltaic systems and storage batteries

Social Achievements

• Consistently deliver quality service to our customers
• Create a positive work environment leading to a fulfilled and highly motivated workforce

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• photo-voltaic systems and storage batteries

Awards & Recognition

• Not disclosed