Climate Change Data

Meidensha Corporation

Climate Impact & Sustainability Data (2011-2014, 2019-2023, 2021, 2021-2024, 2022)

Reporting Period: 2011-2014

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Demand Response

Environmental Achievements

  • Reduced CO2 emissions by approximately 20% at Yokohama World Porters through the introduction of a smart energy system.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Need for efficient energy management and demand response capabilities in the face of increasing renewable energy integration and the need for power system stabilization.
Mitigation Strategies
  • Developed and implemented a smart energy management system (EMS) incorporating smart BEMS, distributed energy resources, and energy storage systems.

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

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

The smart energy system contributes to these goals through reduced CO2 emissions and improved energy efficiency.

Sustainable Products & Innovation

  • Smart BEMS
  • Smart FEMS

Awards & Recognition

  • Not disclosed

Reporting Period: 2019-2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Carbon Neutrality
  • Green Transformation (GX)
  • Sustainable Growth

Environmental Achievements

  • SBT certification obtained in April 2021 for greenhouse gas emission reduction targets aligned with the Paris Agreement.
  • Launched a project in April 2023 to expand sales of eco-friendly green products, including Eco C-GIS, Eco Transformer, and Eco Distribution Board.

Social Achievements

  • Not disclosed

Governance Achievements

  • Endorsed the GX League Basic Concept in 2022 and officially joined on June 5, 2023.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality, or net zero, in its business activities by 2050.
Medium-term Goals:
  • Cut greenhouse gas emissions during the products’ use (Category 11, Scope 3) by 15 percent by fiscal 2030 (compared with fiscal 2019).
Short-term Goals:
  • Cut greenhouse gas emissions associated with business activities (Scope 1 and 2) by 30 percent in fiscal 2030 (compared with fiscal 2019).

Environmental Challenges

  • Achieving carbon neutrality by 2050.
Mitigation Strategies
  • Setting targets to cut greenhouse gas emissions by 30% (Scope 1 and 2) and 15% (Category 11, Scope 3) by fiscal 2030 (compared with fiscal 2019).
  • Accelerating efforts to realize carbon neutrality through the use of renewable energy and improving products’ energy-saving capability.

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: Science-Based Targets initiative (SBTi)

Certifications: SBT certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Eco C-GIS, Eco Transformer, Eco Distribution Board

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Carbon Neutrality
  • Green Transformation (GX)

Environmental Achievements

  • Received SBT certification in April 2021 for its 2030 emissions reduction target.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality in its business activities by 2050.
Medium-term Goals:
  • Reduce emissions from product use (Category 11, Scope 3) by 15 percent in fiscal 2030.
Short-term Goals:
  • Cut greenhouse gas emissions (Scope 1 and 2) by 30 percent over fiscal 2019 by fiscal 2030.

Environmental Challenges

  • Achieving carbon neutrality by 2050
Mitigation Strategies
  • Setting a target of cutting greenhouse gas emissions (Scope 1 and 2) by 30 percent over fiscal 2019 by fiscal 2030.
  • Aiming to reduce emissions from product use (Category 11, Scope 3) by 15 percent in fiscal 2030.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Targets (SBT) initiative

Certifications: SBT certification

Reporting Period: 2021-2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Diversity and Inclusion
  • Innovation
  • Sustainability

Environmental Achievements

  • Achieved GHG emissions reduction targets for FY2021 (Scope 1 and 2; compared to FY2019) thanks to introduction of renewable energy

Social Achievements

  • Review systems and improve workplace environments to improve employee engagement through employee NPS® and employee surveys
  • Upgrade general affairs equipment to improve factory workplace environments

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Scheduling delays due to covid-19 and rising material prices
  • Delayed progress in overseas Power T&D business, mainly in India and Vietnam, due to impacts from the pandemic
  • Delayed progress in new ozone business
  • Stagnation in the Mobility & Electrical Components business and Railways business
  • Soaring raw material prices and prolonged component delivery times
  • Major slowdown in Mobility T&S business
  • Spread of COVID-19; Geopolitical risks
Mitigation Strategies
  • Strive to minimize scheduling delays
  • Improve earnings power of key overseas locations (India, Vietnam, US, and Germany), partially reorganize locations in ASEAN and China
  • Introduce fixed cost countermeasures (personnel reshuffling) and business structural reforms to counter low factory operations rates
  • Reinforce financial structure of overseas subsidiaries (Reinforce asset and CF management)
  • Strengthen corporate governance (Strengthen security export control, etc.)
  • Acquire and develop local management personnel

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

  • Renewable energy products

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Renewable Energy
  • Carbon Neutrality
  • Sustainability

Environmental Achievements

  • Acquisition of a small hydroelectric power plant in Hiroshima Prefecture to expand renewable energy generation.

Social Achievements

  • Agreement with Shobara city government to use power plant electricity for disaster relief, providing energy for evacuation shelters.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Become a comprehensive provider of hydropower generation to realize carbon neutrality in 2050.
Medium-term Goals:
  • Expand renewable energy-related business to help attain carbon neutrality (by fiscal 2024).
Short-term Goals:
  • Overhaul and restart the Eikane Power Plant by the first half of fiscal 2025.

Environmental Challenges

  • Aging hydroelectric power plants needing renovation.
Mitigation Strategies
  • Overhauling the Eikane Power Plant by renewing all its equipment by the end of fiscal 2024.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Expanding renewable energy generation.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

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

Expanding renewable energy generation contributes to achieving carbon neutrality and sustainable development.

Sustainable Products & Innovation

  • Hydroelectric power generation equipment

Awards & Recognition

  • Not disclosed