HOKURIKU ELECTRIC INDUSTRY CO., LTD
Climate Impact & Sustainability Data (2022-06 to 2024-03)
Reporting Period: 2022-06 to 2024-03
Environmental Metrics
ESG Focus Areas
- Climate Change (Decarbonization)
- Employee Engagement
- Product Development
- Sustainability Management
- Compliance System
Environmental Achievements
- 46% reduction of CO2 emissions target by FY2030
Social Achievements
- Increasing ratio of female management staff (specific numbers not provided)
Governance Achievements
- Enhancing of risk management and compliance system
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality in 2050
Short-term Goals:
- 46% reduction of CO2 emissions by FY2030
Environmental Challenges
- Growing awareness and needs of decarbonization and environmental protection.
- Labor shortage and rising labor wages due to declining birthrate and aging population, and declining population.
- Decline in growth of developed country, and growth in emerging countries.
- Geopolitical risks such as regional conflicts and trade friction.
- Decline in profitability due to commoditization of products.
- Evolution of digital technologies such as IoT, AI and expansion of DX.
- Transformation of the automobile industry such as electrification of vehicles and autonomous driving.
- Increasing awareness of sustainability such as SDGs and ESG.
Mitigation Strategies
- Strengthening of core business, promoting of product development and commercialization to meet new demand.
- Strengthening of the management based on sustainability efforts.
- Further expansion of new technologies (new products), new customers, and new fields.
- Continued investment in product development and optimization of business portfolio.
- Strengthening of business bases in consideration of BCP and global restructuring of overseas manufactured products.
- Enhancement of corporate governance.
- Accelerating activities toward a sustainable society.