Climate Change Data

Fuji Seal International, Inc.

Climate Impact & Sustainability Data (2022, 2023-04 to 2024-03)

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:3.5% of total electricity consumption in 2022
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Supplier Management
  • Diversity, Equity & Inclusion (DE&I)
  • Circular Economy
  • Human Capital
  • Intellectual Property
  • Information Security
  • Sustainable Supply Chain
  • Corporate Governance

Environmental Achievements

  • Received a Gold Rating from EcoVadis in 2022 (top 5% of all companies rated).
  • Introduced a new shrink tunnel, "Vapor," reducing energy and water consumption.
  • Increased renewable energy use in several factories (Germany, Thailand, Vietnam, Kentucky, Yamagata, Tokyo).
  • Developed RecShrink™ labels recyclable with PET bottles.
  • Developed liner-less PSLs to reduce waste.
  • Commercialized foundation packing made from recycled pouch manufacturing waste.

Social Achievements

  • Established a new DE&I policy and global DE&I committee.
  • Launched Value Seminars to promote company values.
  • Continued Global High Potential program.
  • Conducted executive leadership programs at Vlerick Business School.
  • Launched FSI Challenge for High Potentials to improve lead times.

Climate Goals & Targets

Long-term Goals:
  • Net-zero GHG emissions by 2050.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Achieve sales of 3 billion yen in new fields by 2025.
  • Increase the percentage of environmentally friendly products.

Environmental Challenges

  • Slow response to rising material, utility, and logistics costs.
  • Difficulty balancing strong individuals and an infallible organization.
  • Meeting numerical targets in the Medium-Term Management Plan.
  • Slow response to changes.
  • Profitability issues in Europe and ASEAN regions.
  • Maintaining stock price trend.
  • Negative image of plastics among younger generation.
Mitigation Strategies
  • Raising awareness of the value of responsible manufacturing.
  • Improving the working environment (factory renovations).
  • Speeding up response to various situations (reducing time to consensus, shortening process for resale products).
  • Structural reforms in Europe to recover profitability.
  • Focusing on solutions matching market needs in Europe.
  • Active investment and dialogue with stakeholders.
  • Strengthening communication with customers and business partners.
  • Branding and marketing efforts to attract talent.

Supply Chain Management

Supplier Audits: Sustainable Supply Chain Questionnaire conducted to major suppliers.

Responsible Procurement
  • FSG Sustainable Supply Chain Guidebook
  • FSG Code of Ethics
  • Requests for FSG Business Partners (Group Supplier Policy for Action)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards, IIRC International Integrated Reporting Framework, SASB Standards (Containers & Packaging)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • RecShrink™ labels
  • Mono-material pouches
  • Liner-less PSLs
  • Fuji Pouch
  • Recycled PET labels
  • Water-based flexographic printing

Awards & Recognition

  • EcoVadis Gold Medal

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Renewable Energy Share:4.9% (2023)
Total Energy Consumption:9,112.8 MWh/year (2023)

ESG Focus Areas

  • Environmental Sustainability
  • Social Responsibility
  • Governance

Environmental Achievements

  • Sourced 4.9% of electricity consumption from renewable energy in 2023.
  • Started using renewable energy at factories in Germany and Tsukuba, Japan in January 2024.
  • Reduced CO2 emissions in various regions (Germany, Italy, Thailand, Vietnam, Kentucky, Yamagata, Tokyo).
  • Achieved SBTi Commitment Letter in March 2023, aiming for SBTi certification.
  • Developed RecShrink™ label, recyclable with PET bottles.
  • Developed RecTack recyclable label.
  • Launched Label-to-Label and Label-to-Bottle initiatives.

Social Achievements

  • Established Global DE&I Committee.
  • Conducted Value Seminars in all regions.
  • Continued Global High Potential program.
  • Launched FSI Challenge program.
  • Launched Executive leadership program supported by Belgium Business school.
  • Renewed Global HR Policy and established Global HR Framework.
  • Implemented Human Capital and Career part on global website.
  • Achieved zero occupational accidents for 365 days a year at one or more factories in all business regions in FY2023.

Governance Achievements

  • Formulated FSG.30, a new management plan with 2030 as the target year.
  • Strengthened matrix management and decision-making from the customer's perspective.
  • Improved corporate governance and transparency.
  • Established a trust-type incentive plan (ESOP trust) in Japan.
  • Revised dividend policy and cost of equity.
  • Implemented a business portfolio review framework to improve capital efficiency.
  • Established Group Risk Management Rule and emergency contact network.
  • Created a digest video of the FSG Code of Ethics in 11 languages.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero GHG emissions by 2050.
Medium-term Goals:
  • Achieve net sales of 350 billion yen or more and a double-digit operating profit margin by FY2030 (FSG.30).
Short-term Goals:
  • Achieve zero occupational accidents for 365 days a year at one or more factories in each business region.

Environmental Challenges

  • Sluggish European and American markets due to inflation and regional conflicts.
  • Rising raw material and fuel costs.
  • Intensifying price competition in the ASEAN market.
  • Labor shortages in Europe and the Americas.
  • Ransomware attack in the U.S. in August 2023.
Mitigation Strategies
  • Improved profitability by changing materials and production methods.
  • Reduced unprofitable products and increased competitive advantage in QCD.
  • Withdrew from the ASEAN market temporarily.
  • Improved value chain and engaged in digital transformation (DX).
  • Developed new products and strengthened relationships with customers.
  • Improved operating rate through collaboration between Production, Design, Sales, and Management Divisions.
  • Implemented measures to respond to and recover from the ransomware attack and prevent recurrence.
  • Strengthened IT security.

Supply Chain Management

Responsible Procurement
  • Group Supplier Code of Conduct
  • Sustainable Supply Chain Guidebook
  • Sustainable Supply Chain Questionnaire Survey
  • Sustainable Supply Chain Lecture for purchasing personnel

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards, IIRC International Integrated Reporting Framework, SASB Standards (Containers & Packaging), Ministry of Economy, Trade and Industry Guidance for Collaborative Value Creation 2.0

Certifications: APR certification for RecShrink™ and mono-material pouches

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

FSG's initiatives contribute to these goals through renewable energy use, sustainable product development, waste reduction, and GHG emissions reduction.

Sustainable Products & Innovation

  • RecShrink™ labels
  • RecTack labels
  • Mono-material pouches
  • Water-based printed labels
  • Energy-saving machinery

Awards & Recognition

  • EcoVadis Gold Medal (2023)