Marubeni-Itochu Steel Inc. (MISI)
Climate Impact & Sustainability Data (2021-04 to 2022-03)
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
Total Carbon Emissions:67,458 tCO2e/year
Scope 1 Emissions:11,034 tCO2e/year
Scope 2 Emissions:56,424 tCO2e/year
Total Energy Consumption:12,002,000 kWh/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced Scope 1 and Scope 2 GHG emissions by -15.1% compared to the previous year (FY2020).
- Held an in-house "Paper-lympics" resulting in a reduction of 285.07 fm (file meters) of paper documents and office supplies.
Social Achievements
- Launched a new employee training program including visits to Toyosato Town to learn about the company’s roots and participate in community service.
- Opened an in-house café run by employees from special support schools, supporting workstyle reforms and employee wellbeing.
- Reduced the total number of accidents within the Group to 64 in FY2021 from 68 in FY2020.
Governance Achievements
- Established a Sustainability Taskforce to realign sustainability initiatives and disclose information to stakeholders.
- Maintained ISO 14001 certification since 2001.
- Introduced restructured Crisis Management Regulations in March 2022.
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality by 2050
Medium-term Goals:
- Reduce Scope 1 and Scope 2 GHG emissions by 50% compared to fiscal 2020 by fiscal 2030.
Environmental Challenges
- Climate change
- Supply chain disruptions
- Maintaining high quality and safety standards across the Group.
Mitigation Strategies
- Established the Decarbonization Initiative Team in April 2022 to oversee and advance the monitoring and reduction of the Group’s greenhouse gas emissions.
- Set an intermediate target to reduce Scope 1 and Scope 2 GHG emissions by 50% compared to fiscal 2020 by fiscal 2030.
- Implemented MISI Production Way as a universal standard for manufacturing-related Group companies to prioritize safety.
- Regular internal environmental assessments based on ISO 14001 standards for effective risk monitoring.
Supply Chain Management
Responsible Procurement
- Green supply chain initiatives
- Collaboration with stakeholders
Climate-Related Risks & Opportunities
Opportunities
- Green infrastructure development
- Eco-friendly automobiles
- CCUS technologies
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 14001, ISO 9001
Awards & Recognition
- Certified Health & Productivity Management Outstanding Organizations (4 consecutive years)
- Sports yell company
- Tokyo sports promotion company