JSR Corporation
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1013 kt-CO2e (FY2021); 260 kt-CO2e (post-spin-off)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:439,000 kL (FY2021); 109,000 kL (post-spin-off)
Water Consumption:21,710,000 m3 (FY2021); 4,000,000 m3 (post-spin-off)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change Mitigation
- Diversity, Equity, and Inclusion
- Health and Safety
- Respect for Human Rights
- Supply Chain
Environmental Achievements
- Launched an alignment film recycling business
- Developed a low-temperature material allowing for a 10% reduction in energy consumption in display panel manufacturing
- Maintained a high modal shift rate (85%) in transportation, reducing transport energy intensity
Social Achievements
- Conducted first global employee survey providing invaluable insight for regional action plans
- Established JSR Group’s Human Rights Policy
- Achieved zero influenza cases and absences among employees
Governance Achievements
- Established systems and specific key performance indicators (KPIs) based on materiality studies
- Linked CEO and President's bonuses to progress on sustainability management indicators
- Established JSR Group Principles of Corporate Ethics
Climate Goals & Targets
Long-term Goals:
- Reach net zero GHG emissions by FY2050
Medium-term Goals:
- Reduce GHG emissions by 30% by FY2030 compared to FY2020
- Achieve a percentage of women in managerial positions of 10% by 2030
Short-term Goals:
- Achieve a percentage of women in managerial positions of 6% (by March 2023)
Environmental Challenges
- Increase in GHG emissions (14%) and energy consumption (19%) in FY2021 due to increased production volume and addition of overseas bases
- Increase in water consumption (16%) and wastewater discharge (11%) in FY2021
- Low percentage of women in managerial positions
Mitigation Strategies
- Set a target of reducing GHG emissions by 30% by FY2030 and reaching net zero by FY2050
- Implementing various measures to conserve energy and switch to renewable energy
- Implementing various initiatives to support the careers of female employees and set a target of having women in 10% of managerial positions by 2030
Supply Chain Management
Supplier Audits: 99% of suppliers surveyed by FY2013
Responsible Procurement
- JSR Group CSR/Sustainable Procurement Policy
- Green procurement guidelines
- chemSHERPA for chemical information transfer
Climate-Related Risks & Opportunities
Physical Risks
- More frequent flooding and more severe storm and flooding damage
Transition Risks
- Strengthening of GHG emissions regulations
- Carbon price setting and steep price rises
- Emergence of customers who demand decarbonized products
Opportunities
- Increased demand for environmentally-beneficial products
- Business growth resulting from responding to environmental changes
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: ISO 9001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Low-temperature material for display panel manufacturing
- Alignment film recycling
Awards & Recognition
- Eruboshi (Stage 2) designation (2019)
- Advanced category of D&I AWARD 2021
- Excellent Health Management Corporations (2022)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:741 kt-CO2e (Scope 1 & 2) + 220 kt-CO2e (Scope 3)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:220 kt-CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:3,679 thousand m3
Waste Generated:12 kt
Carbon Intensity:Not disclosed
ESG Focus Areas
- Employee engagement
- Diversity, Equity, and Inclusion (DE&I)
- Climate change
- Environmental impact reduction
- Safety
Environmental Achievements
- Achieved a goal of 0.1% or less of waste sent to final off-site landfills as a percentage of total waste generated.
- Improved the content of the JSR Group’s shared Safety Concept to make it easier to understand.
Social Achievements
- Achieved an 83% response rate in the global employee engagement survey.
- Launched an employee resource group (ERG) called REACH in North America to foster an inclusive workplace.
- Held an event to mark International Women’s Day to promote intercultural communication and showcase diverse role models.
Governance Achievements
- Established a Sustainability Promotion Committee and four sub-committees to oversee sustainability initiatives.
- Established a Remuneration Advisory Committee and a Nomination Advisory Committee to enhance transparency and accountability.
- Implemented a Malus Clawback clause to ensure the soundness of the remuneration system for officers.
Climate Goals & Targets
Long-term Goals:
- Net-zero GHG emissions by FY2050
Medium-term Goals:
- 30% reduction in GHG emissions by FY2030 compared to FY2020
- 10% women in managerial positions by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Did not achieve the target of two or fewer occupational accidents involving four or more lost work days.
- Lower than target collection rate of acknowledgement of receipt from suppliers regarding CSR/Sustainable Procurement Policy and Human Rights Policy (90% achieved).
Mitigation Strategies
- Will strive to eliminate occupational accidents by combining short-term and long-term activities that instill a culture of safety.
- Focusing on suppliers at overseas Group companies to improve the collection rate.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- JSR Group CSR/Sustainable Procurement Policy (36 items across six areas)
- Collection of acknowledgement of receipt from suppliers regarding the CSR/Sustainable Procurement Policy and Human Rights Policy (90% achieved in FY2022)
Climate-Related Risks & Opportunities
Physical Risks
- Increased frequency of large-scale natural disasters
Transition Risks
- Carbon pricing
- Global regulatory issues
Opportunities
- Development of energy-efficient products (e.g., display materials with low firing temperature, highly recyclable plastic materials)
Reporting Standards
Frameworks Used: TCFD
Certifications: AAALAC International (Crown Bioscience International sites in US and China)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Display materials with low firing temperature
- Highly recyclable plastic materials
Awards & Recognition
- Bronze Medal from Ecovadis
- 19th JPCA Award from the Japan Electronics Packaging and Circuits Association (JPCA)