Climate Change Data

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)