Climate Change Data

Ichigo Green Infrastructure Investment Corporation

Climate Impact & Sustainability Data (2023-07 to 2023-06, 2024-07 to 2024-06)

Reporting Period: 2023-07 to 2023-06

Environmental Metrics

Renewable Energy Share:49% (FY24/2 Q1)

ESG Focus Areas

  • Climate Change
  • Social Responsibility
  • Governance

Environmental Achievements

  • CO2 reduction of 98,647 tons in FY23/2 (equivalent to annual CO2 emission of 43,000 cars)
  • Achieved 49% of RE100 target by FY24/2 Q1

Social Achievements

  • Ichigo J.League Shareholder Program, engaging 76,000 shareholders
  • Ichigo University provides continuing education for employees

Governance Achievements

  • Majority of Directors (2 of 4) are Independent Directors
  • Risk & Compliance and Audit groups report directly to the President

Climate Goals & Targets

Short-term Goals:
  • 100% RE100 Target: 2025

Environmental Challenges

  • Lower-than-forecast portfolio power generation (-2.2% vs. Forecast) due to inclement weather, increased power suspensions, and Ichigo Nago Futami panel failure
  • Power suspensions occurred more frequently than expected during March-May 2023
Mitigation Strategies
  • Installing online grid control systems to limit lost power generation during power suspensions
  • Negotiations with panel manufacturer for cash reimbursement for Ichigo Nago Futami panel failure

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2024-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:22,767 tCO2e/year (Scope 1+2)
Renewable Energy Share:92%

ESG Focus Areas

  • Climate Change
  • Renewable Energy
  • Governance

Environmental Achievements

  • CO2 reduction of 101,217 tons in FY24/2, exceeding CO2 emissions of 22,767 tons (Scope 1+2).
  • Achieved 92% renewable energy usage towards RE100 target of 100% by FY25/2.

Social Achievements

  • Ichigo J.League Shareholder Program, engaging 83,000 shareholders.
  • Ichigo University provides continuing education for employees.

Governance Achievements

  • 2 of 5 Directors are Independent Directors.
  • Risk & Compliance and Audit groups report directly to the President.

Climate Goals & Targets

Medium-term Goals:
  • 70% reduction in Scope 1 and 2 emissions by 2030 (2022 base year)
  • 25% reduction in Scope 3 emissions by 2030 (2022 base year)
Short-term Goals:
  • RE100 target: 100% renewable electricity by FY25/2

Environmental Challenges

  • Lower-than-forecast power generation at 6 of 15 power plants due to inclement weather and power suspensions.
  • Panel failure (PID) at Ichigo Nago Futami ECO Power Plant.
  • Cable theft at Ichigo Kiryu Okuzawa.
Mitigation Strategies
  • Geographic diversification of power plant portfolio minimizes impact of lower power generation.
  • Operator-guaranteed base fee hedges downside risk.
  • Ongoing discussions with panel manufacturer to review guarantee for PID.
  • Strengthening theft prevention measures (e.g., revolving warning lights, security systems).

Supply Chain Management

Responsible Procurement
  • Sustainable procurement measures, including environmentally-friendly construction methods and materials.

Climate-Related Risks & Opportunities

Physical Risks
  • Inclement weather

Reporting Standards

Frameworks Used: Science Based Targets (SBT)

Certifications: GRESB, CASBEE, BELS, DBJ Green Building