Climate Change Data

Nisshin Seifun Group Inc.

Climate Impact & Sustainability Data (2018-04 to 2019-03, 2023)

Reporting Period: 2018-04 to 2019-03

Environmental Metrics

Total Carbon Emissions:14600 tCO2e/year (domestic)

ESG Focus Areas

  • Provide safe and healthy food and responsible consumer information
  • Enable secure and sustainable raw material procurement
  • Efficiently handle product and packaging waste
  • Prepare for climate change and water resource issues
  • Provide work environments that are healthy and fulfilling

Environmental Achievements

  • Achieved virtually zero waste emissions
  • Group-wide ISO 14001 certification in 2008 for environmental management systems

Social Achievements

  • Launched N-Voice, an employee engagement survey to track improvements from workstyle reforms
  • Implemented work style reform, including home-based work scheme and annual paid leave by the hour
  • Enacted Nisshin Seifun Group Policy on Human Rights

Governance Achievements

  • Transitioned to a company with Audit & Supervisory Committee in June 2019
  • Established a Compliance Hotline System in 2003
  • Adopted a holding company structure

Climate Goals & Targets

Medium-term Goals:
  • Reduce CO2 emissions in Japan by 26% and reduce overseas per-unit emissions by 7.8% by fiscal 2031 compared to emission levels in fiscal 2014

Environmental Challenges

  • Contracting domestic flour market due to international trade agreements and dwindling population
  • Diversifying food preferences and growing shift to health-oriented and high value-added products
  • Rising raw material costs
  • Climate change and water resource issues impacting supply chain
  • Labor shortages
Mitigation Strategies
  • Establishing low-cost operations by maintaining the production system and integrating new technologies
  • Developing new products for healthy and flourishing diets
  • Improving cost competitiveness by establishing an optimized global supply structure
  • Implementing energy conservation and CO2 emissions reduction
  • Promoting work style reform

Supply Chain Management

Responsible Procurement
  • Responsible Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters affecting business and wheat production sites
Transition Risks
  • Changes in national trading policy and wheat management methods
  • Impact of climate change on water resources for wheat production

Sustainable Products & Innovation

  • Products using paper trays instead of plastic trays
  • Ma•Ma Quick Cook Spaghetti (rapid-boil method reducing cooking time and energy)

Reporting Period: 2023

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:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Set medium-to-long-term goals of reducing CO2 emissions from Group-owned facilities by 50% compared to fiscal 2014 levels by fiscal 2031 and achieving net zero CO2 emissions by 2050. Installing equipment with maximum energy efficiency and facilities that generate renewable energy, and also considering green energy procurement from off-site facilities.

Social Achievements

  • Promoting an HR strategy to revitalize the organization and personnel by optimizing HR allocation throughout the Group, developing managers, promoting active participation by women, and implementing work style reforms.
  • Implementing various measures such as the “improvement of psychological safety” to create an environment where employees can focus on planning and implementing management strategies and feel a sense of contribution to the business and society.
  • Committed to health management working in partnership with our employees. Positioning “the work environment,” “personal physical care,” and “mental healthcare” as the three pillars for realizing health management.

Governance Achievements

  • Complied with all principles of the Corporate Governance Code.
  • Established a Nomination and Remuneration Advisory Committee composed of all Independent Directors to advise on the appointment of Representative Directors and Outside Directors, the composition of the Board of Directors, and the framework of Senior Management remuneration.

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero CO2 emissions by 2050.
Medium-term Goals:
  • Reduce CO2 emissions from Group-owned facilities by 50% compared to fiscal 2014 levels by fiscal 2031.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Enable secure and sustainable procurement of raw materials

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed