-Material issue 3-
to a Management System That Creates Social Value
Safeguard the Planet as a Place for Work and Life Respond to the Climate Crisis
Over 90% of our emissions are from our value chain (scope 3), meaning
that we can’t contribute to carbon neutrality just by reducing emissions from our own
We rely on numerous production and distribution partners. To contribute to carbon neutrality, we work with these supply chain partners on initiatives such as switching to more sustainable raw materials and delivery methods.
Approximately 75% of our scope 1 and 2 emissions come from bases in Japan. Moreover, approximately 75% of that is emitted due to the use of electricity. We will steadily contribute to decarbonization by starting with converting our bases in Japan to renewable energy.
|Outcome||2030 Challenge Goal||2024 Commitment Goal|
|Our collaboration with partners contributes toward carbon neutrality throughout our supply chains.||We are working with partners to achieve carbon emissions reductions targets based on the Science Based Targets initiative (SBTI).||Emissions reductions targets based on the SBTI
Target setting and achievement
|Reduce CO2 emissions: Reduce emissions by 50% in Japan compared to 2013|
|Carbon sequestration: At least 6,000 tons of CO2 sequestered a year|
Results with Respect to the Goals in FY2021
Initiatives to Achieve Goals
Materiality Taskforce Activity
A taskforce was launched to lead efforts to achieve a commitment goal for FY2024: 50% reduction in CO2 emissions among our Japanese workplaces compared to the 2013 level. Given that around 75% of our CO2 emissions come from our Japanese workplaces, and given that electricity accounts for 75% of their total emissions, we will introduce renewable energy into the main workplaces in Japan.
Global Warming Preventive Measures: In Japan, Scope 1 and 2
In 2021, a total of 23,720 tons of CO2 was emitted by our consolidated subsidiaries in Japan*4 and by our disability-friendly subsidiaries, KOKUYO K Heart and Heartland. We reduced emissions by improving operations and equipment. Nevertheless, emissions rose 6.2% year-on-year overall due to an increase in production and reorganization. In addition to promoting improvements in operations in each department, we will introduce renewable energy in each base in turn to continue achieving our targets.
*4: The companies are as follows: KOKUYO, KOKUYO Product Shiga, KOKUYO MVP, KOKUYO Logitem, KOKUYO Supply Logistics, KOKUYO Marketing, Kaunet, Actus, KOKUYO Finance, KOKUYO & Partners, LmD International.
Prevention of Global Warming: Groupwide, Scopes 1, 2 and 3
The 31 companies*5 in the KOKUYO Group released 35,926 tons*6 of CO2 overall in FY2021.
That is an increase of 3,627 tons compared to the previous year due to a change in the
emissions factor data among energy providers and the resumption of energy consumption
following a period of scaled-back operations amid the pandemic conditions in 2020.
We started disclosing scope 3 emissions in accordance with the Ministry of the Environment’s Basic Guidelines on Calculating Volumes of Greenhouse Gas (GHG) Emissions in 2014. We have been working to improve the data accuracy since then. We will start further activities to set and achieve emissions reductions targets based on the SBTI from this fiscal year.
*5: KOKUYO Co., Ltd., 20 consolidated subsidiaries and 10 associate companies *6: As to CO2 emission coefficients for electricity in Japan, we adopt the coefficients based on the Act on Promotion of Global Warming Countermeasures (base emission coefficients for each electricity company based on actual performance for FY2019 and FY2020). As to CO2 emission coefficients for overseas electricity, we adopt the country-specific factors cited in Emissions Factors 2021 published by the International Energy Agency (IEA). The difference due to change in coefficients is the difference with the emissions calculated based on the average of all electricity sources for 2000 (0.378 kg-CO2/kWh).
Endorsement of the TCFD and Information Disclosure
KOKUYO declared our endorsement of the TCFD recommendations in May 2022.
We even analyzed the financial impact from the manifestation of climate change risks and opportunities in the hybrid work style segment (furniture businesses and business supplies businesses) as our initial disclosure in FY2022.