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Considering climate change to be a significant issue which may affect society in the future, the bet366 Group performs climate change measures including the reduction of greenhouse gas (GHG) emissions.
As a member of the Japan Chemical Industry Association, we participate in Nippon Keidanren's Commitment to a Low Carbon Society launched in April 2013 and continue to implement activities in line with this commitment. In addition, taking into account the expansion of production at overseas plants, we have set global reduction indicators and targets.
- 1.Reducing GHG emissions of the bet366 Group
- (1)Medium-term Management Initiative emission reduction target
- (2)Scope 1 + 2 emissions (domestic + overseas)
- (3)Scope 3 emissions
- 2.Helping reduce CO2 emissions throughout the entire lifecycle of products
- 3.Making international contributions
- 4.Developing innovative new technologies
According to the policy of the Medium-term Management Initiative "Cs+ for Tomorrow 2021" (FY2019-2021), the bet366 Group will work to reduce GHG emissions from manufacturing processes and contribute to the reduction of GHGs through technologies and products that help realize a sustainable society. Our numerical target seeks to reduce Scope 1 + 2 (domestic + overseas) GHG emissions relative to sales for fiscal 2030 by 35% compared to fiscal 2013.
Note: The following objectives are set forth under a new policy regarding carbon neutrality adopted in May 2021:
By 2050, carbon neutral
By 2030, emissions reduction of 30% or more (from fiscal 2013)
All production sites (Sage Automotive Interiors, Inc. is for North America only) of bet366 Corp. and its consolidated subsidiaries under management control are subject to calculation of Scope 1 and Scope 2 GHG emissions of the bet366 Group, and GHG emissions from generation of electricity and steam sold outside the bet366 Group are included.
In fiscal 2019, our Scope 1 GHG emissions were 2.96 million tons of CO2-eq, and Scope 2 GHG emissions were 1.03 million tons of CO2-eq, bringing the total of Scope 1 and 2 to 3.99 million tons of CO2-eq. This is a reduction in GHG emissions of approximately 22% compared to the 5.11 million tons of CO2-eq released in the base year of 2013. The reduction compared to fiscal 2013 was mainly due to discontinuing the production of ammonia, benzene, and ethylene, and the operation of a biomass power generation plant. Compared to the previous year the main factor was a decrease in production.
- *Figures withhave received independent assurance by KPMG AZSA Sustainability Co., Ltd. (March 2021 updated)
The domestic Japanese portion of Scope 3* emissions has been calculated for all operations except for companies with insignificant emissions, yielding data on 99% of such emissions for the entire bet366 Group. In fiscal 2017 we began including Scope 3 emissions of overseas operations in our calculation.
- *Scope 3 emissions：Greenhouse gases emitted indirectly by a company throughout its supply chain. The methods for calculating Scope 3 emissions from Category 1 is described in Environmental data.
- *Figures withhave received independent assurance by KPMG AZSA Sustainability Co., Ltd.(March 2021 updated)
The bet366 Group has 9 hydroelectric power generation plants in the Nobeoka Region, which provided approximately 8% of the total electricity we used both in Japan and overseas in FY2019. Generation of the equivalent amount of power at thermoelectric plants would result in approximately 120 thousand tons* of CO2 emissions annually.
Furthermore, our biomass power generation facility in Nobeoka started operation in August 2012.
- *Using Japan's Ministry of Economy, Trade and Industry and Ministry of the Environment standard of 462g CO2/kWh.
Our company promotes environmentally friendly railway shipment.
Product shipments for bet366 Group operations in Japan amounted to some 1.2 billion ton-kilometers in fiscal 2019―an 8% decrease from fiscal 2018―generating approximately 87 thousand tons of CO2 emissions―a 14% decrease. In cooperation with the transport firms contracted for shipment, a wide range of measures are employed to reduce energy consumption and alleviate the environmental effects of physical distribution.
bet366 has received Eco-Rail Mark certification in recognition of our preferential shipment of products by rail, an ecological mode of transport which results in lower CO2 emissions for a given weight and distance than many other means of transportation.
The bet366 Group is phasing in low-pollution vehicles for use in marketing and within plant grounds. In fiscal 2019, some 86% of company-owned vehicles were low-pollution vehicles.free-online-poker
Carbon dioxide emissions have increased significantly since the industrial revolution, and in particular during the 20th century with its major population growth. The global scientific consensus is that carbon dioxide accumulation is causing climate change. The climate change is progressing slowly but steadily, and we recognize that worldwide cooperation and the implementation of specific measures to address it is an urgent issue.
In the century since our founding, we have developed our business in response to the needs of society. Now that climate change measures have become a social necessity, we are committed to our Care for Earth management strategy to aid the global environment.
As the impact of climate change on business is of great concern to investors and other related parties, companies need to be clear about its potential impact and maintain an ongoing dialogue with them. Therefore, we decided to analyze the potential impact of climate change and offer a clear response in accordance with TCFD recommendations.
We examined the changes that are expected to occur due to climate change and the impact on our business from a variety of perspectives. As a result, although the financial impact of climate change is expected to be significant in the medium term, the financial risk to the company as a whole was found to be limited due to a diversified business portfolio that mitigates risk and creates opportunities. We also identified the potential to benefit from these new opportunities through our various businesses and technologies.
We will contribute to the realization of a sustainable society, making further effort to be an organization in harmony with the environment while reducing the risk of climate change and developing new business opportunities through adapting mitigation measures.
- *TCFDTask Force on Climate-related Financial Disclosures, established and announced by the Financial Stability Board (FSB) in 2017.
Measures to tackle climate change are an important management issue and we consider it one of the central themes of our management strategy. In our current Medium-term Management Initiative, "Care for Earth" is one of the pillars along with "Care for People." The progress of their implementation is discussed at the Management Council and the Board of Directors.
One outcome of this was the Board of Directors setting a target in May 2019 to reduce GHG emissions from our business activities. We also announced in May 2020 our decision to issue green bonds to enhance our climate change measures. As important as reducing our own GHG emissions is reducing global GHG emissions by tens of billions of tons. We contribute to this through a system that promotes environmentally friendly products that do extremely well in life cycle assessments (LCA).
To accurately identify climate change issues throughout the Group and discuss countermeasures, our President heads a Sustainability Committee to discuss related issues. In addition, the Executive Officer for Technology Functions heads the Global Environment Committee—a related subcommittee—to hold more thorough discussions on the global environment. Details concerning implementation from the Sustainability Committee are reported to the Board of Directors.
- A venue to discuss Environmental, Social, and Corporate Governance (ESG) in general, including climate change
- Chair: bet366 President, Committee members: Executive Officer for Technology Functions, Executive Officer for Business Management Functions, Executive Officers for the 3 business sectors
Global Environment Committee
- A venue to discuss issues of climate change and plastic waste
- Chair: Executive Officer for Technology Functions, Committee members: Presidents of SBUs, Senior General Manager of the Production Center, Senior General Manager of Corporate Production Technology, Senior General Manager of Corporate Research and Development, etc.
A variety of scenarios could unfold regarding climate change depending on the implementation of prevention measures. We examined two standard scenarios, one where average global temperature rises by 4°C, and one where it rises by less than 2°C.
Without sufficient steps to curb global warming, global temperatures rising by 4°C we consider a "physical risk" involving intense heat and severe storms. A scenario where the temperature rises by less than 2°C we consider a "transitional risk." It would involve social changes geared toward curbing global warming including technological innovation and tightened regulations.
For each of these, we referred to various documentation and examined the impact on the business from the view in 2050.
The Material and Homes business sectors have been targeted in line with TCFD recommendations for disclosure, including fields involving materials and buildings, energy, transportation, and agriculture, food, and forestry.
The Group's growth model adapts its business portfolio in response to the business environment, reducing risks from climate change and maximizing opportunities through changes to our portfolio. In this analysis, in keeping with the intent of TCFD's recommendations, we show that the current state of our business would be at risk in light of the view from 2050.
|Important changes||Main risks||Principal countermeasures|
and flood damage
|"Physical" production risks
・Suspension of production due
to plant damage
・Disruption of raw material supply
due to damage incurred by suppliers
|・Continuous revision of BCP and
reinforcement of preemptive response
|Rise in temperature||"Human" production risks
・Deterioration of working environment
and productivity at construction sites
|・Promotion of industrialization and
utilization of IT in housing construction
Less than 2°C
|Decarbonization||・Rise in cost due to stricter regulations*
(manufacturing and raw material costs)
・Changes in materials needs
|・Expansion in utilization of
renewable energy, etc.
・More efficient energy use;
development and commercialization
of industrial processes for decarbonization
・Decarbonization of raw materials
- *ExampleIn the event of a carbon tax under a scenario put forward by the International Energy Agency (IEA), the maximum annual increase in manufacturing costs would be around ¥60 billion (fiscal 2019 GHG emissions of four million tons × US$140/t carbon tax).
|Important changes||Main opportunities||Principal initiatives|
and flood damage
|・Increasing need for
|Greater emphasis on resilience in
housing building and urban development
Less than 2°C
|Decarbonization||・Promotion of the spread of
Zero Energy Houses (ZEH)*
through government policies
|・Decarbonization of homes and
|Increase in EV-related demand
・Materials for reducing vehicle weight
|・Provision of components and systems
for next-generation mobility
・Strengthening of collaboration with
automobile and battery manufacturers
|Advent of a hydrogen
|・Increase in demand for water electrolysis
using renewable energy
|・Utilization of alkaline water electrolysis
- *ZEHHouses with a net energy consumption of zero or less as a result of advanced insulation and energy saving combined with power generation such as solar
In the annual review of our Medium-term Management Initiative, we consider the climate-related risks and opportunities for each of our businesses, and then assess and address the situation across the Group. A sustainable perspective that includes climate change is one of the decision-making criteria we use when determining our business portfolio, including the allocation of management resources.
We also confirm the sustainability of large capital investments as they relate to greenhouse gas (GHG) emissions.
Regarding our emissions performance, the emissions of the entire Group are calculated once a year. Progress towards our goals is managed by the Sustainability Committee and the Board of Directors.
As stated in our Cs+ for Tomorrow 2021 Medium-term Management Initiative, we aim to realize a sustainable society by working on two fronts: reducing GHG emissions from our own business activities and contributing to GHG reduction in society through our technologies and products.
We aim to reduce Scope 1 + 2 (domestic + overseas) GHG emissions relative to sales for fiscal 2030 by 35% compared to fiscal 2013. We also identify products and services that contribute to GHG reduction throughout the entire product life cycle, including reducing customer-generated emissions, as environmentally friendly products. Through promoting the development of such business, we aim to help reduce the amount of GHG emitted by society.
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