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CO2 Emissions and Reduction Efforts
CO2 Emissions Reduction Target
The global movement towards a decarbonized society by reducing greenhouse gases in response to the Paris Agreement is progressing. The Nissha Group identifies Responding to Climate Change as one of the materialities to realize our Sustainability Vision.
We have established an ESG Task Force under the Sustainability Committee, which is chaired by the President and CEO, to promote cross-functional initiatives to address climate change.
The ESG Task Force promotes actions to reduce our Scope 1 and Scope 2 CO2 emissions, and to identify relevant Scope 3 categories and calculate CO2 emissions in our supply chain.
In fiscal year 2024, we achieved ahead of schedule our target, set in fiscal year 2021, of a 30% reduction in total CO2 emissions by 2030 (compared to 2020). The use of 100% renewable electricity year-round at our major production bases in Japan contributed significantly to this achievement, resulting in a reduction of 48.4%.
Based on this, we reviewed our target in fiscal year 2025 and established a new target of a 60% reduction in total CO2 emissions by 2035 (compared to 2020), while continuing to advance energy-saving measures in Japan and renewable energy initiatives at overseas production bases. We will continue to promote our responses as we verify costs and effectiveness.
We have established an ESG Task Force under the Sustainability Committee, which is chaired by the President and CEO, to promote cross-functional initiatives to address climate change.
The ESG Task Force promotes actions to reduce our Scope 1 and Scope 2 CO2 emissions, and to identify relevant Scope 3 categories and calculate CO2 emissions in our supply chain.
In fiscal year 2024, we achieved ahead of schedule our target, set in fiscal year 2021, of a 30% reduction in total CO2 emissions by 2030 (compared to 2020). The use of 100% renewable electricity year-round at our major production bases in Japan contributed significantly to this achievement, resulting in a reduction of 48.4%.
Based on this, we reviewed our target in fiscal year 2025 and established a new target of a 60% reduction in total CO2 emissions by 2035 (compared to 2020), while continuing to advance energy-saving measures in Japan and renewable energy initiatives at overseas production bases. We will continue to promote our responses as we verify costs and effectiveness.
Summary of Emission
The Nissha Group’s CO2 Emissions Reduction Target and Results
(Scope1 and 2)
* The reduction targets shown in the figure represents the 2030 target set in fiscal year 2021.
Emissions Reduction Efforts
As a measure to reduce CO2 in the Nissha Group in Japan, Nissha Industries, Inc. Koka Factory, a production base for our Industrial Materials business, 100% renewable electricity has been used continuously since FY2022, and is also working on reducing its gas consumption, having updated the old-style deodorizing equipment with a heat storage type as of December 2023. Nissha Precision and Technologies, Inc. Himeji Factory and Kaga Factory, production bases for our Devices business, switched to 100% renewable electricity for the factories in December 2023.
Within the Nissha Group overseas, Nissha (Kunshan) Precision IMD Mold Co., Ltd. (China), a production base for the Industrial Materials business, has been generating solar power since 2018, and Nissha Metallizing Solutions N.V. (Belgium) replaced part of its electricity with solar and wind power in 2023. Nissha Metallizing Solutions S.r.l. (Italy) introduced solar power generation in 2022 and a cogeneration system in 2023, and is generating electricity through gas combustion and effectively using the waste heat generated to produce hot and cold water. Moreover, Nissha Advanced Technologies Europe GmbH (Germany) has brought in solar power generation as of 2024.
In addition, we are switching to LED lighting and upgrading aging facilities with energy-efficient equipment to contain electricity consumption. The ESG Task Force will continue serving as a driving force to promote our responses as we verify costs and effects.
Within the Nissha Group overseas, Nissha (Kunshan) Precision IMD Mold Co., Ltd. (China), a production base for the Industrial Materials business, has been generating solar power since 2018, and Nissha Metallizing Solutions N.V. (Belgium) replaced part of its electricity with solar and wind power in 2023. Nissha Metallizing Solutions S.r.l. (Italy) introduced solar power generation in 2022 and a cogeneration system in 2023, and is generating electricity through gas combustion and effectively using the waste heat generated to produce hot and cold water. Moreover, Nissha Advanced Technologies Europe GmbH (Germany) has brought in solar power generation as of 2024.
In addition, we are switching to LED lighting and upgrading aging facilities with energy-efficient equipment to contain electricity consumption. The ESG Task Force will continue serving as a driving force to promote our responses as we verify costs and effects.
