Promise to become carbon neutral in our business by 2050
In light of the Paris Agreement coming into force in 2016 and the ensuing global movement toward decarbonization, the Envipro group has decided that we will achieve net zero GHG emissions from our entire businesses by 2050, including the disposal and recycling of the scrap handled by our Group.。
Resource issue and climate change issue are closely related to each other, not individual issues, and furthermore both of issues are global social issues. Endless resource mining and greenhouse gas emissions are detrimental to sustainability. And we should find any solution to preserve the planet Earth's resources and its natural environment that we share in the future.
Our Group's business, which is located at the end of the supply chain and our Group is responsible for Resource Circulation Business, possesses the business characteristics that enable it to tackle both of these critical social issues through its business, and we believe that this is precisely the social responsibility that the Group should fulfill.
Efforts toward carbon neutrality by 2050
The Group has identified GHG emissions and the percentage of electricity generated from renewable energy sources as indicators to be used in assessing and managing climate change-related risks and opportunities, and has publicized target values for each.
By 2050, the Group aims to achieve effectively zero GHG emissions from all its operations, including the processing and recycling of scrap and waste.
In fiscal 2022, CO2 emissions (Scope1 and 2) amounted to 6,356 tons, down 50% from fiscal 2017 levels.
*The increase in emissions in FY2022 is due to the grouping of Nitto Kako Co., Ltd. and we have already taken steps to improve the situation, including switching to a renewable energy menu for the electricity used by the company.
The Group underwent third-party verification by the Japan Quality Assurance Organization (JQA) to objectively evaluate the calculation of Greenhouse gas emissions (Scope 1 and Scope 2), which are important environmental indicators, and to further enhance the reliability of the calculation.
The verification included on-site inspections at three of the Group's sites to check the calculation and aggregation systems at each site and to cross-check the emissions data with the evidence. In addition, calculation rules were confirmed prior to the on-site verification.
We will continue to make efforts to accurately calculate environmental indicators and promote reliable information disclosure.
Renewable energy 100% in our business by 2030
In July 2018, the Group joined "RE100", which aims to make the electricity consumed in business activities 100% renewable energy by 2050. We are the first recycling company to join this initiative in the world.
This time as we announced our commitment to be carbon neutral by 2050, we reset our target year of RE100 to 2030, which is 20 years ahead of schedule. This is because we recognize that expanding and accelerating renewable energy which is the most important measure against climate change is an important theme to tackle for our company, which has the mission of "contribute to create a sustainable society".
As of June 2023, there are 12 plants and facilities that operate 100% on renewable energy, including Econecol's Fuji Plant, which has installed power generation equipment with low environmental impact using solar panels on the plant roof and has established a system that enables in-house consumption of renewable energy power.As of June 2023, the percentage of renewable energy power used by the entire Envipro Group was approximately 86.5%, and we are steadily advancing our RE100 initiatives toward the goal to be achieved by 2030.
