Initiatives for Climate Change Mitigation--Towards a Carbon Neutral Society
Under our Sustainability Policy, Toagosei is working through environment-conscious business activities to achieve the sustainable development of a prosperous society for future generations.
Among environmental problems today, global warming, or climate change, is a huge risk that threatens our very way of life. Its increasing impacts, as seen in the growing magnitude of typhoons, rising frequency of torrential downpours, and changes in ecosystems, are cause for concern.
Since the chemical industry consumes large quantities of energy, Toagosei considers the mitigation of climate change as a key issue in its environmental actions and is working to reduce greenhouse gas (GHG) emissions.
1. Efforts to Achieve Carbon Neutrality
We have been promoting the reduction of greenhouse gas (GHG) emissions with the aim of becoming carbon neutral by 2050, and have set a target of 50% reduction in Scope 1 and 2 by 2030 compared to 2013. In 2023, the target is a 25.3% reduction compared to the base year of 2013.
In order to achieve carbon neutrality, we have not only been working on energy conservation and efficiency improvements in our manufacturing processes, but have also begun specific studies and deliberations on various measures to achieve our goal of owning our own renewable energy power generation.
Introduction of solar power generation
We are planning to install mega solar power plants on our sites in Nagoya Plant and Takaoka Plant for our own consumption.
Power generation is scheduled to start in 2025.
Introduction of small-scale hydroelectric power generation
We are constructing our first small-scale hydroelectric power plant in Nagano Prefecture, Japan, and have begun specific development work with the goal of completing the plant in 2026. We plan to increase the number of small-scale hydroelectric power plants in the future.
2. Efforts in Alignment with the TCFD Recommendations
Toagosei consumes a large amount of electricity and fuel in the manufacturing process of various chemical products and releases GHGs.
On the other hand, we also provide many products that mitigate climate change in areas such as mobility, electronics and infrastructure.
Responding to climate change is an important aspect of our management, both in terms of reducing GHG emissions and contributing to products; therefore, in June 2019, Toagosei endorsed the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
We will conduct scenario analysis following the TCFD guidelines in our information disclosures and sound dialogue with stakeholders going forward.
Scope3 Category
*Scope 1 and 2: Toagosei Group, Scope 3: Toagosei non-consolidated
Breakdown of Scope 3 emissions
*Actual results in 2023