Basic Sustainability Policy and Implementation Framework
Our Approach to Sustainability
Energy is essential to people’s lives. As a company that handles energy, we are committed to supporting the everyday lives that people take for granted and live with peace of mind. At the same time, through the realization of a decarbonized society, we are working to promote sustainability so that future generations can continue to enjoy that same sense of normalcy.
We are committed to providing new innovations to help realize a global decarbonized society. Specifically, we are committed to contributing to this goal by building fuel supply chains and generating carbon credits. The sustainability we pursue encompasses not only the global environment but also society as a whole. We are committed to supporting people’s lives, contributing to the communities where our power plants and fuel production factories are located, and fulfilling our corporate responsibilities from a broad perspective that includes our employees, stakeholders, and supply chain.
Basic Sustainability Policy
Stopping Climate Change Through Challenge and Speed
~Toward a Decarbonization Company That Continues to Evolve for a Better Life for All~
With a mission to realize a global decarbonized society, we aim to be an energy company that contributes to both environmental sustainability and economic growth by expanding renewable energy businesses both domestically and internationally and providing diverse solutions that meet the demand for decarbonization. Specifically, leveraging our track record in domestic biomass power generation business, we are committed to undertake diverse projects both in Japan and overseas to contribute to improving energy self-sufficiency, creating jobs, and promoting industrial developments. Furthermore, we are committed to advancing global decarbonization by utilizing the environmental value generated through overseas projects in transactions within Japan. To support people’s lives and create a better future together, we are committed to continuing to prioritize “challenge and speed” and evolve.
Furthermore, with the aim of contributing to the Paris Agreement and Japan’s greenhouse gas reduction targets, we have established a net-zero target. Regarding progress toward this target, we regularly measure and monitor greenhouse gas emissions across SCOPES 1 – 3 and rigorously evaluate them through annual reviews by senior management. If any delays in progress are identified, we will promptly analyze the causes of the issues and take necessary corrective actions, such as reducing investment plans, reviewing specific measures, and formulating and implementing additional measures.
Sustainability Cycle Diagram
Framework for Promoting Sustainability Initiatives
In fiscal year 2022, we established the Sustainability Committee to build a governance framework for sustainability. The committee is chaired by the director in charge of corporate planning, and its members include several executives, including managing directors. In addition, we have established a secretariat within the Corporate Planning Department, consisting of four full-time staff members, to oversee cross-departmental initiatives.
The Sustainability Committee promotes our activities aimed at realizing a sustainable society, such as addressing climate change and strengthening human capital. It plays a role in supporting management decisions that look beyond the short term and focus on enhancing corporate value over the mid/long-term. Furthermore, regarding specific sustainability initiatives, under the secretariat, we have established the Environmental Subcommittee, the Social Subcommittee, and the Governance Subcommittee, each composed of members selected from various departments and affiliated companies, to deliberate on and discuss concrete measures. The matters discussed in these subcommittees are reported to the Sustainability Committee, which is held at least four times a year, and are subject to deliberation. The Management Committee treats the matters deliberated and decisions made by the Sustainability Committee as important management and business strategies; it seeks advice as necessary and makes management decisions accordingly. The board of directors receives reports on the matters deliberated by the Management Committee and is responsible for overseeing our sustainability initiatives.
