Addressing Climate Change Risks

We have set up a TCFD* Working Group composed of personnel from related divisions under the Sustainability Promotion Committee to address the risks and opportunities presented by climate change. The working group employs scenario analyses to identify significant risks and opportunities brought by climate change and to evaluate mainly the financial impacts on the Group.

We will also further advance global-warming mitigation initiatives focused on climate change and decarbonization in cooperation with various industry groups that are working towards the Paris Agreement goals.

*

Task Force on Climate-related Financial Disclosures working under the Financial Stability Board

We have established environmental management systems (EMSs) based on ISO 14001.

A PDCA cycle of planning, support and operation, performance evaluation, and improvement serves as a core part of the ISO 14001-based EMSs to ensure ongoing improvement in environmental management.

Group sites maintain their EMSs through management system audits by ISO 14001 registrars, internal environmental audits (of legal compliance) by the Ecology Center, and other internal environmental audits at individual sites.

• ISO 14001 certification: 94 sites (out of 172 Group sites), as of March 31, 2023

*

The Ecology Center supervises and assesses environmental conservation activities implemented at the remaining 78 sites.

The Ecology Center aggregates environmental performance data as the organization responsible for overseeing environmental conservation activities across the Group. The aggregation results are assured by KPMG AZSA Sustainability Co., Ltd. (an independent assurance provider) and reported to the Board of Directors (for details, see the “List of Indicators Assured by an Independent Assurance Provider”). The center discloses the verified performance data via the TOPPAN corporate website and other communication channels.

For environmental targets, in particular, the Ecology Center decides a set of site-specific, single-year targets based on the Groupwide targets and develops current-year measures with authorization from the Board of Directors. These site-specific targets are treated as key performance indicators for managing the progress of environmental conservation activities carried out at individual sites. The Ecology Center also manages the monitoring of soil and groundwater pollution, ascertains the results, and discloses the details.

Management Structure

The Group has established the Sustainability Promotion Committee, which is chaired by the President & Representative Director of TOPPAN Holdings Inc., to discuss important sustainability issues and initiatives. The results are reported to the Board of Directors through the Management Committee, and the Board makes comprehensive decisions on sustainability management. In addition, the Board continuously discusses, monitors, and supervises measures and progress of sustainability initiatives.
The Group periodically checks whether the associations and initiatives to which the Group belongs are consistent with the Group's policies. We also contribute to building a sustainable society through activities by these associations and initiatives. If actions are judged to be insufficient, we will cooperate with member companies to propose actions to be strengthened. In the case where there is a significant shortfall or divergence in the actions as compared to the Group’s policies, we re-examine the appropriateness of these associations and initiatives, including the reconsideration of continuing our membership.

Participation in Initiatives

As awareness of environmental conservation increased on a global scale in the 1990s, the TOPPAN Group established the TOPPAN Group Declaration on the Global Environment in 1992 as the basic philosophy of its environmental conservation activities and has been promoting these activities. In response to climate change, we acquired the Science Based Targets certification in February 2019, and are working to reduce greenhouse gas emissions in order to contribute to the emissions reduction targets of the Paris Agreement. In 2021, the TOPPAN Group formulated the TOPPAN Group Environmental Vision 2050, with the aim of achieving net zero emissions in Scope 1, 2 and 3 by 2050. At the same time, the Group reviewed the Key Performance Indicators (KPIs) for “Environmentally Friendly & Sustainable Production” under our theme of Companywide Materiality for the SDGs and set new numerical targets in the TOPPAN Group Medium-and-Long-Term Environmental Targets for Fiscal 2030. In addition, the TOPPAN Group Environmental Vision 2050 sets targets not only for decarbonization, but also for contribution to biodiversity, resource circulation, and optimal use of water, thereby strengthening our efforts to address environmental issues in general.
In order to resolve environmental issues, we believe it is important to expand our activities to a wider range of areas, not only within the Group and the value chain, but also in cooperation with external associations and initiatives.

・Climate Change Initiatives (as of April 2024)

• Science Based Targets (SBT)https://sciencebasedtargets.org/

  

• Task Force on Climate-related Financial Disclosures (TCFD)https://www.fsb-tcfd.org/

  

• GX-Leaguehttps://gx-league.go.jp/en/

  

• Decokatsuhttps://ondankataisaku.env.go.jp/decokatsu/en/

  

・Other Initiatives (as of April 2024)

• UN Global Compacthttps://www.unglobalcompact.org/

  

・(Initiatives related to Circular Economy)

• Japan Clean Ocean Material Alliance (CLOMA)https://cloma.net/english/

  

• Japan Partnership for Circular Economy (J4CE)https://j4ce.env.go.jp/en

  

• Circular Partnershttps://www.cps.go.jp/

  

・(Initiatives related to Natural Capital and Biodiversity)

• Taskforce on Nature-related Financial Disclosures (TNFD)https://tnfd.global/

  

• 30by30 Alliance for Biodiversityhttps://policies.env.go.jp/nature/biodiversity/30by30alliance/

  

• Keidanren Nature Conservation Councilhttps://www.keidanren.net/kncf/en/

  Keidanren Initiative for Biodiversity Conservationhttps://www.keidanren-biodiversity.jp/logo_en.php

  

• Japan Business Initiative for Biodiversity (JBIB)https://en.jbib.org/