Sustainability Disclosure based on TCFD recommendations
Governance
MARUBUN CORPORATION has established the Sustainability Committee as a structure to discuss and deliberate on the formulation of policies and plans related to sustainability, including climate change, and the monitoring of initiatives, under the supervision of the Board of Directors.
The Sustainability Committee is chaired by the CEO and consists of Vice President and relevant directors.
Strategy
In light of our response to climate change, we are pursuing opportunities for business development and expansion based on the following business strategies
| Electronic Devices Business | Development of new commercial products and new commercial rights |
|---|---|
| Maintenance and improvement of profitability of existing business | |
| Electronic Systems Business | Expansion of business scale and earnings base in new business domains |
| Enhancement of competitive advantage in existing domains | |
| Strengthening Group collaboration | |
| Electronic Solutions business | Development and promotion of high added values business |
| Creation and expansion of new business models | |
| Improvement of solution development capabilities and creation of group synergy |
(1.5℃ scenario)
Cost (expenses/costs) are expected to increase due to changes in energy policy and the introduction of a carbon tax. On the other hand, in our target market, as many low-carbon technologies are put to practical use one after another, electronic devices, semiconductors, and electronic components will be used in EVs, industrial equipment, communication equipment, etc. more than before, and demand is expected to increase.
If we are able to pass on and recover the costs that are expected to increase, we can expect a commensurate increase in earnings as the market expands.
(4℃ scenario)
The increase in costs (expenses/costs) is not as large as in the 1.5℃ scenario, but the frequency and severity of natural disasters are expected to increase. On the other hand, in the market, while large growth is not expected, a certain level of growth is expected to continue.
【Strategies impact analysis for 1.5°C and 4°C scenarios】
Risk Management
For climate-related risks, the Sustainability Committee conducts a comprehensive assessment of climate risks and opportunities.
Prioritization of climate-related risks is based on the nature and magnitude of the impact of the risk/opportunity on the financial situation, and the level of importance based on multiple scenarios.
The results are incorporated into a company’s risk management plan, approved by the Internal Control Committee chaired by the CEO, and reported to the Board of Directors.
Metrics & Targets
In evaluating our climate change initiatives, we use Scope 1 to 3 greenhouse gas emissions volumes as indicators.
MARUBUN Group (Consolidated) results for FY2023
| Scope1 | 884 t-CO2 |
|---|---|
| Scope2 (Market-based) | 893 t-CO2 |
| Scope2 (Location-based) | 930 t-CO2 |
| Scope3 | 1,543,110 t-CO2 |
MARUBUN Group targets for FY2030
| Scope1+Scope2 | 50% reduction (compared with FY2019) |
|---|
MARUBUN Group targets for FY2050
| Scope1+Scope2 | Carbon Neutrality |
|---|
- Note 1: Group results are the total figure for the non-consolidated Company and three domestic consolidated subsidiaries.
- Note 2: The figue for Scope 3 is the total for categories 1 to 7.
We also consider initiatives in the supply chain to be important to our business. Once a year, we check major suppliers’ efforts to reduce greenhouse gas emissions.
We also deliver our thoughts and initiatives regarding CSR procurement, including greenhouse gas emission reduction, to other top suppliers on an annual basis as an effort to gain their understanding.