Nisshin OilliO "Natural Power of Plants"

Global environment

03Global environment

Tackling challenges to pass on the global environment to the next generation

Our business is based on plant resources, and as such, the very sustainability of our business relies on protecting the global environment and resources. Our goal is to achieve a decarbonized, recycling-oriented society for the next generation. To make that future a reality, we are working hard to minimize the environmental impact of our business operations and to build business domains that help resolve pressing environmental issues.

Shared values

  • Reduce greenhouse gas emissions and minimize the impact of climate change on the Group.
  • Realize a recycling-oriented society with an understanding that resources are finite.
  • Engage in biodiversity conservation activities to pass on plant, genetic, and other resources to the next generation.
  • Continue to develop containers and packaging with minimal environmental impact.
  • Contribute to society through products and services by working with businesses that provide solutions to environmental issues.

CSV goals for FY2030 (major KPIs)

50%

Reduction of Scope 1 and 2 CO2 emissions (compared with FY2016)

25%

Reduction of Scope 3 CO2 emissions (compared with FY2020, starting with Categories 1 and 4)

Reduce plastic containers/packaging and promote resource recycling

• Development and realization of systems for containers, technologies, and services conducive to recycling

• Reduction of emissions per new plastic containers (bottle/cap) made from petroleum: 15% (compared with FY2022)

Develop products/services that use plant resources and the Company’s technology and have a positive environmental impact (cumulative from FY2021)

Products/services that have a positive environmental impact become the core driving force of growth

Reducing CO₂ emissions

We formulated a strategic roadmap for decarbonization in fiscal 2021, and are steadily building on our efforts to introduce equipment to reduce waste and loss in production processes and increase our rate of non-fossil energy use.
In FY2023, we raised the CO2 emission reduction target to 50% for Scope 1 and 2 emissions and set a new quantitative target (25% reduction) for Scope 3 emissions.
We will continue to accelerate our efforts to achieve carbon neutrality by 2050.

Social environment and issues

  • To limit the mean temperature increase to less than 2°C, many countries around the world have pledged to be carbon-neutral by 2050.
  • Droughts, windstorms, floods, and other climate change-fueled natural disasters are increasing.
  • Understanding and strategically responding to the risks and opportunities of climate change are becoming essential.
  • Loss of biodiversity due to deforestation, fires, and the like, and the effects of microplastics on marine ecosystems and human health will become apparent.

Impact on the Group ▲: Risk ●: Opportunity

  • ▲ Climate change puts the stable procurement of raw materials at risk, and energy prices, carbon taxes, and other drivers will result in increased costs.
  • ▲ Increasingly frequent and severe natural disasters will damage production facilities and threaten operational sustainability.
  • ▲ Compliance with biodiversity-related laws, regulations, and codes of conduct will be necessary.
  • ● Proactively addressing climate change, biodiversity, and other environmental issues with appropriate information disclosure will enhance corporate value.
  • ● New business opportunities can be created by utilizing plant resources to resolve environmental issues.

Specific efforts to resolve issues

Efforts policy

Environmental philosophy
The Nisshin OilliO Group will continue to maximize the Natural Power of Plants and engage in
environmentally friendly corporate activities to transfer our precious Earth to the next generation.
Environmental policies
  • Comply with environmental laws, regulations, and voluntary standards.
  • Strive to prevent pollution and promote environmental protection with the aim of realizing a decarbonized, recycling-oriented society that coexists with nature.
  • Strive to develop and provide products and services that are naturally and environmentally friendly.
  • Strive to proactively disclose information on our environmental activities.
  • Strive to raise environmental awareness and work together as a Group to continuously improve our environmental performance.

Environmental Targets for 2030

Priorities under Vision 2030
Global environment
Supply chain connected by trust

Specific efforts

  • Actively introducing hydrogen combustion and other new technologies, and promoting measures to reduce greenhouse gas emissions throughout the supply chain.
  • Endorsing the TCFD recommendations and promoting analysis of risks and opportunities in response to climate change.
  • Endorsing the TNFD recommendations and promoting analysis of risks and opportunities in response to biodiversity.
  • Sourcing raw materials in ways that are considerate of forests and marine ecosystems.
  • Promoting recycling of waste in production processes to maintain zero emissions and reduce water consumption.
  • Reducing the amount of plastic used in container packaging, adopting environmentally friendly materials, and developing a recycling system.
  • Expanding the Sakai Plant’s leading initiative to become a Sustainability Center to the entire Group.
  • Developing a system that facilitates investment in introducing internal carbon pricing and other environmental efforts.
  • Promoting the use of vegetable oil as an alternative to mineral oil for industrial applications, considering new ways to utilize biomass, and otherwise building businesses that provide solutions to environmental issues.
  • Providing support to maintain and restore biodiversity.