In March 2022, Tokyo Seimitsu expressed its support of the recommendations of the Task Force on Climate-related Financial Disclosures. We consider rising temperatures, increasingly severe natural disasters, and other phenomena caused by climate change to pose a major risk to our business as well. On the other hand, we believe that addressing climate change will lead to increased corporate resilience and product competitiveness, as well as provide opportunities for business expansion. We will analyze the risks and opportunities that climate change poses to our business, share and work to unfold issues, and promote the disclosure of climate-related financial information based on the TCFD framework.
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The Tokyo Seimitsu Group considers climate change a major business threat.
The Sustainability Committee discusses ways to control risks and opportunities related to climate change issues and reports results of the discussions to the board of directors on a regular basis. The Sustainability Committee is chaired by the Representative Director & CEO. Its activities are reported to the semiannual Sustainability Promotion Meetings, and the report is submitted to the Board of Directors if deemed necessary by the Chairman. The board members collect information and deepen their knowledge through various opportunities and means to grasp the ever-shifting climate change situation. The Board of Directors share the issues of risks and opportunities related to climate change, discuss goal management and problem solving, and plan to outline our medium- and long-term GHG (Greenhouse Gas) reduction policies through TCFD Response Projects in the future.
The Sustainability Committee is responsible for arranging, formulating, planning, and implementing sustainability activities, specifically promoting the following activities.
Formulation of basic policy, operational framework, and goals as well as monitoring of information
Establishing and managing plans and projects
Summarization of information, reports to the Board of Directors, etc.
Matters related to various reports and information disclosure
Convening and operating a sustainability promotion council
About projects for responding to TCFD
These projects are led by the Sustainability Committee and attended by the related personnel of the production, sales, and management departments. Members of the projects research
and discuss climate change and submit reports to the Committee periodically.
The projects for responding to TCFD research and discuss climate change-related risks (transitional/physical). They submit reports to the Sustainability Committee on a regular basis and whenever there is an urgent need to do so. Risks considered to affect business are relayed immediately from the committee to the board of directors for judgment. Such information is also shared with the Risk Management Committee, which is responsible for business risk management, to ensure that appropriate measures are implemented on a company-wide basis.
We conducted a Scope1 and Scope2 emissions analysis of Tokyo Seimitsu’s domestic businesses. We will continue to monitor the GHG emissions of Group companies in Japan and overseas, and plan to respond accordingly. In the future, we will investigate the Scope3 emissions, including those of suppliers.
Since future projections are highly uncertain and difficult to analyze, we examined GHG emissions based on multiple scenarios. International public opinion is moving toward the view that a 2℃ scenario response is insufficient, so we conducted our analysis with a 1.5℃ scenario in mind. However, as a 1.5℃ scenario response would dilute our awareness of physical risks, we also assumed a business environment under the 4℃ scenario, the level to which temperatures would rise if current economic activity were to continue.
* Reference scenarios
1.5℃ scenario ： [IEA] NZE, 1.5℃ special report [IPCC] SSP1-1.9
4℃ scenario ： [IEA] STEPS [IPCC] SSP2-4.5, SSP3 - 7.0
In addition, based on the results of the analysis of environmental risks and opportunities, we decided on the following actions to be taken in the medium- and long-term bases.
Organize and address the overall picture of climate change (including internal management system and disclosure of Scope1 and Scope2 emissions reductions)
LCA Scope3 (including coordination with customers and suppliers)
Exploration of new business areas
BCP enhancement, starting with our response to climate change
|Event||Assumed Business Environment||Financial Impact||Emergence Timing|
|Use of EVs||
|Reputation||Delayed decarbonization efforts||
|Use of EvsElectrification/digitalization||
|Growing renewable energy markets||
|Resource efficiency energy||Production equipment||
|Low-carbon products and services||
|Risks||Physical(acute)||Extreme weather events||
Legend : Financial Impact: ▲▲▲ Large, ▲▲ Moderate, ▲ Small Emergence Timing: Short term 2022-2024, Medium term 2025-2029, Long term 2030-
Indicators and Goals
By 2030, we aim to reduce our CO2 emissions by 50% compared with fiscal 2018 levels.
At time same time, it is expected that the demand for semiconductors will continue to expand in the future. To meet these needs, the Tokyo Seimitsu Group is planning to expand production capacity. Although energy consumption is thus expected to increase, we will promote decarbonization efforts by utilizing low-carbon energy sources, including renewable energy, in addition to mounting energy conservation efforts.
Toward the Reduction of Greenhouse Gas Emissions
Since the majority of greenhouse gases (GHG) emitted by the Company are from the CO2 equivalent of electricity purchased to operate its plants. As a global warming prevention measure, we are focusing on activities for conserving electricity.
Result CO2 Emissions and Targets for FY2023
|Previous five-year plan||Previous five-year plan|
|Electric power used (MWh)||25,765||25,448||28,843||29,835||29,546||35,580|
production volume intensity
Organizations covered Tokyo Seimitsu Co., Ltd. (non-consolidated basis)
* In 2021, we revised our reduction target and extended the period by one year.