Information disclosure based on the TCFD recommendations
We believe that climate change is a key environmental issue and we implement measures to address climate change on a groupwide scale. We have recently analyzed the financial impact of risks and opportunities related to climate change in accordance with the framework of the TCFD recommendations. The findings of this analysis are as follows.
Governance and risk management
We have established a Sustainability Committee chaired by the executive officer in charge of
sustainability that operates under the supervision of the Board of Director.
The Sustainability Committee formulates policy for the sustainability activities of the entire Group and
monitors individual activities. As part of these activities, it manages risks and opportunities related to
climate change.
The executive officer in charge of sustainability regularly reports to the Board of Directors yearly and
as necessary.
Strategy and scenario analysis
We analyzed the future impact of climate change on our business in hypothetical scenarios using the following assumptions.
| Period | Until 2030 and 2050 |
|---|---|
| Business | Writing instrument |
| usinessScenarios | 4 °C of warming (without any measures against climate change): SSP3-7.0 2 °C of warming (with strict measures against climate change): SSP1-2.6 |
Legend:
Risk
Large: Risks that have such an impact on business that it is urgently necessary
to consider response measures
Medium: Risks that have an impact on business that necessitates the consideration
of response measures
Small: Risks whose impact on business is considered limited
Opportunity
Large: Opportunities with the potential for the new business or the continued
expansion of business at an early stage and in a specific form
Medium: Opportunities with the potential for the new business or the continued
expansion of business
Small: Opportunities with the potential for the expansion of business whose
impact is expected to be minor
Results of the 2 °C warming scenario analysis (with strict measures against climate change)
| Social orientation | Risk | Opportunities | ||||
|---|---|---|---|---|---|---|
| Descriptions | Level | Countermeasures | Descriptions | Level | Countermeasures | |
| Emphasis on climate action | Costs increase due to the carbon tax and other measures | Medium | Accelerate energy conservation activities | Increase demand for low-carbon products | Large | Accelerate efforts to develop low-carbon products |
| Acceleration of the establishment of a recycling society | Shift to the use of recycled plastics | Medium | Establish technologies for using recycled materials | Increase demand for products made from recycled plastics | Medium | Accelerate efforts to develop products made of recycled plastics |
| Insufficient efforts to reduce the use of plastics | Medium | Reduction and replacement of plastics (in package materials and other applications) | Increase demand for products whose plastic use has been reduced | Medium | Accelerate efforts to develop products that lead to the reduction of plastic consumption (such as package materials) | |
| Maintenance and conservation of biodiversity | Intensification of forest conservation | Medium | Increase use of wood from certified forests | Increase demand for products made of wood from certified forests | Medium | Accelerate efforts to develop products made of wood from certified forests |
| Toughening of environmental regulations | Toughening of regulations on chemical substances and other regulations | Small | Maintain and strengthen the current environmental management system | Increase demand for products that comply with environmental regulations | Small | Accelerate efforts to develop products that comply with environmental regulations |
Results of the 4 °C warming scenario analysis (without any measures against climate change)
| Social orientation | Risk | Opportunities | ||||
|---|---|---|---|---|---|---|
| Descriptions | Level | Countermeasures | Descriptions | Level | Countermeasures | |
| Intensification of weather disasters | Suspension of factory operations due to damage from disasters | Medium | Develop a business continuity plan (BCP) on the assumption of climate change | ー | ー | ー |
| Increased average and maximum temperatures | Adverse impact on employee health | Small | Provide an appropriate working environment | ー | ー | ー |
The scenario analysis confirmed that it is possible to continue business by taking measures to respond to
risks that are believed to have a major impact, although climate change will have some financial impact in
either scenario.
It also confirmed that we will aim to achieve 2 °C warming scenario, in which it is possible to achieve both
the slowing of climate change and the growth of business.
As our strategy for addressing climate change, we formulated an action policy and identified key
environmental issues.
Our Mission
We will mitigate climate change by reducing carbon dioxide (CO2) emissions and promoting efficient use of energy in all facets of our organization and its operations.
We will contribute towards a resource-circulating society by promoting resource conservation and recycling.
We will contribute towards the creation of a society with less environmental impact by appropriately controlling chemical substances used in our products and manufacturing processes.
We will strive to minimize the environmental impact of our operations and products to protect biodiversity and ecosystems.
We will organize a corporate governance system to promote environmental conservation, ensuring increased awareness and proactive actions of our employees.
Key Environmental Challenges
- Climate change
- Resources
- Environmental pollution
- Biodiversity
Metrics and targets
We have defined CO2 emissions as an indicator of our efforts to slow climate change.
For other key issues, we will strive to set specific targets and disclose them.
| 2030 | 2050 | |
|---|---|---|
| CO2 emissions | 50％reduction | 100％reduction |
| Efficient use of energy | 15％reduction | 35％reduction |
| Renewable energy | 50％ | 100％ |
- 2030
- 2050
- CO2emissions
- 50％
reduction by 2030 - 100％
reduction by 2050 - Efficient use of energy
consumption) - 15％
reduction by 2030 - 35％
reduction by 2050 - Renewable
energy - 50％
reduction by 2030 - 100％
reduction by 2050
We are aiming to achieve a 50% reduction in CO2 emissions from the Mitsubishi
Pencil Group as a whole by 2030 (*1) and a 100% reduction by 2050. To this end, we are also aiming to
reduce our energy consumption by 15% (*2) by 2030 and by 35% (*2) by 2050.
In addition, we are aiming to secure 50% of our Group's total energy from renewable energy sources by 2030
and 100% by 2050.
To meet these demands for total carbon emissions reduction, it is imperative for us to also set up a
sustainable supply chain management.
- *1: Based on CO2 emissions in 2021.
- *2: Based on energy consumption (per unit of sales) in 2021.
- Scope of coverage: Changed from the Group's major domestic sites to all domestic and overseas sites (as of December 2023).
- Base year: Changed from 2015 to 2021 due to the expanded scope of coverage.
