The planet’s air, water, land, and other elements interact with each other to form a healthy foundation for the survival of living things and a rich biodiversity. Moreover, human lifestyle and economic activities develop sustainably through the use of the Earth’s valuable natural capital and the social capital generated in the course of wide-ranging activities. SEKISUI CHEMICAL Group is working to help create this kind of planet and society and has positioned the environment as a materiality (key focus area) of its ESG management.
We have also identified long-term targets and initiatives in our Long-term Environmental Management Vision, SEKISUI Environment Sustainability Vision 2050. Recognizing climate change, resource recycling, and water-related risks as important issues, we are promoting efforts to reduce GHG emissions and promote the recycling of resources. Not to mention the need to prevent further deterioration of natural capital, including steps to reduce the impact on ecosystems, we are endeavoring to provide returns to natural and social capital through such measures as sales expansion of products to enhance sustainability and are engaging in business activities on a daily basis with the aim of realizing an earth with maintained biodiversity.
As far as our approach toward climate change is concerned, which we recognize as our most important challenge, we reanalyzed the risks and opportunities related to this issue. In response to efforts aimed at accelerating targets as a result of initiatives taken to date, we also revised our strategy based on the roadmap laid to maintain the increase in temperature to less than 1.5°C in fiscal 2022, the final year of our current Medium-term Management Plan. In addition, we acknowledge the critical need to reduce greenhouse gas emissions not only in our corporate activities, but also across the supply chain as a whole in order to contribute to the realization of a truly decarbonized society. With this in mind, we have adopted a strategy that prioritizes resource recycling and are strengthening efforts in collaboration with the supply chain.
Under the Medium-term Management Plan starting from fiscal 2023, we will focus on accelerating the shift to renewable energy for purchased power and reducing fuel-derived GHG emissions in a bid to address the risks associated with climate change. As far as resource recycling is concerned, we will focus on the resource conversion of raw material resins, increasing the material recycling rate for waste plastics. From a water-related risks perspective, we will place particular emphasis on reducing Water intake volume and COD emission volumes while minimizing the impact of our business. Furthermore, we will renew our understanding toward the interrelated nature of such environmental issues as climate change, resource recycling, water-related risks, and biodiversity, and bolster efforts to consider solutions that do not involve trade-offs throughout the product lifecycle as we carry out these endeavors.
Note: Natural capital:A term that refers to physical resources from nature, such as soil, air, water, minerals, flora and fauna, as well as biological capital, human capital, and social capital.
Social capital:A term that refers to the social infrastructure and facilities that form the basis of production activities and living environments, such as roadwork, housing, ports, airports, railroads, water supply and sewerage systems, public parks, educational facilities, social welfare facilities, electricity, gas, and hospitals.