Sustainability Goals under the Medium-term Management Plan 2020
For the "Promotion of Sustainability Management" as set forth in the Medium-term Management Plan 2020, Sojitz will strive to further incorporate the perspective of sustainability* in management and more deeply merge its businesses with solutions to environmental and social issues.
(*Maximize the "Two types of Value," "Key Sustainability Issues")
As one approach, we have set "sustainability goals" for each Key Sustainability Issue (materiality) to achieve within the period of the Medium-term Management Plan 2020, Each goal is set to strategically increase sustainability through the promotion of various businesses and initiatives.
In working to achieve sustainability goals, each division along with corporate departments creates an annual action plan, and the president, as chairman of the Sustainability Committee, monitors the progress towards these goals. Furthermore, we disclose the results of each initiative annually to our stakeholders.
Major Progress in FY2019
Goal: Qualitatively grasp CO2 emissions from our business activities
・Management has held dialogues with business divisions and experts to deepen discussions concerning societal changes (external factors) caused by carbon dioxide reduction and decarbonization trends, as well as risks and opportunities for Sojitz.
⇒ Sojitz’s stakeholder dialogues
・Sojitz has conducted scenario analysis in our coal interests business. As a result, we have announced a policy of reducing the assets of our thermal coal interests to half or less by 2030.
⇒ Sojitz’s scenario analysis
Goal: Promote low-carbon businesses focused on decarbonization
・In the area of renewable energy, Sojitz has joined one of Taiwan’s largest offshore wind power projects, and we are making good progress with our domestic and overseas solar power businesses.
⇒ Information about the Taiwan offshore wind power project
・We are accepting orders for battery assembly equipment and charge-discharge inspection equipment for the development of new Nickel-Metal Hydride (NiMH) batteries.
Goal: Contribute to creating a recycling society
・We have exceeded our planned sales quantities in our sugarcane-derived green polyethylene business.
・In our aircraft part-out business, we have made good progress in both new procurement and parts sales.
Goal: Establish systems for enacting Group sustainability
・As part of the implementation of our wood procurement policy, we maintain 100% traceability for all wood products included in the targeted survey.
⇒ Initiatives based on the wood procurement policy
Goal: Promote businesses that grow together with developing countries
・We have made steady progress on various projects, including Palau International Airport, which began operations under the management of a Sojitz joint venture company.
⇒ News releases regarding Palau International Airport
・Sojitz acquired the sales agent license for four industrial parks being developed by a major Thai conglomerate.
⇒ News releases regarding the industrial park agent license
Other General Goals
・Overall, we have confirmed that we are making good progress overall.
・We will continue working to achieve the goals set out in Medium-Term Management Plan 2020 before the close of the plan.
Major Progress in FY2018
|Establishing Monitoring Systems
・We have adopted the ISO14001 environmental management framework, and have put systems in place to monitor the progress of all our sustainability goals, including those not related to the environment.
⇒ Click here to learn about Sojitz's environmental management systems
Environment (low-carbon, decarbonization)
・We have analyzed societal changes (external trends) brought about by the shift towards carbon reduction and decarbonization, as well as their effects on our businesses.
・We have conducted scenario analysis of our electric power generation businesses.
・We have announced our support for the Task Force on Climate-related Financial Disclosures (TCFD).
⇒ Click here to learn about our scenario analysis and our support for TCFD
・For the year ended March 31, 2019, we revised our priorities for conducting risk assessments in order to reduce human rights (and environmental) risks in a more systematic way.
・We have created a database of examples of manifest environmental and human rights risks worldwide and made it available on our company intranet, enabling employees to search for examples relevant to each business sector, in an effort to raise risk awareness where business is conducted.
Based on the above monitoring systems, we have confirmed that we are making good progress.