The Nittobo Group is committed to promoting energy-saving initiatives and expanding the use of renewable energy to reduce greenhouse gases, which have become a global issue. In addition, with the aim of contributing to the decarbonization of society as a whole, we are working toward reducing CO₂ emissions through eco-conscious products and decreasing CO₂ emissions from the supply chain.

In May 2022, the Nittobo Group has endorsed the recommendations made by the Task Force on Climate-related Financial Disclosure (TCFD). In line with these recommendations, the Nittobo Group is committed to promoting the disclosure of information on climate change.

The Sustainability Committee, chaired by the Director, Representative and Chief Executive Officer, was established in April 2021 as a body to implement the Nittobo Group's initiatives to address climate change. The committee meets every quarter to manage the progress of activities, such as gathering information on climate change issues, assuming risks, formulating countermeasures, and planning internal education and awareness programs. Important matters that are discussed and decided are reported to the Board of Directors for lively deliberation.

We analyzed the impact of all Nittobo Group operations on climate change for the year 2030, with reference to scenarios drawn up by the Intergovernmental Panel on Climate Change (IPCC), the International Energy Agency (IEA), and other expert organizations.
The risks posed by climate change can be divided into those associated with transitioning to a low-carbon society (transition risks) and physical impacts (physical risks). Assuming a scenario in which the average global temperature increase is less than 1.5 degrees Celsius or 4 degrees Celsius above pre-industrial levels, we have identified items that are likely to have a high impact with respect to each opportunity and risk. We will continue to review our action plans as appropriate in response to changes in the external environment and reflect them in such plans.

The Nittobo Group's Sustainability Committee and Risk Management Committee are responsible for the planning and progress management of CO₂ emission reductions across the Group.
In order to identify and assess the impact of climate change on the Group's operations, climate change opportunities and risks are identified, analyzed, and addressed appropriately by the Sustainability Committee and Board of Directors, as necessary.

The Group has identified "supplying products and services that help resolve energy and environmental issues" and "adapting to climate change and a resource-recycling society" as important material issues. These are society-wide issues that we will focus on through our corporate activities, and we are working to reduce the burden of climate change and prevent global warming by improving productivity, carrying out energy-saving activities, using energy efficiently through recycling, and utilizing solar power. In order to achieve carbon neutrality by fiscal 2050, we will advance initiatives towards decarbonization through our supply chain through all possible measures.

When the Nittobo Group formulated Big VISION 2030 and the Mid-Term Business Plan (FY2021–2023), we set a total CO₂ emission reduction target of 8% (compared to fiscal 2013). Since then, we decided to raise the target to 30% in light of the subsequent COP26 and the Japanese government’s new reduction target for fiscal 2030. The decision was based on discussions undertaken by the Sustainability Committee. In addition, we have set the new target of achieving carbon neutrality by fiscal 2050, and are implementing initiatives to contribute to decarbonization throughout our supply chain.