Initiatives to Reduce GHG Emissions

Among the seven material issues (materiality) of the Joshin Group, we have positioned “Contribute to a prosperous society in harmony with the global environment,” as one of the highest priority issues. In particular, to reduce GHG emissions, we have set the GHG emission reduction goals as the medium-term targets for GHG emissions by fiscal 2030: cut 42.0% in Scopes 1 and 2 compared with fiscal 2021, cut 25.0% in Scope 3 (Categories 1, 11) compared with fiscal 2021. We also applied for SBT certification in fiscal 2023. These goals are in line with 1.5°C surface temperature target that was agreed in the Paris Agreement, the international framework for combatting climate change. The goal is to hold the rise in global average surface temperature to less than 1.5°C over preindustrial levels.

For indirect GHG emissions (Scope 3) in the supply chain throughout the Joshin Group, carry out initiatives for acquiring primary data with suppliers in order to satisfy IFRS S2, which was developed in order to provide a global baseline for system disclosure based on the primary voluntary disclosure that was previously used for sustainability disclosure.