Disclosure based on TCFD recommendations

Supporting the TCFD and disclosing information based on its recommendations

Our group has set ``realizing a decarbonized society and contributing to an environmentally friendly recycling-oriented society'' as one of our key sustainability-related issues (materiality), and responding to climate change is particularly important. We position this as one of our management issues. Therefore, in June 2023, we announced our support for the TCFD (Task Force on Climate-related Financial Disclosures) recommendations, and based on the framework of the recommendations, we announced that we would We have disclosed information.

TCFD: An international framework that encourages companies to specifically disclose climate change-related risks, opportunities, and initiatives.

Supporting the TCFD and disclosing information based on its recommendations

For more detailed disclosure information, please see below.

Information disclosure based on TCFD recommendations (PDF: 1.3MB)

governance

In order to respond systematically to climate change, we have established a Sustainability Committee chaired by the President and Representative Director, which serves as an advisory body to the Management Committee and identifies, evaluates, and manages climate change-related risks and opportunities. Furthermore, the committee will set targets for GHG emission reductions, plan and plan measures, and monitor progress, and report to the management committee. The results are reported to the Board of Directors, and important matters are resolved at the Board of Directors, thereby creating an effective system.

strategy

Regarding climate change scenarios, we assumed two scenarios of temperature rise from before the industrial revolution: 1.5℃ and 4℃, identified risks and opportunities, considered countermeasures, and analyzed the financial impact as of fiscal 2030. I did it.

Major classification	Middle classification	identified risks	Impact		Time axis	influence	counter-measure
Major classification	Middle classification	identified risks	1.5℃	4℃	Time axis	influence	counter-measure
Transition risk	policy and law	Cost increase due to introduction of carbon tax	Big	During ~	During ~	Increase in payment costs due to introduction of carbon tax imposed on GHG emissions	Updating to low-emission vehicles Upgrading to natural refrigerant equipment in freezing and refrigeration equipment Promoting the introduction of renewable energy
		Increase in vehicle purchase costs due to conversion to low-carbon vehicles	Big	small	During ~	Increase in purchasing costs due to replacement with expensive low-carbon vehicles such as EVs and FCVs	Planned vehicle renewal using subsidies Efficient use of company vehicles by promoting joint transportation and modal shift
		Increase in capital investment costs due to stricter regulations on refrigerants such as CFC substitutes	During ~	small	During ~	Increased costs associated with upgrading to natural refrigerant equipment due to stricter regulations on refrigeration and freezing equipment that use CFC substitutes	Planned equipment renewal using subsidies
	Technical reputation	Sales decline due to lack of response to customers who place emphasis on low-carbon transportation	Big	small	During ~	Lost customers and decreased sales due to insufficient response to increased demand for low-carbon transportation due to increased environmental awareness among customers and strengthened efforts to reduce GHG emissions	Expand environmentally friendly services, such as visualizing CO₂ emissions through DX and introducing low-emission transportation such as joint transportation and modal shift.
physical risk	acute	Increase in facility damage and compensation costs due to severe wind and flood damage	During ~	Big	short	Due to the increasing frequency of wind and flood damage caused by rising temperatures, damage to warehouse equipment and consigned cargo is occurring, resulting in repair costs and compensation costs.	Decentralization of bases Expansion of in-house power generation equipment to prevent freezing and refrigeration equipment from shutting down Securing alternative transportation routes
	acute	Increase in repair costs for coastal area logistics bases due to sea level rise	During ~	Big	During ~	The probability of flooding due to storm surge due to sea level rise is increasing, and repair costs will be incurred due to damage to buildings and equipment at warehouses and business offices.	Strengthening BCP measures at bases where flooding and storm surge damage is expected in coastal areas Decentralization of bases
	chronic	Decrease in work efficiency due to rising temperature and increase in costs for countermeasures (air conditioning, etc.)	small	Big	During ~	Employee work efficiency and productivity will decline as temperatures rise, and air conditioning costs will increase to deal with this.	Improving warehouse work efficiency and saving labor through DX such as work robots and electronic tags Efficient entry and exit management in freezing and refrigeration equipment
opportunity	resource efficiency	Reducing fuel costs by improving vehicle fuel efficiency	Big	small	During ~	Fuel cost reduction due to improved fuel efficiency with the introduction of EV/FCV	Introduction of low-emission vehicles such as EVs and FCVs Promotion of eco-driving
		Improving logistics efficiency by introducing new means of transportation	During ~	small	During ~	The introduction of DX to improve energy efficiency and expand low-emission logistics services will contribute to cost reductions by improving work efficiency and reducing equipment such as owned vehicles.	Expansion of efficient transportation methods such as modal shift, joint transportation and delivery, unmanned driving, and introduction of new transportation methods such as drones
		Increase in sales by providing new services utilizing DX/IoT	Big	small	During ~	Increased sales due to improved energy efficiency through the introduction of DX/IoT and expansion of low-emission logistics services that are chosen by customers with high environmental consciousness.	Expansion of services that enable visualization of CO₂ emissions at the transportation stage Optimization of Inventry Control using electronic tags, etc. Improving the efficiency of warehouse operations by introducing robots, etc.
	Energy source	Acquire customers and increase sales by introducing environmentally friendly services	Big	small	During ~	Sales will increase as environmentally conscious services that use lower-emission transportation methods and fuel are chosen by environmentally conscious customers.	Transition to transportation modes with less environmental impact Selecting transportation methods that use fuels with low environmental impact such as SAF Entering new businesses such as renewable energy generation and electricity sales Entered the EV station business
	market	Increase in profits through new business development into EVs, hydrogen fuel, etc.	Big	small	long	Increase sales by entering and expanding EV and hydrogen-related businesses and developing new markets	Contract transportation of EV-related parts Import and storage of Finished Car Entering the domestic transportation and import business of alternative fuels such as hydrogen and ammonia
	resilience	Increased sales due to increased trust from customers by maintaining logistics functions and transporting goods in the event of a disaster	small	During ~	During ~	Increase sales by strengthening measures and collaboration to minimize damage during disasters and gaining trust from customers.	Strengthen BCP through business alliances with other companies regarding disaster response Decentralization of logistics bases

Time axis

Short-term: Fiscal year 2026, the end of the 7th medium-term management plan
Mid-term: FY2030
Long term: FY2050

Financial impact

Assess financial impact based on qualitative and quantitative perspectives as large, medium, or small

Evaluation based on the amount of activity of Nissin Co., Ltd. on a non-consolidated basis. Some scenarios with temperatures below 2°C are also included.

Risk management

Based on risk management rules, we have established a risk management committee chaired by the executive officer in charge of risk management, in order to identify risks that have a significant impact on management from a company-wide perspective and take appropriate responses. In particular, climate change-related risks are evaluated and monitored from a company-wide perspective by the Risk Management Committee, in addition to the Sustainability Committee. Furthermore, risks identified as important risks by the Risk Management Committee are recognized as important risks for the group after discussion and approval by the Management Committee and the Board of Directors, and countermeasures are considered and implemented.

Metrics and goals

index

In order to respond to climate change risks and opportunities and measure their effects, we use greenhouse gas (GHG) emissions (Scope 1, Scope 2) as an indicator.

the goal

2020 With fiscal year as the base year, 2030 By fiscal year GHG emissions 42 % reduction target ^* is being set. 2050 We will strive to further reduce emissions with the aim of achieving carbon neutrality for the fiscal year.

The scope of the target is Nissin Co., Ltd. on a non-consolidated basis.

GHG emission reduction target (Scope 1/Scope 2)

Also recommended

Medium-term management plan

value creation process

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