The OLC Group has established the OLC Group Environmental Policy that sets forth guidelines for action and our philosophy governing the OLC Group's environmental activities. This policy was approved by the Board of Directors. The OLC Group will clarify the roles and responsibilities for implementation of environmental management policy and commit to continuously improving our environmental performance.

The OLC Group established “The OLC Group Procurement Policy” that includes environmental issues to be considered throughout our entire supply chain in May 2022.  Also, the OLC Group has the “The OLC Group Vendors Code of Conduct” in place for our suppliers. 
To encourage our suppliers to advance their measures for environmental protection, the Code of Conduct prescribes our efforts to reduce all kinds of environmental impact, as well as to comply with laws, regulations, and other standards, for the purpose of preventing global warming and environmental contamination as well as giving consideration to biodiversity. In April 2024, we revised the Vendors Code of Conduct, adding some new items, including our approach to environmental issues and responsible raw materials procurement, and explicitly presenting implementation details.

The OLC Group has a committee in place to promote environmental initiatives.

Recognizing environmental issues including climate change as an important managerial challenge to be addressed, our Board of Directors resolved to set “Measures to address climate change and natural disasters” and “Recycling-oriented society” as areas of our ESG Materiality, and monitor the progress made in our related plans.

The OLC Group has established an Environment Committee chaired by the Director of the Corporate Strategy Planning Division (Executive Director and Executive Officer). The committee is responsible for planning and setting targets for the Company’s environmental activities including against climate change and comprises three subcommittees*. These subcommittees conduct fact-finding surveys, devise strategies for addressing environmental issues, and implement initiatives to reduce environmental impact. Through the Environment Committee, targets and plans regarding environmental actions are reported to the Board of Directors annually.

*Subcommittee on Climate Change, Subcommittee on Chemicals Management, and Subcommittee on Resource Recycling (as of October 2023).

The OLC Group has been conducting internal environmental audits on specific themes each year.
In previous fiscal years, the Environment Committee secretariat audited related departments and Group companies. In FY2022, the Internal Auditing Department took charge and audited the Environment Committee secretariat and the Subcommittee on Climate Change to discern whether the management cycle for addressing the sustainability issue of “climate change,” which is one of the most critical risks (strategic risks) identified by the OLC Group, was functioning properly and effectively (all organizations of the OLC Group including consolidated subsidiaries are subject to the audit).
In FY2023, the OLC Group performed an additional audit on measures aimed at countering climate change. An audit on the shift to a recycling-oriented society is scheduled for FY2024.

The OLC Group has been publishing an environmental series on the intranet and in our in-house newsletter to raise employee awareness of the importance of environmental conservation.
In addition, we showed environmental awareness videos at employee cafeterias and on-site buses to gain wider recognition of the OLC Group's environmental targets and environmental activities among our employees.
Furthermore, the Subcommittee on Climate Change called for ideas on saving energy at the workplace, encouraging all employees to take spontaneous actions to save power. In the summer of 2023, the initiative led to the saving of approximately 995 kWh of energy.
The Subcommittee on Climate Change and Subcommittee on Resource Recycling present awards in recognition of distinguished initiatives undertaken by divisions and Group companies. The award ceremonies help enhance employee engagement and spread enthusiasm for environmental action across the OLC Group.
We thus take advantage of different opportunities to offer environmental education through various activities.

The OLC Group has set the following targets for “Measures to address climate change and natural disasters,” our ESG Materiality.

The OLC Group ensures that information on environmental laws and regulations is shared across the OLC Group by using a checklist and keeps track of legal revisions with support from relevant external service providers.
In FY2023, no serious accidents concerning the environment occurred nor were we required to pay any environmental penalties.

Data on environmental performance.