The OLC Group has established our Environmental Policy that sets forth guidelines for action and our philosophy governing our Group's environmental activities. This policy was approved by the Board of Directors. Our group will clarify the roles and responsibilities for implementation of environmental management policy and commit to continuously improve our environmental performance.
Environmental Philosophy
Bringing “Happiness” to future generations
We seek to work in harmony with the environment and society and pursue the sustainability of both through all our businesses to continue to offer wonderful dreams, moving experiences, delight and contentment well into the future and pass down a healthier Earth and business to the next generation.
The OLC Group Environmental Action Policy
- Our Group will make every effort to address global warming, conserve energy, reduce and recycle waste, use water resources efficiently, consider biodiversity, prevent pollution, and engage in green purchasing in all aspects of its business operations.
*We will also collaborate with the supply chain and various stakeholders in an effort to resolve environmental issues. - Our Group will comply with all statutory regulations and internal standards related to the environment.
- Our Group will establish, implement and review environmental objectives and targets on a regular basis.
- Our Group will offer education and training to all our employees so that they understand and can act independently in line with our Environmental Policy.
- Our Group will appropriately disclose information to stakeholders and strive to engage in good communication with them.
Regarding environmental activities, we have set our ESG materiality as “Measures to address climate change and natural disasters” and “Recycling-oriented society”
Our Group has set the following targets for “Measures to address climate change and natural disasters,” our ESG materiality.
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*Greenhouse gas emissions include Scope 1 and Scope 2
*Scope 2 emissions are calculated based on the market-based method.
Our Group has been taking actions to reduce waste and has set the following targets to contribute to “Recycling-oriented society,” our ESG materiality.
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Our Group endeavors to identify the diverse risks and opportunities stemming from environmental issues. Advancing climate change is expected to exacerbate natural disasters, including raising temperatures and sea levels, and causing serious typhoons and floods. Such events may affect the business of our Group in different ways. Meanwhile, if we can address these issues appropriately, we believe that we can strengthen our competitiveness and gain new business opportunities. Based on this belief, we have categorized the risks and opportunities related to climate change. Having endorsed the Task Force on Climate-Related Financial Disclosures (TCFD) in April 2022, our Group proceeds with the disclosure of information on the risks and opportunities related to climate change and their analyses.
Reference scenarios
Physical risks：RCP1.9,RCP2.6,RCP8.5
Transition risks：IEA B2DS,IEA 2DS,IEA SDS,IEA STEPS (previously IEA NPS)
Our Group established the “OLC Group Procurement Policy” that includes environmental issues to be considered throughout our entire supply chain in May 2022. Also, our Group has 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.
Our 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 our ESG materiality, and monitor the progress made in our related plans.
Our Group has established an Environmental Action Committee chaired by the Supervisor 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 is comprised of three subcommittees*. These subcommittees conduct fact-finding surveys, devise strategies for addressing environmental issues, and implement initiatives to reduce environmental impact.
Since FY 2010, the Chairperson of the Environmental Action Committee has been appointed to supervise our energy management pursuant to the Amended Act on the Rational Use of Energy with the goal of systematically performing the proactive conservation of energy. Through the Environmental Action Committee, targets and plans regarding environment actions are reported to the Board of Directors annually as well as when significant environmental issues come up. Approved by the Board of Directors, "Climate change and natural disasters" and "Circular economy" will be our focus area on environmental actions until 2030. We will establish plans of mitigations and adoptions to the climate change, while incorporating it to the business strategy.
*Subcommittee on Climate Change, Subcommittee on Chemicals Management, and Subcommittee on Resource Recycling (as of October 2022).
Our Group has been conducting internal environmental audit with specific topics each year.
In previous fiscal years, the Environmental Action Committee secretariat audited related departments and Group companies. In FY 2022, the Internal Auditing Department took charge and audited the Environmental Action 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).
Our Group ensures that information on environmental laws and regulations is shared across our Group by using a checklist and keeps track of legal revisions with support from relevant external service providers.
In FY 2022, no serious accidents concerning the environment occurred nor were we required to pay any environmental penalties.
Our 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.
We also held an in-house Environmental EXPO in an effort to showcase and gain wider recognition of our Group’s environmental activities among our employees.
In addition, the Subcommittee on Climate Change called for ideas on saving energy at the workplace, encouraging all employees to take spontaneous actions to save power.
We thus take advantage of different opportunities to offer environmental education through various activities.
