Environmental Vision and Long-Term Goals

Under the theme “people-friendly and Earth-friendly”, I-PEX aims to be a community-based company and promote environmental improvement activities to address climate change and achieve a sustainable, recycling-oriented society for future generations.

Through all our activities, we aim to reduce our impact on the environment and achieve sustainable environmental improvements. With the goal of becoming a company friendly to both the people and the environment, we are committed to taking action against climate change and to contributing to a recycling-oriented society.

Actions

1. Reduction of greenhouse gas emissions

We strive to reduce waste in our production processes, conserve energy and expand the use of renewable energy.

2. Efforts to protect the local environment

We promote activities to prevent air pollution, water pollution, soil contamination and noise pollution in local communities.

3. Efforts to protect the global environment

We establish and continuously improve a management system for substances hazardous to the environment.

4. Compliance with laws, regulations and requirements

We comply with relevant environmental laws and regulations, codes of conduct, customer requirements and other requirements.

5. Operation and continuous improvement of the environmental management system

We set and regularly review targets to reflect the various conditions of our business activities.
We conduct regular audits, implement environmental protection measures and continuously improve our environmental management system.

6. Environmental education and awareness activities

We document our environmental policy, communicate its contents to all employees and make it widely available.
We provide environmental training to our employees to increase their understanding and motivate them to solve environmental issues.

Revised on February 13, 2024
I-PEX Inc.
Koji Saito
ISO14001 Top Management
Executive Officer

We evaluate climate-related risks and opportunities in our business activities, working daily to tackle climate change— one of our points of materiality. Recognizing that proper disclosure of our climate change initiatives is vital for sustainable growth, we disclose such initiatives in accordance with the recommendations of the TCFD.

Governance (Role of Board of Directors and Oversight Framework)

The Sustainability Committee is chaired by one of the company's Managing Executive Officers and made up mainly of Executive Officers. The Committee meets, in principle, once a month to discuss topics considered most germane with respect to the points of materiality needed to enhance corporate value and issues requiring discussion from a global perspective.

Receiving regular reports on matters discussed and decided by the Sustainability Committee, the Board of Directors further reinforces our sustainability initiatives through its own deliberations, decision-making, and oversight.

Strategy

We conducted a qualitative analysis of climate change risks that could affect our business activities. Referring to scenarios from the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC), we examined the 1.5°C and 2°C scenario in terms of risks and opportunities in the transition toward carbon neutrality, and the 4°C scenario in terms of physical risks and opportunities arising from the advance of climate change.

Risks and Opportunities

After categorizing the main climate change risks and opportunities affecting the Group’s business based on external information, we analyzed and discussed risks and opportunities associated with the transition to a carbon neutral society as well as physical risks arising from the advance of climate change. We then identified the major risks and opportunities that could have an impact by 2050 on our business activities. We will continue to periodically analyze and evaluate risks and opportunities based on changes in external developments, calculating their financial impacts, developing specific response measures, and working to actively disclose information on our initiatives.

Major Risks and Opportunities

Risk Management

Recognizing that addressing climate-related issues is a key management issue not only in terms of mitigating risks but also in terms of new earnings opportunities, we have set up working groups tied to each of our points of materiality. Led by the Sustainability Committee, these working groups are working to put strategies in place to address each issue. Each working group manages the progress of actions aimed at resolving issues related to the points of materiality. After deliberation and approval by the Sustainability Committee, their findings are regularly reported to the Board of Directors. In this way, we are working to strengthen our risk management and create business opportunities.

Metrics and Targets

We have set a medium- to long-term goal for the Group of reducing Scope 1 and Scope 2 CO₂ emissions (for production and equivalent business sites) by 40% by 2030 (compared to fiscal year 2021 levels), aiming to achieve carbon neutrality by 2050.

CO₂ Emissions Results and Targets (for production and equivalent business sites)