株式会社JSP

Approach and Activities on Climate Change

While economic development is driven by globalization, environmental issues such as climate change are causing various impacts on the planet, animals and plants, including on our own lives. Based on our corporate philosophy of "Creatively and Actively Contribute to Society”, the JSP Group takes initiative in accepting greater responsibility for the environment as a global company and contributes towards the realization of a sustainable society by providing environmentally and socially friendly products through the development of environmentally friendly technologies with the aim of achieving carbon neutrality by 2050.

Information Disclosures Based on the TCFD Recommendations

JSP declared to support the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) in December 2021. JSP sees climate change-related events as a business risk and aims to respond to them while identifying new opportunities to enhance corporate value.
In addition, JSP views the TCFD recommendations as an effective framework for organically and practically promoting activities to realize a sustainable society and will use the TCFD as a tool for dialogue with various stakeholders.
By addressing climate change, JSP aims to increase social and economic value and realize the corporate philosophy of "Creatively and Actively Contribute to Society” as a true global supplier.

Materiality Relationship Chart

Company-wide Sustainability Promotion Structure

JSP's response to climate change will be based on the Company-wide Sustainability Promotion Structure.
Board of Directors, chaired by the President, is responsible for governance and oversees the impact of climate-related issues on management activities.
Executive Officers Meeting is responsible for managing climate-related risks, carrying out reviews and making decisions on responses.
In order to consider specific measures on climate change in the Executive Officers Meeting, information on global trends and requests is collected and the situation and risks are analyzed on a cross-functional basis through both sustainability promotion activities and Responsible Care activities.
Sustainability Promotion Committee, an advisory body to Executive Officers Meeting, is convened to discuss policies and measures to be taken on particularly important issues.
Sustainability Promotion Department (current Sustainability Promotion Group), established in April 2021, established in April 2021, serves as the organizer of the Sustainability Promotion Committee and ensures that company-wide sustainability promotion activities including response to climate change function effectively.
Entire Company refers to business divisions, corporate divisions, plants, research centers, group companies, etc., which implement sustainability promotion activities.
Specific issues related to reduction of energy consumption and greenhouse gas (GHG) emission are discussed at Responsible Care Meeting, Energy Conservation Promotion Managers Meeting, and Environment Safety Promotion Meeting. Through the establishment of these various meetings, we have set up a system to manage and share essential information on energy and GHG emission reductions.

Strategies

The JSP Group's strategies on climate change are developed by conducting scenario analysis. The JSP Group uses two scenarios: one in which global average temperature increase is limited to 1.5°C above pre-industrial levels (1.5°C scenario) and one in which global average temperature increase is 4°C above pre-industrial levels (4°C scenario). In addition, we assess the impact in business model theoretically derived from the risks and opportunities analyzed based on the scenarios and consider responses.

　1. Contribute to climate change mitigation by further promoting environmentally friendly products

All foamed plastics are resource-saving materials and are "environmentally friendly products" that contribute to reducing environmental impact by reducing CO₂ emissions. Among them, we will contribute to climate change mitigation by positioning products that can make a significant contribution to climate change, national land resilience, and disaster recovery as "climate change-responsive products" and focusing on their widespread use.

Introduction of climate change-responsive products

MIRAFOAM Λ

MIRAFOAM Λ is a high-performance, next-generation thermal insulation material developed by JSP using its accumulated plastic foaming technologies.
By adding special technology to MIRAFOAM, JSP has succeeded in further improving its thermal insulation performance, which was previously considered a limitation of extruded polystyrene foam, achieving a thermal conductivity of 0.022 W/m-K.
With the promotion of higher thermal insulation houses, expectations are high for this revolutionary heat insulation material to make a significant contribution to reducing GHG emissions.

　2. Contribute to the recycling of plastic resources by promoting recycling activities

Introduction of Products that Contribute to the Recycling of Plastic Resources

ARPRO REvolution

ARPRO RE, expanded polypropylene made from recycled polypropylene, has been adopted in the market. We have further expanded our recycling activities by developing ARPRO RE OCEAN, a product made from recycled raw materials such as fishing nets and other marine waste, thereby contributing to the reduction of CO₂ emissions and the reuse of marine waste.
We have also developed ARPRO REvolution, a product that uses almost 100% recycled raw materials.

　3. Contribute to climate change mitigation by reducing GHG emissions and using energy more efficiently

Scenario Analysis for Strategy Development

Assumptions for Scenario Analysis

Target Year: FY2030
Target Entity: JSP Corporation (Non-consolidated)
Scenario: Scenario in which global average temperature increase is limited to 1.5°C above pre-industrial levels and scenario in which global average temperature increase is 4°C above pre-industrial levels
※ Scenario analysis was conducted using SSP-1 (sustainable) and SSP-3 (regional fragmentation) from the "Japanese SSP" published by the National Institute for Environmental Studies based on the "Shared Socio-Economic Pathways (SSP)" published by the Intergovernmental Panel on Climate Change (IPCC).
Evaluate the impact of risks and opportunities on the entire business portfolio and develop response strategies

＊List of transition risks and opportunities under 1.5°C scenario＊

Transition risk		Impact assessment	Key response
Policy	Increase in carbon prices	Increase in operating costs	Reduce GHG emissions through promotion of energy conservation
			Promote introduction of renewable energy
			Reduce GHG emissions through logistics optimization
	Introduction of a percentage standard for the use of recycled resources	Increase in costs caused by competition for recycled raw materials	Diversify recycled raw materials suppliers
			Enhance development of products using recycled raw materials
Technology	Increased competition with competing materials	Deterioration in earnings of existing products	Further promotion of material recycling
			Work on chemical recycling as an industry organization
			Assess and reduce environmental impact (GHG emissions, water consumption, etc.) and communicate information
			Promote development of bio-based products
Market/Reputation	Sudden fluctuations in raw material prices and formation of negative image of fossil-based raw materials	Deterioration in earnings of existing businesses	Further promotion of material recycling
			Strengthen communication of information on GHG emission reductions through climate change-responsive products
			Strengthen communication of information on environmentally friendly products
			Assess product life cycle and strengthen communication of information
			Enhance establishment of recycling chains

Opportunity	Opportunity product
Increased demand for products that contribute to energy savings in housing	MIRAFOAM, MIRAFOAM Λ
Expansion of the market for recycled products	ARPRO RE, ARPRO RE OCEAN, ARPRO REvolution
Increased demand for lightweight components due to expansion of the EV market	ARPRO, ARPRO LC
Increased demand for bio-based products	MIRABLOCK-Bio, LACTIF, MIRAMAT ACE-Bio
Increased demand for energy-saving construction and work with shortened construction periods in efficient and hub-connected cities	J-WALLBLOCK
	Foam-support construction method
	Triple layer cushioning structure
	STYRODIABLOCK

＊List of physical risks and opportunities under 4°C scenario＊

Physical risk	Impact assessment	Key response
Intensification of weather-related disasters due to rising temperatures	Increased impact on plant operation	Develop BCP
		Develop disaster prevention measures such as flood defense walls
		Insurance against weather-related damage
	Increased impact on transportation	Diversify recycled raw materials supplier
Water shortage	Increased impact on plant operation	Enhance development of manufacturing methods with water circulation and lower water consumption

Opportunity	Opportunity product
Increased demand for construction and civil engineering for recovery from damage due to weather-related disaster Increased demand for civil engineering reinforcement and durable life extension to strengthen disaster prevention	J-WALLBLOCK
	Triple layer cushioning structure
	STYRODIABLOCK

Indicators and Targets

GHG emissions reduction is a global corporate responsibility, and we have set indicators and targets for the JSP Group.
It should be noted that in order to achieve carbon neutrality in 2050, CCUS (Carbon dioxide Capture, Utilization and Storage: a technology for capturing, utilizing and storing CO₂ so that it is not released into the atmosphere), which Japan is currently working to establish, must be implemented in the society. In addition, there are assumptions including that electric power companies will change their power sources from fossil fuels to non-fossil fuels that do not emit GHG.

* JSP Group’s actual and planned GHG emissions at Scope 1 & Scope 2 *

(Unit: t-CO₂)

	FY2013 Result	FY2022 Result	FY2023 Result	FY2030 Plan
GHG Emissions	218,773	195,723	178,938	186,505

* JSP Group’s actual and planned GHG emission reduction at Scope 1 & Scope 2 *

	FY2022 Result	FY2023 Result	FY2030 Target	FY2050 Target
GHG reduction rate vs. FY2013	-10.5％	-18.2％	-15％ or more	Net zero
GHG reduction rate per unit of production vs. FY2013※	-13.3%	-18.2%	-30% or more	Net zero

※GHG emissions per unit of production＝Annual GHG emission (t-CO₂）÷ Annual sales volume（t）

Assumptions of the Roadmap

Scope: GHG emissions of JSP Group at Scope 1 and Scope 2
GHG reduction target: Calculated based on the Act on the Rationalization etc. of Energy Use.

Roadmap for GHG emission reductions (FY2013 is taken as 100)

※This roadmap was prepared based on information available as of June 2024.

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