Approach and Activities on Climate Change
While globalization has brought about economic development, environmental issues such as climate change are having various impacts on our lives, the Earth, and flora and fauna. Based on its corporate philosophy of “"Creatively and Actively Contribute to Society”, the JSP Group takes the lead in assuming significant responsibility for the environment as a global company. It aims to achieve carbon neutrality by 2050 and promote recycling, reduction of environmental impact, and development of bio-based products through the JSP Group's technological capabilities. By providing products that consider the environment and society, the JSP Group contributes to the realization of a sustainable society.
Information Disclosures Based on TCFD Recommendations
JSP declared its support for recommendations by the Task Force on Climate-related Financial Disclosures (TCFD) in December 2021. Seeing climate change-related events as business risks, we aim 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.
Governance and Risk Management
Governance
The JSP Group is working to achieve sustainability through a company-wide sustainability promotion system. The Board of Directors, chaired by the President, oversees sustainability-related risks and opportunities in management activities and plays a governance role.
Risk Management
The JSP Group has set “Contribute to society by supplying foamed plastic products ” and “Stregthen the management base” as the basic concepts in its medium-term management plan starting in fiscal 2024. The JSP Group also identifies key issues (materiality) that should be addressed as part of its sustainability management, and implements risk management by identifying risks and opportunities related to these issues.
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 responsible productsAll foamed plastics are resource-saving materials and are "environmentally responsible 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 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.
Introduction of Products that Contribute to the Recycling of Plastic Resources
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 90% recycled raw materials.
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
| 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 |
| 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 responsible products ● Assess product life cycle and strengthen communication of information ● Enhance establishment of recycling chains |
| Opportunity | Opportunity product and Construction method |
|---|---|
| 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 ● L-BLOCK ACE RE ● MIRAPEEL ● ECORODIA |
| 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 |
| 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 and Construction method |
|---|---|
| Increased demand for construction and civil engineering for recovery from damage due to weather-related disaster |
● J-WALLBLOCK ● Triple layer cushioning structure ● STYRODIABLOCK ● MIRAROAD |
| Increased demand for civil engineering reinforcement and durable life extension to strengthen disaster prevention |
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.
(Unit: 1,000t-CO2)
| FY |
FY2013 Result |
FY2023 Result |
FY2024 Result |
FY2025 (Preliminary result) |
FY2030 Target |
|---|---|---|---|---|---|
| Scope1 | 116 | 96 | 99 | 95 | - |
| Scope2 | 115 | 88 | 91 | 84 | - |
| Total | 231 | 185 | 190 | 180 | 186 |
| FY | FY2023 Result | FY2024 Result | FY2025 (Preliminary result) | FY2030 Target | FY2050 Target |
|---|---|---|---|---|---|
| GHG reduction rate VS.2013 | -20.1% | -17.7% | -22.1％ | ‐15％ or more | Net zero |
| GHG reduction rate per unit of production VS.2013 | -20.1% | -16.9% | -22.8% | ‐30％ or more |
1. Emissions intensity = Annual GHG emissions (t-CO2) ÷ Annual sales volume (t)
2. Based on the GHG Protocol, the international standard for GHG emissions calculation and reporting, we expanded the scope of calculation starting in fiscal year 2025.
3. After aggregating in 1-ton increments, amounts less than 1,000 t-CO2 are rounded down when converting to 1,000-ton increments.
4. Actual figures (final figures) for GHG emissions and GHG emission reduction rates will be posted on this website as soon as the results of the periodic report are finalized.
- 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)
JSP Corporation's actual GHG emissions at Scope3
(Unit: 1,000t-CO2)
| Category | FY2013 | FY2025 |
|---|---|---|
| ① Purchased goods and services | 411 | 310 |
| ② Capital goods | 10 | 8 |
| ③ Activities related to fuels and energy not includable in Scopes 1 and 2 | 11 | 10 |
| ④ Transportation and distribution (upstream) | 16 | 17 |
| ⑤ Waste generated in operations | 0 | 0 |
| ⑥ Business travel | 0 | 0 |
| ⑦ Employee commuting | 0 | 0 |
| ⑧ Leased assets (upstream) | 0 | 1 |
| ⑨ Transportation and distribution (downstream) | 16 | 14 |
| ⑩ Processing of sold products | 228 | 213 |
| ⑪ Use of sold products ※2 | - | - |
| ⑫ End-of-life treatment of sold products | 99 | 75 |
| ⑬ Leased assets (downstream) ※2 | - | - |
| ⑭ Franchises ※3 | - | - |
| ⑮ Investments ※3 | - | - |
| Total | 795 | 651 |
※1. Figures are aggregated in units of one metric ton and then converted to units of 1,000 metric tons.
Amounts of less than 1,000 metric tons of CO₂ are rounded down. Therefore, the sum of individual items may not equal the total.
※2. Due to the difficulty of collecting the data necessary for the calculation, this item has been excluded from the calculation.
※3. As there are no applicable activities, this item has been excluded from the calculation.
※This roadmap was prepared based on information available as of August 2026.