Leaving an abundant global environment for future generations is a major responsibility for each one of us. You could also say that businesses, which have a greater social impact than individuals, are even more responsible for reducing their environmental impact, is aware of their environmental footprint and promotes initiatives to reduce it. In the construction industry, which has a deep connection to our business, there are daily increases in the need to select products that use measures for reducing CO2 emissions and recycle resources in the selection of procured materials during the design stage. We have determined that initiatives for solving problems related to the global environment are a major theme.
Taking these circumstances and the needs of the times into consideration, we are currently reviewing our materiality and addressing the three key environmental issues of climate change, resource recycling, and biodiversity. In terms of climate change initiatives, specifically GHG emissions (Scope 1 and Scope 2), Sangetsu Corporation aims to become carbon neutral by FY2029 while the Sangetsu Group as a whole aims to reduce emissions by 55% by FY2029 (compared to FY2021). Additionally, in Scope 3, we will continue to ascertain the conditions of the entire supply chain and clarify policies for reducing emissions.
Meanwhile, as for environment-related information disclosure, we declared support for the Task Force on Climate-Related Financial Disclosure (TCFD) recommendations in October 2021. We will fully execute plans in accordance with the recommendations in an effort to enhance initiatives and information disclosure based on climate-related risks and opportunities.
In support for the principles in the United Nations Global Compact, we became a signatory member in January 2022. As part of our efforts to resolve environmental issues, which is one of four fields advocated by the UN Global Compact, we are participating in the Environmental Management Subcommittee and its projects.
We place particular importance on initiatives such as SDGs Goal 11: “Sustainable Cities and Communities” as a target closely related to our business activities. We aim to reduce our environmental footprint throughout the supply chain with regards to climate change, recycling, and air, marine, and soil pollution. Also, with consideration to the environment, we will contribute to realizing a sustainable society that protects the global environment through creating spaces that are comfortable and provide people with peace of mind and joy.
Environmental problems are pressing matters and we must tackle solving these problems from various perspectives of business activities, from product planning and development to manufacturing, procurement, proposals, delivery, installation, and disposal. Therefore, I believe that this requires the entire organization and all employees ferment an awareness of these problems and to steadily execute solutions. The Sangetsu Group will continue to take firm steps toward reducing our environmental footprint with the aim to become a company that brings an abundant global environment to the future with all of our stakeholders.
Yasumasa Kondo
President and CEO
Sangetsu Corporation
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