Alignment with multiple UN SDGs NOF Group materiality issues mapped to SDGs including 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17.
▾ expand
TNFD LEAP approach analysis adopted Since FY2023, the NOF Group has been conducting analysis in accordance with the LEAP approach required by the Task Force on Nature-related Financial Disclosure (TNFD) to identify and assess risks and opportunities related to biodiversity.
▾ expand
Scope 3 expanded to consolidated Group including overseas affiliates From fiscal 2023, the scope of Scope 3 is calculated as a consolidated Group that includes major overseas affiliate companies (Categories 1, 2, 3, and 6).
▾ expand
New Corporate Philosophy and Guiding Framework, business unit reorganisation In April 2023, the NOF Group shifted to a new Corporate Philosophy and Guiding Framework. Business units reorganised; Oleo & Specialty Chemicals and Functional Chemicals & Polymers divisions merged into Functional Materials business.
▾ expand
Diversity & inclusion targets to 2030 Targets include: ratio of female management-level employees over 3-fold by 2030 vs 2021; 3% or more employees with disabilities by 2030; 100% male childcare leave by 2030; pay gap ratio 75% or more by 2030.
▾ expand
PRTR Act-controlled substance emissions <170 tons/year NOF has set a KPI of reducing emissions of PRTR Act-controlled substances to 170 tons or less each year. FY2023 emissions were 167 tons (NOF non-consolidated).
▾ expand
RSPO-certified oil purchase ratio doubled The purchase ratio of RSPO-certified oil in fiscal 2023 was about 13%, about double that of fiscal 2022.
▾ expand
Forest maintenance for carbon absorption (Nippon Koki) Nippon Koki Co., Ltd. owns approximately 149 hectares of forest in Fukushima Prefecture and has been certified under the Fukushima Prefecture Carbon Dioxide Absorption by Forest Maintenance Activities Certification System as having absorbed 282 tons of CO2 (2012-2013). NOF METAL COATINGS ASIA PACIFIC supports forest maintenance on about 10 hectares under the Kanagawa Forest Restoration 50-Year Project, with forests absorbing about 247 tons of CO2 over five years.
▾ expand
Primary: Energy conservation and high-efficiency equipment upgrades Phase 1 focused on horizontal rollout of existing energy conservation through waste heat recovery, energy conservation improvement activities, and upgrading to high-efficiency equipment. Ongoing updates to high-efficiency boilers, promoting electrification of vacuum generators that utilize steam, and shifting from heavy oil boiler fuel to lower-impact alternatives.
▾ expand
Primary: Process electrification and CFC regulatory control Promoting electrification of vacuum generators that previously utilized steam. Introducing equipment using natural refrigerants to address regulatory control of CFCs. Investments in energy conservation and efficiency improvement of manufacturing facilities to reduce CO2 emissions.
▾ expand
see 22 more events →