NOF Corporation — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2024· 1 event
Following the merger of Nippon Koki Co., Ltd. and HOKKAIDO NOF CORPORATION on April 1, 2024.
sustainability_report p.4
2023· 16 events
NOF Group materiality issues mapped to SDGs including 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17.
sustainability_report p.42
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.
sustainability_report p.2
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.
sustainability_report p.54
The purchase ratio of RSPO-certified oil in fiscal 2023 was about 13%, about double that of fiscal 2022.
sustainability_report p.10
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.
sustainability_report p.72
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.
sustainability_report p.79
Promoting initiatives for a sustainable society including production of raw materials for chemicals made from biomass. Switching from petrochemical-based raw materials to plant-based raw materials, utilization of biomass chemicals, and carbon recycling (solvent recycling). RSPO-certified oil purchase ratio reached ~13% in fiscal 2023, double the previous year.
sustainability_report p.58
NOF Group aims to become carbon neutral in 2050 through phased approach: Phase 1 energy conservation, Phase 2 conversion to renewable energy, Phase 3 new processes and technologies.
sustainability_report p.57
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.
sustainability_report p.70
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).
sustainability_report p.62
Developing products that contribute to climate change mitigation and adaptation: anti-corrosive coatings for EV components and wind power blades, biodegradable lubricants for ships and offshore wind, organic peroxides for cross-linked polyethylene used in high-voltage wires from renewable generation, base materials for refrigerating oils (alternative CFCs). Market scale for these opportunities is rated Large.
sustainability_report p.60
The domestic Group has set a target of reducing greenhouse gas emissions in 2030 by 40% compared to fiscal 2013 levels, with carbon neutrality aim by 2050. Strategic investment of ¥2.1 billion for environmental response in 2025 Mid-term Management Plan.
sustainability_report p.57
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).
sustainability_report p.65
In Phase 2 of the carbon neutral roadmap, NOF is working on conversion to renewable energy sources, including considering the introduction of Internal Carbon Pricing (ICP), electrifying non-electrified facilities, converting energy sources by reviewing production processes, and introducing electricity certified to come from non-fossil fuel sources. NiGK Corporation has installed solar panels in Kawagoe. Head Office purchases electricity certified to come from non-fossil fuel sources.
sustainability_report p.57
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.
sustainability_report p.79
At the Aichi Works, NOF manufactures products using perfluorocarbon (PFC), which has high global warming coefficient, as diluent for organic peroxides. In fiscal 2023, PFC emissions decreased approximately 37% from fiscal 2022 due to facility improvements (from 12.0 to 7.5 thousand tons CO2). Going forward, aim to reduce emissions through maintaining steady operation of recovery equipment and promoting use of alternative diluent.
sustainability_report p.63
2022· 1 event
In April 2022, the NOF Group announced its support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
sustainability_report p.56