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· 2 events
Following the merger of Nippon Koki Co., Ltd. and HOKKAIDO NOF CORPORATION on April 1, 2024.
sustainability_report p.4
Nippon Koki Co., Ltd. merged with HOKKAIDO NOF CORPORATION on April 1, 2024.
sustainability_report p.4
2023· 32 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
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
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
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
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
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
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
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
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
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
Set a 40% reduction from FY2013 level as a 2030 target with the aim of achieving carbon neutrality by 2050. Domestic Group basis.
sustainability_report p.26
NOF Group aims to become carbon neutral by 2050 by considering new processes and technologies alongside reducing the financial burden associated with transition risks.
sustainability_report p.10
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
In April 2023, the NOF Group shifted to have a new Corporate Philosophy and Guiding Framework, with business slogan 'From the Biosphere to Outer Space'.
sustainability_report p.2
Developing products for electric vehicles (anti-corrosive coatings for bolts, lubricants for electronic units, anti-fog agents for LED headlamps, resin additives for noise reduction) and wind/solar power generation (anti-corrosive coatings for bolts, biodegradable lubricants for gear oil, organic peroxides for cross-linked polyethylene for high-voltage wires). Expected market scale Large for EVs. These avoided/enabled emissions support customer decarbonisation.
sustainability_report p.60
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
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
Considering the introduction of Internal Carbon Pricing (ICP) as part of Phase 2 toward carbon neutrality.
sustainability_report p.57
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
Since FY2023, the NOF Group has been conducting analysis in accordance with the LEAP approach required by TNFD to identify and assess nature-related risks and opportunities.
sustainability_report p.70
Target to increase ratio of female management-level employees by Over 3-fold by 2030 compared to FY2021 baseline of 4.8%.
sustainability_report p.54
Set a KPI of reducing emissions of PRTR Act-controlled substances to 170 tons or less each year.
sustainability_report p.65
Nippon Koki Co., Ltd. owns approximately 149 hectares of forest in Fukushima Prefecture, certified as having absorbed 282 tons of CO2 through forest maintenance activities under the Fukushima Prefecture Carbon Dioxide Absorption Certification System. NOF METAL COATINGS supports forest maintenance under the Kanagawa Forest Restoration 50-Year Project on about 10 hectares, with forest areas absorbing about 247 tons of CO2 over five years. The company also participates in the Forest Restoration Partner System. These are nature-based carbon absorption activities rather than durable engineered removals like DAC or BECCS.
sustainability_report p.72
Phase 1 focuses on horizontal rollout of existing energy conservation through waste heat recovery and other energy conservation improvement activities, upgrading to high-efficiency equipment, and the introduction of solar power generation at the Daishi Plant. Strategic investment of ¥2.1 billion has been allocated to environmental response in the 2025 Mid-term Management Plan. Promoting electrification of vacuum generators that utilize steam, shifting boiler fuel to lower environmental impact options, and ongoing updates to high-efficiency boilers.
sustainability_report p.57
NOF set a KPI of reducing emissions of PRTR Act-controlled substances to 170 tons or less each year. Examining manufacturing methods that do not use PRTR Act-controlled substances, adopting alternative substances and environmentally friendly manufacturing methods, and optimizing operating conditions of recovery equipment to improve emission recovery rates. FY2023 emissions were 167 tons.
sustainability_report p.65
Continue to give consideration to the sustainability of raw materials procured. The purchase ratio of RSPO-certified oil in fiscal 2023 was about 13%, about double that of fiscal 2022. As customers' understanding of RSPO certification grows, NOF will continue aiming to increase the ratio of certified oil. Also switching from petrochemical-based raw materials to plant-based raw materials, utilizing biomass chemicals, and exploring carbon recycling (solvent recycling).
sustainability_report p.10
Promoting modal shifts and joint deliveries to reduce greenhouse gas emissions from transportation. The Oita site implements modal shifting. Safety data sheets and GHS labels manage hazard information for safe delivery with low environmental impact.
sustainability_report p.71
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
As Phase 2 of the GHG roadmap, NOF is working on the 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. The Kawasaki site purchases electricity certified to come from non-fossil fuel sources. NiGK Corporation has installed solar panels at the Kawagoe site, and the Daishi Plant has on-site solar power generation.
sustainability_report p.57
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