The group recognizes that climate change problems are an important issue in the environmental area of corporate sustainability. The Topre Group raised a CO₂ emissions reductions target in March 2022 and is advancing initiatives systematically towards its achievement.
Disclosure based on TCFD recommendations
Environmental initiatives
Response to TCFD Recommendations
In addition, the group has expressed its support for TCFD as an indication of its positive response to climate change. We will analyze scenarios of the risks and opportunities presented by climate change, and promote the disclosure of climate-related information in line with the TCFD framework. First, we have established the risks and opportunities in press-related products business in Automotive Equipment Division, which is the group’s main business and accounts for about 80% of sales.
Governance
The group has built a framework for initiatives headed by the Board of Directors, which is indicated in “Topre’s CSR (including SDGs).” The Board of Directors reviews reports on the results and plans of climate change measures, and discusses important issues related to climate change measures when they occur through the Director in charge of CSR and climate change measures.
※1：Automotive Equipment, Refrigeration Equipment,
Air Conditioning Equipment, Electronic Equipment
※2：Topre global systems: Internal Control Committee;
Operations, Purchasing and Quality Control
Headquarters; ISO14001 (Environment) Secretariat;
Safety and Health Committee
※3：Domestic companies: Toho Transportation,
Toprec, Topre Kyushu, Topre Tokai, Mitsuike
※4：Overseas companies: USA, China (3 companies), Thailand, Mexico, India
Strategy
The group analyzed two scenarios in regard to the impact of climate change on the company’s automotive equipment business, one with a global average temperature rise of four degrees celsius and one with a global average temperature rise of less than two degrees celsius, and identified the risks and opportunities in the “transition” and “physically,” in consideration of the size of the impact. The group will promote its response so that we can minimize the risks and create opportunities.
In addition to the further development of hot stamp processing technologies, the group is continuously developing technologies such as cold ultra high tensile plates processing technology, which will be effective in the reduction of CO₂ emissions by reducing fuel and weight during production, as an alternative technology to hot stamp processing. We are working to contribute to the future reduction of CO₂ emissions.
With regard to the financial impacts on profits and expenses, we select the degree of importance within the following scope based on forward-looking considerations by specialized departments and related parties as described in “Risk management.”
Assumed scenarios
below 2°C scenario
Scenario based on the assumption that temperature rise is kept below 2°C, In the achievement, it is assumed that the energy use without CO₂ emission is sufficiently carried out and the process can be circulated.
[Reference data]
・IPCC(The Intergovernmental Panel on Climate Change) SSP1-1.9/2.6
・IEA(International Energy Agency) NZE (Net-Zero Emissions by 2050 Scenario)
4°C scenario
Scenario in which average temperatures continue to rise without stronger decarbonization policies, and natural disasters become more frequent and severe. It is assumed that the energy use without CO₂ emission is not sufficiently carried out.
[Reference data]
・IPCC(The Intergovernmental Panel on Climate Change) SSP5-8.5
・IEA(International Energy Agency) STEPS (Stated Policies Scenario)
Major Risks and Opportunities
Financial impact :Large (10 billion yen or more), Medium (1 billion to less than 10 billion yen), Small (less than 1 billion yen)
Time horizon :Short (to 2026), Mid (to 2030), Long (to 2050)
Risk management
The group analyzes in detail corporate risks, including sustainability risks, in each division. Reevaluation is carried out once a year in each division and the results are reported to the Risk Management Subcommittee. Risks judged to be of high importance are listed and managed by the Risk Management Subcommittee. New risks that are judged to require the formulation of new plans or existing risks that are judged to require a review are considered and dealt with in each division without restrictions on the timing of the reevaluation of risk. The results are reflected in the reevaluation of risk.
The Risk Management Subcommittee asks each base to implement BCP initiatives with regard to risks on the list concerning all bases as required to enhance the BCP. Even if climate-related risks are not related to all bases, the Risk Management Subcommittee requests BCP initiatives as required based on the regional and geographical conditions of each base, and plans to manage them in relation to the risk management at each base.
In addition, Climate Change Countermeasures Department is promoting the group’s reduction of CO₂ emissions, but a dedicated department in charge of the promotion of carbon neutrality activities has been established separately in the large Automotive Equipment Division. In line with the TCFD framework, climate-related risks are evaluated and reviewed once a year by the dedicated department and related parties who grasp the latest information on the automotive industry, and the results are reported to the Board of Directors.
Indicators and targets
Topre Group CO₂ emissions reduction targets
Base year : FY2020
CO₂ emissions : 68.8 (kt-CO₂)
The Topre Group started rolling out its CO₂ emission reduction measures (energy conservation measures, installation of solar panels, etc.) in earnest at each base in Japan from fiscal year 2022 and plans to roll out such measures overseas from fiscal year 2023. We plan for the results of reductions to increase gradually from fiscal year 2023.
Click here for CO₂ emissions [Scope1,Scope2,Scope3]
last updated：2023/09/29 Update the content of the initiative