Environmental Strategy EARTH FOOD CHALLENGE 2030
The NISSIN FOODS Group has established its Group philosophy as EARTH FOOD CREATOR, which seeks to contribute to society and the earth by gratifying people everywhere with pleasures and delights food can provide. The Group aims to realize a sustainable society and raise corporate value. Environmental problems on a global scale, such as climate change, are becoming more apparent in recent years. Under such circumstances, as a global company supporting people in the world with food, promoting environmental measures at an even higher level has shifted to an important management priority, and the environmental strategy EARTH FOOD CHALLENGE 2030 was formulated in April 2020.
The environmental strategy EARTH FOOD CHALLENGE 2030 comprises two pillars. “Earth” Material Challenge is an effort focused on preserving the environment and limiting the use of natural resources. Green “Food” Challenge is an effort to reduce CO2 emissions in the Group’s business activities.
“Source Sustainably,” “Conserve Natural Resources,” and “Create a World without Waste” are the three themes established under “Earth” Material Challenge, while “Manufacture with Green Electricity,” “Develop with Green Ingredients,” and “Complete with Green Packaging” are the three themes established under Green “Food” Challenge.
Progress toward Environmental Strategy EARTH FOOD CHALLENGE 2030
| Environmental Targets toward 2030 | Targets | Latest Results |
|---|---|---|
| Sustainable palm oil procurement ratio | 100% | 43.4% |
| Overall water use (per million yen of IFRS-based sales) | 12.3m3/per million yen | 9.7m3/per million yen |
| Waste recycling ratio (within Japan) | 99.5% | 99.8% |
| Total waste reduction in sales and distribution processes (compared to FY 03/2016, within Japan) | -50.0% | -51.1% |
| Reduction of CO2 emissions: Scope 1 + 2 (compared to 2020, in Japan and overseas) *1 | -42% | -16.1% |
| Reduction of CO2 emissions: Scope 3 (compared to 2020, in Japan and overseas) *2 | -25% | -2.3% |
The target figures were revised upward in May 2023, and we are currently applying for SBT *3 accreditation. (SBT accreditation was already obtained for the target figures before the upward revision.)
- *1Scope 1 refers mainly to greenhouse gas emissions resulting directly from the fossil fuels a company uses (direct emissions). Scope 2 refers mainly to greenhouse gas emissions from the use of electricity and steam procured by a company (indirect emissions).
- *2Scope 3 refers mainly to greenhouse gas emissions from a company’s value chain such as procurement of raw materials, transportation, and disposal (excluding Scope 1 and 2).
- *3Science-based targets for companies to reduce greenhouse gas emissions to limit the average rise in global temperatures to well-below 2°C above pre-industrial levels
NISSIN FOODS Group EARTH FOOD CHALLENGE 2030 environmental strategy
Link between Environmental Strategy and Material Issues
Some of the targets stated in the environmental strategy EARTH FOOD CHALLENGE 2030 are linked to the Group’s material issues.
| Targets* | Material Issues |
|---|---|
| Reduction of CO2 emissions | Climate change mitigation and adaptation |
| Sustainable palm oil procurement ratio | Sustainable procurement |
- *The degree of achievement of the targets is also linked to performance for evaluating directors’ remuneration (basic remuneration).