HOME

Sustainability

Environment

Environment

Vision,Environmental Management
Promotion of Strategic Environmental Management

Environmental Management

Basic Policy

Environmental Management Promotion Organization

Action Guidelines

Responding to Environmental Risks and Opportunities

Environmental Vision

ISO 14001 Certification Status (as of March 31, 2023)

Activities to Realize Our Environmental VisionInternal Environmental Audits

The Meiden Group’s Medium to Long-term Environmental Targets

Environmental Information Management System

Promotion of Ongoing Activities

Compliance with Environmental Regulations

Deployment to the Action Plans

Environmental Accounting (FY2022)

FY2022 Environmental Targets and Results
FY2023 Environmental Targets

Third-Party Verification
Target Items
Assessment Standards

Product and Service Initiatives
Expand businesses that contribute to the environment

Promoting Environmentally Conscious Design
Promote environmentally conscious design

Contributions to the Mitigation of Climate Change by Reducing Product andLife cycle assessment (LCA) initiatives

Service CO2 Emissions
Wind Power Sales Business
Power Conditioner System for Photovoltaic Generation
Hydroelectric Power Generation Equipment
Electrical Component for Electric Vehicles
Ecotank Type Vacuum Circuit Breakers (VCB)
Field Engineering Business (Maintenance and Servicing)

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Meiden Group Sustainability 2023

Management of chemical substances in products

Toward the realization of a decarbonized society
Climate Change

Disclosure based on TCFD recommendations

Monitoring of Climate Change by the Board of Directors

Governance/risk management

Amount of Greenhouse Gas Emissions

Strategy

Amount of CO2 Emissions from Energy Sources

Metrics and Targets

Energy Consumption (crude oil equivalent)
Reduction of CO2 Emissions from Business Activities
Reducing Emissions of Greenhouse Gasses Other than CO2
Reduction of CO2 Emissions from Product Transport
Calculation of Greenhouse Gas Emissions in the Supply Chain

Issue of Green Bonds
Meidensha Green Bonds
List of investors that have declared their investment in corporate bonds
External Evaluation of ComplianceGreen bond framework

Toward the realization of a circular society
Prevention of Pollution and Effective Utilization of
Resources
Commitment to Waste and Pollution Prevention
Targets for Measures to Combat Waste and Pollution
Targets and Initiatives for Reduction of Raw Material UsageTightening Management of Chemical Substances
Reduction of Volume of Volatile Organic Compounds (VOC) Released
Promotion of Disposal and Processing of Devices that Include PCBs
Promoting the 3Rs for Waste (Reduce, Reuse, and Recycle)

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Meiden Group Sustainability 2023

Toward the realization of a Society in Harmony with Nature
Water Resources

Biodiversity

Water Risk Assessments

Policy on the Conservation of Biodiversity

Conservation of Water Resources: Initiatives through Business

Meiden Group Biodiversity Guidelines

Collaboration with Stakeholders: Partnerships with Outside Parties

A Head Office Building That is Considerate of Biodiversity
Initiatives at Each Site for the Conservation of Biodiversity
The Biodiversity Working Group, the Four Electrical and Electronic Industry
Associations

Overview of Environmental Impacts by Our Business
Activities

Environmental Impact Data (FY2022) From the Four
Main Manufacturing Sites (Domestic Manufacturing
Sites)Numazu Works
Ota Works
Nagoya Works
KOFU MEIDENSHA ELECTRIC MFG. CO., LTD.

HR,Communication
Promotion of Environmental Communication

Foster Environmental AwarenessPromotion of Environmental Communication

Foster Environmental AwarenessInitiatives

Environmental Education Results (FY2022)

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Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Promotion of Strategic Environmental Management

Promotion of Strategic Environmental Management

Basic Policy

The Meiden Group ensures that each employee contributes to the protection of the global environment
and the creation of a prosperous society through their day-to-day work according to our Basic
Environmental Philosophy, and promotes sustainability management to achieve sustainable growth ofsociety and improved corporate value.

Basic Policy
The Meiden Group aims to engage in sustainability management and achieve corporate growth based on
the corporate philosophies of “Illuminating a more affluent tomorrow” and “For customer peace of mind
and satisfaction” by tackling the issues of adapting to and mitigating climate change, recycling resources,
and preserving biodiversity, in order to realize a sustainable society.

Action Guidelines
1.

We promote the development of new products and innovative technologies that contribute to theglobal environment and strive to develop and design environmentally conscious products byconducting environmental impact evaluation for the entire lifecycle of our products, from initialmaterial procurement to final disposal.

2.

We strive:
To reduce the environmental impacts from our business activities at home and abroad
To reduce greenhouse gas emissions
To promote energy conservation
To properly manage hazardous substances
To promote the 3Rs (reduce, reuse and recycle)
To conserve water resources3.

We strive to comply with the related environmental laws, regulations, rules and other required
matters and establish our internal guidelines. We strive to prevent the pollutions from our operations
at home and abroad and make efforts to protect the environment.

4.

After establishing a sustainability management system, we strive to maintain and improve it throughthe PDCA (Plan-Do-Check-Act) Cycle and we aim to improve our environmental performance.

5.

We strive to improve all our employees’ understanding of sustainability management and invigorate
environmental contribution activities through environmental education.

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Meiden Group Sustainability 2023

1st Edition, April 1, 2023

Environmental Vision
The Meiden Group is working to reduce the environmental impact of its business activities in four areas:
Power Infrastructures, Public, Industrial & Commercial Sector Business, Mobility & Electrical Components
Business, and Field Service Engineering.
Specifically, we provide value in the form of “realizing green, safe, and stable electricity provision” in thefield of Power Infrastructures; “contributing to building sustainable infrastructure” in the area of Public,
Industrial & Commercial Sector Business; “contributing to the realization of cutting-edge technology andtechnological innovation for mobility” in the area of Mobility & Electrical Components Business; and“realizing a secure and safe society through maintenance services” in the area of Field Service
Engineering Business.
The Environmental Vision identifies realization of “a carbon-free society,” “a circulating society,” and “asociety in harmony with nature” as the missions of a 21st-century company, and lists them as goals. We
are working to conduct sustainability management with “human resources and communication”at its
core.

Activities to Realize Our Environmental Vision
A. Working Toward the Realization of a Carbon-free Society<Reducing greenhouse gas emissions>・

Reduce greenhouse gas emissions from business activities

・Contribute to customers’ efforts to become carbon-free through our products and services

B. Working Toward the Realization of a Recycling Society<Promoting the 3Rs>

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Meiden Group Sustainability 2023

・Promote re-use of resources and water in business activities

・Contribute to construction of sustainable infrastructure through business

C. Working Toward the Realization of a Society in Harmony with Nature<Conservation of natural resources>・

Use land in an environmentally considerate manner, minimize impact on ecosystems, and preserve
biodiversity

・Prevent contamination by harmful chemicals and ensure water safety

D. HR and Communication<Professional development and communication>

・

Improve environmental literacy to promote research, development, and manufacturing

・Promote two-way communication and collaboration with stakeholders
Strategy

The Meiden Group’s Medium to Long-term Environmental Targets
FY2030 Greenhouse Gas Emissions Reduction Targets (Second Meiden Environmental Vision)
The Meiden Group aims for Carbon Neutrality by 2050. As an interim step, we upwardly revised our
FY2030 greenhouse gas emission reduction targets. As the Second Meiden Environmental Vision, we aim
for a 30% reduction of emissions from business activities (scope 1+2), and a 15% reduction of emissions
from product use (scope 3, category 11) by FY2030 compared to FY2019 levels. These targets received
SBT certification as they were recognized by the Science Based Targets (SBT) initiative*1 as being
consistent with the Paris Agreement*2
FY2030First Meiden Environmental Vision (Released in May

Second Meiden Environmental Vision (From April

greenhouse gas emissions reduction targets

2018)

2021)

30% reduction (compared to FY2017)30% reduction (compared to FY2019)NA

15% reduction (compared to FY2019)

Emissions from business activities(scope 1+2)
Emissions from product use(scope 3, category 11)*1

SBT Initiative: An international initiative by the United Nations Global Compact (UNGC), the Worldwide Fund for Nature (WWF), the CDP, and the World Resources Institute (WRI).

*2

Paris Agreement: An international framework “to limit average global temperature rise to well below 2°C compared to pre-industrial levels and to strive to limit it to 1.5°C,” which was
adopted at COP21 in 2015.

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Meiden Group Sustainability 2023

SBT certification（PDF:132KB）

To attain these targets, we joined the Ministry of the Environment’s “FY2020 project to support modelbusinesses in compiling a plan to reduce CO2 emissions toward realizing SBTs.”*3 With that support,
Meiden has compiled the FY2021 version of the Meiden Group’s plan to reduce greenhouse gas
emissions toward attaining SBTs. This plan outlines initial ideas for an implementation plan and specificreduction measures to implement long-term reduction measures by the target year stated in the Second
Meiden Environmental Vision, and thus we are considering setting even higher targets.
*3

FY2020 project to support model businesses in compiling a plan to reduce CO2 emissions toward realizing SBTs: A project of the Ministry of the Environment, intended to promote
concrete reductions to help companies achieve their medium- to long-term targets. In FY2020, five companies were selected to participate: TOKYU FUDOSAN HOLDINGSCORPORATION, NISSIN FOODS HOLDINGS CO., LTD., FamilyMart Co., Ltd., Benesse Corporation, and MEIDENSHA CORPORATION.

Major Initiatives to Achieve Greenhouse Gas Emission Reduction Targets

Main Measures to Cut Greenhouse Gas Emissions
FY2030greenhouse gas emissions reduction targets
Emissions from business activities(scope 1+2)
30% reduction (compared to FY2019)

Reduction measures (extract)

・ Replacing SF6 gas (replacing with dry air, etc.)
・ Capital investment (replacing aging equipment, introducing high-efficiency equipment, replacing gas

with electricity, etc.)
・ Procurement of renewable energy power (non-fossil fuel certificate, power menus, etc.)
・ Switching company-owned cars to electric vehicles

Emissions from product use(scope 3, category 11)

・ Eco-friendly product design (eliminating use of SF6 gas, and downsizing products and making themmore efficient)

15% reduction (compared to FY2019)・ Revising business portfolio (increasing ratio of low carbon emissions per unit of sales such as EV,
maintenance services, and small- and medium-sized hydropower generation, etc.)

Overall・ Generating innovation
・ Introducing internal carbon pricing

In particular, with regard to reducing GHG emissions at the product use stage (Scope 3 Category 11), we
will increase the ratio of low-carbon businesses with low emissions per unit of sales, including EV-related
products and maintenance services, for which demand is expected to grow. By making our businessportfolio low-carbon through these measures, we pursue both increased sales and reduced emissions.
Transition plan for becoming carbon neutral

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Meiden Group Sustainability 2023

Scope 1 and 2 reduction measures and results

Scope 3, category 11 reduction measures and results

Promotion of Ongoing Activities
We have developed an action plan for each Medium-term Management Plan and we are continuously
working to conduct reforms in order to realize the environmental vision.

Deployment to the Action Plans

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Meiden Group Sustainability 2023

Medium-term Management Pl an, an Action Plan for FY2021-FY2024
Strategic Target

Actions

Corresponding Environmental Vision

1) Expand businesses that contribute to the environment

A. A Carbon-free Society
A. A Carbon-free Society

1. Contribute to environment through2) Promote environmentally conscious design

products and services

C. A Society in Harmony with Nature

3) Manage chemicals in products

C. A Society in Harmony with Nature

4) Promote the 3Rs of product components

B. A Circulating Society

1) Reduce greenhouse gas emissions

A. A Carbon-free Society2) Manage chemicals properly
2. Reduce the environment impact of

B. A Circulating Society

C. A Society in Harmony with Nature

3) Promote the 3Rs (reduce, reuse, recycle)

business operation

B. A Circulating Society
B. A Circulating Society4) Maintain water resources
C. A Society in Harmony with Nature5) Conserving biodiversity

C. A Society in Harmony with Nature
A. A Carbon-free Society
B. A Circulating Society

1) Disclose information, conduct PR
C. A Society in Harmony with Nature
D. Human Resources and Communication

3. Promote environmental
communication

A. A Carbon-free Society
B. A Circulating Society2) Contribute to sustainable society
C. A Society in Harmony with Nature
D. Human Resources and Communication

1) Strengthen management of Meiden Group companies

D. Human Resources and Communication

2) Strengthen value chain management

D. Human Resources and Communication

1) Develop environmental management personnel

D. Human Resources and Communication

4. Promote environmental management

5. Reform environmental awareness2) Strengthen environmental training and awarenessraising activities

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D. Human Resources and Communication

Meiden Group Sustainability 2023

Results Data

FY2022 Environmental Targets and Results
Targets and level of achievement for FY2022, which is the second year of Medium-term Management
Plan 2024, are as follows.
Please refer to the corresponding page for details of each item.
Achievement of FY2022 Environmental Targets
Rating: ☆☆☆ = target achieved, ☆☆ = improvement over previous year, ☆ = work in progress

Strategic Targets

Actions

FY2022 Environmental Targets

FY2022 Results(Japan)Rating13,542,000 tons☆☆☆

Build a foundation for scope 3,

Revised product☆☆☆

category 11 reductions (build

environmental assessments,

system, establish standards)

implemented super green

Contribute to environment

Promote environmentally

GHG reduction contribution by ECBs:

through products and services

conscious design

8,000,000 tons

product system, built systemfor calculating productspecific emissions
intensities-7%(compared to FY2019)☆☆☆

Overseas*1: Total emissions (scope+1.8% (compared to☆☆

1+2): -2% (compared to FY2019)

FY2019)Manage chemicals properly

VOC emissions: 80 tons or less

68 tons☆☆☆

Promote the 3Rs

Total waste: -5% (compared to+0.1% (compared to☆

FY2017) All sites in Japan (excludes

FY2017)

Reduce the environmental impact

Reducegreenhouse gas

Japan: Total emissions (Scope 1+2):of business operations

emissions-5% (compared to FY2019)

Construction Service Business Units)
1.7％☆

Promotion of efficient water use:

Considered redevelopment☆☆☆

: 4 main manufacturing sites*4of wastewater facilities

Zero waste emissions*2 at 10
sites*3: 1% or less final waste
emissions
Conserve water resources

Repaired underground watersupply piping
Conserve biodiversity

Conservation of ecosystems: 4 main

Removed introduced

manufacturing sites*4

species, conducted red pine☆☆☆

conservation activities, treeplanting activities, and rivercleanup
Promote environmental

Strengthen value chain

Green procurement rate (ownmanagement

management

standards): 90% or greater

91％

☆☆☆

*1

Main overseas production sites*2

The Meiden Group’s definition of zero waste emissions: Recycle at least 99% of total output (excluding construction sludge) of waste, etc. (industrial waste, ordinary waste, andvaluables).

*3

Scope of zero waste emissions initiatives: manufacturing sites in Japan [Numazu Works, Ota Works, Nagoya Works, KOFU MEIDENSHA ELECTRIC MFG. CO., LTD., MEIDEN CHEMICAL
CO., LTD. (Sagami Works), HOKUTO DENKO CORPORATION (Atsugi Works)], EAML Engineering CO., LTD., Engineering Service Business Units and two Construction Service Business
Units

*4

Four main sites: Numazu Works, Ota Works Development and Laboratory, Nagoya Works, and KOFU MEIDENSHA ELECTRIC MFG. CO., LTD.

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Meiden Group Sustainability 2023

Targets

FY2023 Environmental Targets
At the Meiden Group, we formulated Medium-term Management Plan 2024 to cover the four years fromfiscal 2021 and we are working to implement sustainability management.
In particular, we have developed greenhouse gas emissions reduction targets for the next four years byback-casting based on the fiscal 2030 greenhouse gas emissions reduction targets in the Second Meiden
Environmental Vision.
The environmental targets for FY2023 are as follows. For the target of zero waste emissions, we arechanging the standard to a final disposal rate of 1.0% or less.
FY2023 Environmental Targets
Strategic Targets

Actions

FY2023 Environmental Targets (Japan)

Contribute to environment

Promote environmentally conscious

9.0 million-ton reduction in GHG emissions by Environment-Contributing

through products and services

designBusinesses*1
Develop a plan for scope 3, category 11 reductions (create systems and develop astandard)

Reduce the environmental

Reducegreenhouse gas emissions

impact of business operations

Japan: Total emissions (scope 1+2): -8% (compared to FY2019)
Overseas: Total emissions (scope 1+2): -3% (compared to FY2019)

Manage chemicals properly

VOC emissions: 75 tons or lessPromote the 3Rs

Total waste: -6% (compared to FY2017): All sites in Japan (excluding Construction
Business Unit)
Final disposal rate 1.0% or less: Main sites in Japan *2

Conserve water resources

Promote redevelopment of wastewater treatment facilities

Conserve biodiversity

Conservation of ecosystems in green spaces (reduced agricultural chemicals,elimination of introduced species, etc.): 4 main manufacturing sites*3

Promote environmental

Strengthen value chain management

Green procurement rate (own standards): 90% or greater

management*1

Direct or indirect GHG reductions (estimated) from replacing standard products and services with the Meiden Group’s products and services (revised calculation method from FY2022)*2

Main sites in Japan: Numazu Works, Ota Works, Nagoya Works, KOFU MEIDENSHA ELECTRIC MFG. CO., LTD., MEIDEN CHEMICAL CO., LTD., HOKUTO DENKO CORPORATION, MEIDENENGINEERING CORPORATION, Plant Construction & Engineering Business Group, MEIDEN PLANT SYSTEMS CORPORATION, EAML Engineering CO., LTD.

*3

Four main manufacturing sites: Numazu Works, Ota Works, Nagoya Works, and KOFU MEIDENSHA ELECTRIC MFG. CO., LTD.

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Meiden Group Sustainability 2023

Home

Sustainability

Environment

Environmental Management

Environmental Management

PolicyThe Meiden Group is promoting environmental management that brings together business strategy andenvironmental activities.
We continually improve our environmental management system as we evaluate its validity andeffectiveness.
Organization

Environmental Management Promotion Organization
Under the leadership of the Representative Director, who is our chief executive officer, the executive
officer (environment) oversees the environment management of the Meiden Group overall, while thegeneral manager (GM) in charge of EMS works to maintain and improve the environmental management
system (EMS).
In addition, our Group-Wide internal environmental audit team, an independent organization, audits
environmental management initiatives, legal compliance, EMS effectiveness, and more, and offers ideas
for improvement.
The executive officer (environment) chairs the Meiden Group Environmental Committee (MGEC), ourhighest decision-making body for environmental initiatives. The MGEC identifies issues to address,
including risks relating to climate change and the like, sets environmental targets and formulates actionplans, conducts management reviews, responds to emergency situations, reviews and reports onenvironmental measures and working groups (WGs), and sets environmental management policy
directions.
For the most important issues, the executive officer (environment) and GM in charge of EMS consult with
the Executive Officers’ Meeting, Board of Directors, and the like and then acts as decided by top
management.

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Meiden Group Sustainability 2023

Meiden Group Environmental Management Promotion Organization

CouncilManagement Meeting

Objective/overview
Taking account of internal and external issues, it sets the business direction and strategy of the
Meiden Group as a medium-term management plan and annual profit plan.

Meiden Group Environmental Committee

Its objective is to set a unified environmental management policy for the Meiden Group overalland smoothly operate an environmental management system, following the Meiden Group
Environmental Health and Safety Management System Manual.

Environmental Policy and Promotion Working GroupIt establishes working groups to conduct a detailed review of individual environmental issues.

Responding to Environmental Risks and Opportunities
Phenomena (issues)
related to environment
Government (political)
Laws and Regulations

・ Carbon neutrality andmitigation of climatechange・ Adapting to climate change

Risks

Opportunities

Carrying out initiatives

・ Effects of cooperation
throughout the value chain

・ Increased demand forenvironment-friendly typeproducts

・ Promoting environmental
management

・ Rising insurance premiums

・ Accelerating expansion into・ Electricity market: Morenew players

new energy and renewableenergy markets, and・ Intensified competition

carbon-free energy
systemswith other industries

・ Strengthening partnerships
with municipal

the primary and tertiaryindustry markets

・ Expanding products’
contribution to theenvironmen

・ New energy, renewableenergy, and VPP market
expansion
・ Proposals for urban
development and businessgovernments, etc.
Economy・ Increased opportunities in

expansion・ Carbon pricing

・ Increased prices

・ Automobile electrificationand digitalization

・ Zero value chain CO2emissions in the future・ Sustainability management
and CSV approach・ Withdrawal of investors
due to being seen as half-

32・ Expanded nonuse fossil
fuel, new energy, andrenewable energy markets

・ Expanding products’
contribution to theenvironment

・ Expanded EV

・ Promoting environmental

motor/inverter market

communication

Meiden Group Sustainability 2023

Phenomena (issues)
related to environment

・ Medium- to long-term
economic growth ofdeveloping countries
・ Poorer earnings due toinstability of world

economy (bank failures,
wildly fluctuating exchange
rates, etc.)
Society・ Efficient utilization of
resources and active

utilization of recycledmaterials
・ Expanding businesses that
contribute to theenvironment and productsthat contribute to GHG
reduction
・ Response to CDP, SBT,TCFD, TGIF, etc.*
・ Expansion of responsibility
to the value chain
・ Change of lifestyle(ecological orientation) andadoption of Sustainable
Development Goals (SDGs)
・ Fair labor and employment

conditions

Risks

hearted in carbon reduction
efforts
・ Overseas compliance・ Pressure on environmental

management resources

Opportunities

Carrying out initiatives

・ Increased corporate value
through information

・ Promoting environmental
health and safety

disclosure
・ Conducting growthinvestments (overseas

management
・ Environmental audits ofoverseas production sites

markets)
・ Accelerating improvementof operational efficiency

・ Increased costs due toutilization of recycledmaterials

・ Reduced costs due todecreased reliance on

scarce resources, andreduced emissions

・ Reduced productcompetitiveness・ Reduced corporate value
・ Risks to the value chain(procurement and seeking

responsibility)
・ Decreased employee
awareness
・ Increased reputational andlitigation risks

・ Increased corporate value
due to expansion ofbusinesses that contributeto the environment andproducts that contribute to
GHG reduction
・ Reputation as a problemsolving company
・ Enhanced value chain

・ Promoting environmentallyconsiderate design
・ Expanding products’

contribution to theenvironment
・ Promoting
environmental/health andsafety communication
・ Strengthening value chain
management
・ Reform ofenvironmental/health andsafety awareness・ Increased awareness,

・ Loss of corporate value asa so-called black company
・ Increased gap between
companies

・ Post COVID-19 andcoexisting with COVID-19

unified goals of employees,
etc.
・ Initiatives to incorporate
SDGs and information

disclosure
・ Work-style reform
initiatives

initiatives

・ Creation of new businesses

and work-style reforms* TGIF: A section of the
Climate Innovation Finance
Strategy proposed by METI in
September 2020. This favors
finance (F) towards transition(T), green (G), and innovation(I), rather than a dualistic
approach, in order to achieve
the SDGs and the Paris
Agreement.
Technology

・ High-efficiency powertransformer technology
・ Evolution of ICT and IoTtechnology and accelerated
digital transformation

・ Increased new players (ITcompanies)
・ Industrial accidents due toignoring risks

・ Increased demand forenvironment-friendly typeproducts

・ Expanding products’

contribution to theenvironment

・ Utilizing ICT and IoT andstrengthening systemtechnologies and productcapabilities

・ Diversification andefficiency of maintenanceservices

・ Enhanced rollout of one-・ Evolution of virtual reality(VR) and augmented reality

・ Realistic experiences ofstop services(AR)

accidents and disasters

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Meiden Group Sustainability 2023

Phenomena (issues)

Risks

related to environment

・ Tightened overseas

Legal
RestrictionsLegal
Restrictions

・ Penalties and loss ofenvironmental regulations

reputation due to noncompliance with overseas
laws・ Fourth basic recycling plan
・ Tightening of harmful
chemical substanceregulations
・ Stronger systems forchemical substancemanagement in workplaces

Opportunities

・ Increased cost of virginmaterials

Carrying out initiatives

・ Utilization of recycled

・ Promoting environmental

materials

management

・ Superior products ofcompetitive advantage thatare free from harmful

substances

・ Analysis, communication,and management of・ Thorough chemical
substance risk assessment

information concerning
SDS and harmful
substancesand risk management

・ Promoting environmentallyconsiderate design
・ Strengthening
management of chemicals

in products
・ Managing chemical
substances properly
・ Giving training on chemical

substance risks, practicing
thorough risk assessment,
and developing

・ Work environment

deterioration andoccupational illnesses due

management systems inaccordance with revised

to incomplete risk
management
Natural Environment

・ Depletion of resources

・ Increased cost of virginmaterials

・ Microplastics issues
・ Ecosystem abnormalities
・ Occurrence of disasters

・ Utilization of biodegradable
plastics
・ Increased reputational andlitigation risks

・ Change to air temperatureand rainfall, and abnormal
weather events

・ Business continuity
・ Disaster response andindustrial accidents at timeof recovery

laws
・ Utilization of recycled

・ Promoting environmentallymaterials and promotion of
the 3Rs for products
・ Provision of local

contribution activities andincreased corporate value

considerate design
・ Promoting environmental
communication
・ Promoting

environmental/health andsafety management

・ Increased demand for thewater business due towater risks

・ Disrupted value chain due

to flood, etc.

ISO 14001 Certification Status (as of March 31, 2023)
We are expanding the scope of bodies certified under ISO 14001, the international standard forenvironmental management systems. In Japan, Meidensha and 20 affiliated companies have finishedearning certification. Overseas, 12 companies, mainly manufacturing sites, have finished earning
certification.
Certification Status in Japan
Company Name
1

MEIDENSHA CORPORATION*

2

MEIDEN SHOJI CO., LTD.

3

KOFU MEIDENSHA ELECTRIC MFG. CO., LTD.*

4

MEIDEN SYSTEM MANUFACTURING CORPORATION*

5

MEIDEN KIDEN KOGYO CO., LTD.*

6

MEIDEN KOHSAN CO., LTD.

7

MEIDEN SYSTEM SOLUTIONS CORPORATION

8MEIDEN PLANT SYSTEMS CORPORATION*

9

M WINDS CO., LTD.

10

MEIDEN UNIVERSAL SERVICE LTD.

Date of Certification Acquisition
February 24, 1998

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Meiden Group Sustainability 2023

Company Name

Date of Certification Acquisition

11

MEIDEN AQUA BUSINESS COMPANY

12

MEIDEN TECHNO SYSTEMS CO., LTD.*

13

MEIDEN MASTER PARTNERS CORPORATION

14

MEIDEN O&M CORPORATION

15

MEIDEN ENGINEERING CORPORATION

16

MEIDEN CHEMICAL CO., LTD.*

November 20, 201217

MEIDEN FACILITY SERVICE CORPORATION

November 18, 201518

HOKUTO DENKO CORPORATION*

October 3, 2013

19

EAML Engineering CO., LTD.*

March 5, 2004

20

MEIDEN NANOPROCESS INNOVATIONS, INC.*

January 12, 2022

July 31, 2003

* Companies with manufacturing plants
Certification Status Overseas

Company Name

Area

Date of Certification
Acquisition

1

MEIDEN ZHENGZHOU ELECTRIC CO., LTD.*

Zhengzhou, China

October 9, 2013

2

MEIDEN HANGZHOU DRIVE SYSTEMS CO., LTD.*

Hangzhou, China

April 7, 2008

3

SHANGHAI MEIDENSHA CHANGCHENG SWITCHGEAR CO., LTD.*

Shanghai, China

January 11, 20164

P.T. MEIDEN ENGINEERING INDONESIA

Indonesia

December 19, 2018

5

MEIDEN MALAYSIA SDN. BHD.

Malaysia

October 10, 2018

6

MEIDEN METAL ENGINEERING SDN.BHD.*

Malaysia

October 9, 2014

7

MEIDEN SINGAPORE PTE. LTD.*

Singapore

February 8, 20108

THAI MEIDENSHA CO., LTD.

ThailandJuly 1, 20099

TRIDELTA MEIDENSHA GmbH.*

Germany

July 13, 201510

MEIDEN T&D(INDIA)PRIME MEIDEN LIMITEDLTD.*

India

January 26, 2015

11

MEIDEN AMERICA SWICHGEAR, INC.*

USA

September 29, 2021

12

VIETSTAR MEIDEN CORPORATION*

VietnamFebruary 4, 2023

* Company with manufacturing plants
Percentage of Companies Certified in Japan/Overseas

Number of certified companies in Japan

Number of certified companies overseas

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Meiden Group Sustainability 2023

Initiatives

Internal Environmental Audits
We conduct internal environmental audits separate from the external audits we get from ISO 14001
registrars. Internal audits confirm the state of improvement on concerns pointed out in external audits
and check up on audit items that are marked as priorities for that fiscal year. As for overseas sites, wehave taught new manufacturing sites how environmental performance data is used and carefully
examined data collection initiatives and the data itself.
In FY2022, our audits prioritized “environmental factors and evaluating environmental impact,” “checks ofcompliance obligation initiatives,” “improving human resources,” and “legal requirements (laws on
industrial waste and plastic resource circulation).” We determined that the Group was conforming to ISO
14001:2015 requirements overall and functioning effectively.
If any concerns are pointed out during internal environmental audits, we take them as an opportunity for
improvement and incorporate them into further improvement initiatives.

Environmental Information Management System
The Meiden Group uses an “environmental information management system” that we put in place tomanage and analyze environmental impact in our business activities.
The system collects and centrally manages information on environmental impact of business activities(such as automotive fuel, energy, waste, chemical substances, and water use) at Meiden Group
manufacturing sites and offices, even those outside Japan.
The information so collected is used as basic data for efforts to lower environmental impact. It is also
useful to ensure proper filings of information as required by the Act on Rationalizing Energy Use andShifting to Non-fossil Energy, Act on Promotion of Global Warming Countermeasures, the electrical andelectronic equipment industry’s “Carbon Neutrality Action Plan,” and Japanese PRTR system for reportingchemical releases and transfers.

Analysis of environmental impact with environmental
information management system

Compliance with Environmental Regulations
Each Meiden Group work site and affiliated company sets and follows voluntary standards stricter thanapplicable laws and regulations. This ensures we remain in legal compliance. If a legal violation or
incident does occur, our rules state that management shall be notified within three hours.

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Meiden Group Sustainability 2023

In FY2022, there was one incident involving soil and groundwater exceeding standards in some samples.
There were no serious violations of environmental laws or regulations (including water intake,wastewater, other waste, and harmful chemicals). We did not receive any complaints regarding noise or
odor.
Results Data

Incidents relating to voluntary standards cases
Date1

June 2022

Location
Nagoya Works

Content

Response measures, etc.

In connection with a building construction

The contaminated area is covered withreview, soil and groundwater at the site wereconcrete pavement, etc., and there is no risk ofstudied and specific toxic substances

contamination being spread by factors like soil

exceeding standards were detected in somedispersion or rainwater. We believe that there

samples.

is no health hazard to nearby residents.
However, we have monitored the groundwater
under the guidance of Aichi Prefecture, placing
the highest priority on not disturbing nearby
residents.

Breaches of Environmental Laws (Record)
FY2020

FY20210

FY202200

Environmental Fines (Record)
FY2020

FY20210

FY202200

Environmental Accounting (FY2022)
We quantify costs, etc., relating to environmental activities, with reference to the Ministry of theEnvironment’s “Environmental Accounting Guidelines 2005.”
Environmental Protection Costs

Investment (million yen)

Business area costs

Implementation of new energy-saving devices, etc.

2,328

R&D costs

R&D costs for environmentally conscious products, etc.

9,516

* Scope of calculation: Meidensha (non-consolidated); period covered: April 2022–March 2023

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Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Third-Party Verification

Third-Party Verification

In order to ensure the release of more accurate and reliable environmental performance data for FY2022,
we have been examined by the Japan Audit and Certification Organization for Environment and Quality.

Click pics to enlarge.

Target Items
Amount of greenhouse gas emissions
Scope 1

17,262 t-CO2e

Scope 225,737 t-CO2e

Scope of calculation
Scope 1 and 2 greenhouse gas emissions from the businessactivities of Meidensha and domestic Group companies during theperiod from April 1, 2022 to March 31, 2023.

(location basis)
21,237 t-CO2e(market basis)
Scope 3(Category 1)

755.4 kt-CO2e

Category 1 emissions (scope of calculation is based on
Meidensha’s determination) from the business activities of
Meidensha during the period from April 1, 2022 to March 31, 2023.

(Category 11)

4,610.5 kt-CO2e

Category 11 emissions (scope of calculation is based on
Meidensha’s determination) from the products and services of
Meidensha during the period from April 1, 2022 to March 31, 2023.

Water

Usage volume1.6433 million m3

Water usage volume (amount purchased and amount collected)(Amount of water purchasedfrom the business activities of Meidensha and domestic Groupand water intake)companies during the period from April 1, 2022 to March 31, 2023.

Discharged water volume

1.4411 million m3

Discharged water volume from the business activities of
Meidensha and domestic Group companies during the period from
April 1, 2022 to March 31, 2023.

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Meiden Group Sustainability 2023

Assessment Standards
JACO certification standards based on ISO 14064-3 and ISAE3000
ISAE3000:International Standard on Assurance Engagements (ISAE) 3000

ISO14064-3:

Specification with guidance for the validation and verification of greenhouse gas assertions

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Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Expand businesses that contribute to the environment

Expand businesses that contribute to the environment

PolicyWe are actively promoting initiatives that contribute to the environment in order to “realize a more affluent
future” by leveraging our technology and experience honed over many years.
Performance Data

Contributions to the Mitigation of Climate Change by Reducing Product and Service
CO2 Emissions
The Meiden Group aims to contribute the environment through its products and services by utilizing
renewable energy sources such as solar, wind and hydroelectric power, by improving the efficiency of its
products to save energy, and by optimizing customers’ equipment through maintenance and servicing.
In FY2021, we have set a target of 950,000 tons/year of environmental contribution (the expected
reduction in CO2 emissions from products sold). We were unable to achieve our goal, with an emissions
reduction of 736,000 tons/year due to factors such as the reduction in power generation as a result of therepair work of Hachiryu Wind Farm. In FY2022, we changed the name of “environmental contribution” to“GHG reduction contribution,” and we have set GHG reduction contribution targets using calculation
methods that are comparable to standard products and services around the world. We set a GHG
reduction contribution target of 8 million tons/year in FY2022. We achieved the target, having reduced
emissions by 13,542,000 tons/year thanks to robust orders and a stronger production management
system. Applicable products and services include the wind power sales business, photovoltaic power
generating systems, hydroelectric power generation equipment, and electrical equipment for electricvehicles.

Choshi Shiosai Wind Farm

Photovoltaic PCS

Integrated motor/inverter/gear box drive unit

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Meiden Group Sustainability 2023

GHG Reduction Contribution Volume (Former Environmental Contribution Volume)
Subject products/businesses

GHG reduction contribution in FY2022(10,000 t-CO2)

Wind power sales business*

3.9

Photovoltaic generation systems

0.0Power conditioners for photovoltaic

1.9

Approach to calculating GHG reduction contribution
Emissions curbed if grid power replaced by renewable energy
generation

generation
Power conditioners for storage

0.0

batteries
Hydro turbine generators
Railway regenerative inverters

1,016.7
0.3

Emissions curbed by replacing conventional Meidensha goods(lowering energy losses)

Electrical equipment for electric

108.6

Emissions curbed if replacing gasoline vehicle of same grade

vehiclesControl equipment and motors for

219.4

electric forklifts
Cubicle-type dry air insulated

0.0

Emissions curbed by not using SF6 gas

switchgear(Eco C-GIS)
Ecotank type vacuum circuit breakers
Total

3.4
1,354.2* Calculated by multiplying the difference in volume of CO2 emissions at the point of use, by the
expected life and annual sales volume. However, wind power generation is calculated based on annual
power generation performance.
Initiatives

Wind Power Sales Business
M WINDS Co., Ltd. and its affiliates operate a wind power sales business and supply renewable energy
from three locations* in Japan (30 wind turbines with a generating capacity of 51,000 kW).
They conduct environmental assessments when constructing and installing wind power generators,
investigating, predicting, and evaluating impacts from various perspectives, such as that on ecosystems,
and implement environmental protection measures as appropriate while considering the opinions of local
governments and residents.

* Hachiryu Wind Farm (Akita Prefecture): 18 wind turbines with a generating capacity of 28,000 kW
Wajima Community Wind Farm (Ishikawa Prefecture): 10 wind turbines with a generating capacity of
20,000 kW
Choshi Shiosai Wind Farm (Chiba Prefecture): 2 wind turbines with a generating capacity of 3,000kW

Hachiryu Wind Farm

Wajima Community Wind Farm

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Choshi Shiosai Wind Farm

Meiden Group Sustainability 2023

Aiming for increased utilization of wind power
In FY2022, the amount of electricity generated was 95,259 MWh, partly due to wind conditions. We aim tofurther improve the operating rate in order to increase the GHG reduction contribution in future.
Transition of Total Power Generation Performance

Power Conditioner System for Photovoltaic Generation
Power conditioners system (PCS) is the most essential part of photovoltaic generation systems. We haveconsistently supplied transformer-in PCS with a built-in commercial frequency isolation transformer thatemphasizes safety and security so far. PCS with 500kW output has the highest conversion efficiency of
98.7% in the world. Container type and outdoor storage cubicle type packaged with a set of equipment
are also available.

Hydroelectric Power Generation Equipment
Hydroelectric power is a form of renewable energy that enables steady generation of electricity
throughout the year. Meidensha has delivered many small, medium, and large generators to customers inJapan and overseas.
Many of the hydroelectric power generation facilities are aging due to many years of operation. It iseffective to renovate in the most suitable way for each power facility. Renovation is expected to improve
efficiency/save energy, improve reliability/maintainability, and be environmentally friendly. We investigate
the current status of the power facility and propose the most appropriate renovations using the latest
technology for each facility.

Hydroelectric power generation equipment

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Meiden Group Sustainability 2023

Electrical Component for Electric Vehicles
Meidensha supplies motors and inverters installed in electric vehicles, which are becoming morecommon throughout the world. We promote the development of technology and products for EV and HEV
drive systems. One of our new initiatives was to commercialize Meiden e-Axle, which is an integrated
motor/inverter/gear (decelerator) product.
This is a standard product that will contribute to shorter development times for customers and may
reduce cost compared to custom products. It has a 60% higher output density compared with existing
Meidensha products (excluding decelerator) with a maximum output of 150 kW and a maximum drive
shaft torque of 3,120 Nm.

Ecotank Type Vacuum Circuit Breakers (VCB)
In 2004, Meidensha succeeded in developing a 72-kV-class tank- type vacuum circuit breaker that uses nosulfur hexafluoride (SF6) gas, which has more than 20,000 times the greenhouse properties of CO2, andhas a record of delivering more than 2,000 units to domestic and overseas electricity companies, etc. In
2020, we developed a 145-kV-class model to meet high-voltage requirements. This is the world’s first dry
air insulation tank type vacuum circuit breaker of this voltage class. In October 2021, the first unit wasshipped to a power company in the US state of Alaska.
In 2022, we received the 2022 Environment Minister’s Commendation for Global Warming Prevention
Activity.
we received the 2022 Environment Minister’s Commendation for Global Warming Prevention Activity* SF6 gas: A chemically stable, non-toxic, odorless, colorless, non-flammable gas with three times theability to withstand voltage of air at the same pressure. However, it has 23,500 times the effect on
global warming of CO2 and was listed as a controlled gas in the Kyoto Protocol to prevent global
warming.

145kV tank type VCB

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Meiden Group Sustainability 2023

Field Engineering Business (Maintenance and Servicing)
Field engineering is a business that contributes to the solution of customer issues by providing support
through the entire life-cycle of a product, from delivery through trial runs upon installation, subsequent
proposal and implementation of operation and maintenance plans, maintenance and management of
installation locations, remaining life assessment of aging equipment, measures to prolong life,
replacement proposals, and disposal.
In addition to regular inspection of equipment, we make proposals to achieve stable operation and lifecycle cost reduction through compliance that may be overlooked such as handling of small quantities of
PCBs by the deadline, mercury arc lamps, conserving energy, and conducting environmental analysis anddeterioration analysis through thermal imaging, etc., through walk-through activities where we walkthrough sites with our customers and investigate and assess their equipment.

Thermal imaging analysis at walk throughReplacement of equipment

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Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Promoting Environmentally Conscious Design

Promoting Environmentally Conscious Design

PolicyPromote environmentally conscious design
The Meiden Group is promoting development of environmentally conscious products that reduce our
impact on the environment.
Product environmental assessment
Any time we develop a new product, we evaluate it for energy andresource conservation, recyclability, environmental safety, and more,
based on our Product Environmental Assessment Standard. If a
product meets those standards, we certify it as a Meidensha Green
Product.
To create products that are even more environmentally conscious
and contribute to the decarbonization of society, we have also
introduced and begun operating a system of “super green products,”
which are even better than green products.
For the evaluation item “consideration of lifecycle,” we calculate CO2
emissions according to a life cycle assessment (LCA), and we
encourage environmentally conscious design in order to reduce CO2
emissions.

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Meiden Group Sustainability 2023

Initiatives

Life cycle assessment (LCA) initiatives
The Meiden Group conducts an assessment of the environmental
impact of a product throughout its life cycle, from procurement ofcomponents through to disposal, in accordance with our Guidelines
for Environmental Action. We use the LCA method to quantify theenvironmental impact of products and services, which helps us to
improve environmental performance at the design and development
stage and to conduct product explanations to customers and PR, etc.

Environment label (type Ⅱ) indicating conformity with
Meidensha Green Product standards

Product environmental assessment standards
Classification

Items

Product volume reduction

・ Weight reduction
・ External dimensions and capacity
・ Reduction of number of components

Energy and resource conservation

・ Reduction of power consumption
・ Water saving
・ Reduction of consumables
・ Reduction of packaging volume (reduction of plastic packaging)

3R・ Use of recycled materials
・ Separability of materials
・ Ease of collection and transport

Long-term usability

・ Maintainability
・ Reliability and durability

Prohibited substances

・ Environmental friendlinessLife cycle consideration

・ Reduction of life cycle environmental impact
・ Disclosure of information concerning evaluation of environmental impact

Environmental safety

・ Danger of fire or explosion
・ Danger at time of dismantlement
・ Environmental measures

Other

・ Entered contests for national-level awards
・ Top runner products (compared to other companies)

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Meiden Group Sustainability 2023

A Meiden Green Products Registered in FY2022[Product] IoT Controller
In response to the shortage of new engineers due to the declining birth rate andaging population, railroad operators are increasingly practicing CBM (ConditionBased Maintenance) and labor-saving patrols and inspections using ICT
technology. The purpose is to perform facility maintenance as efficiently as
possible.
To meet this need, we developed an IoT controller that collects and storesinformation from sensors and measuring devices and transmits it to a hostdevice.
This contributes to safe and secure facility operation by enabling operators toremotely monitor equipment and conditions and streamlining the time andtravel required for patrol inspections.
This product has the following advantages over its predecessor.

・ Reduces equipment energy consumption・ More efficient maintenance to lower running costs
・ Reduces GHG emissions resulting from travel for patrol inspections
Lifecycle CO2 Emissions

Lifecycle CO2 Emissions

54%* Percentage based on previous model of equivalent Meidensha product

Click here for related products and details.

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Meiden Group Sustainability 2023

Home

Sustainability

Environment

Management of chemical substances in productsManagement of chemical substances in products

Initiatives

Management of chemical substances in productsManagement of chemical substances in products We operate an “Environmental BOM*1 Management
System” that collect and communicate information concerning chemical substances contained in
products through a cloud-based Web system.
We work to share information with suppliers of components, materials, etc., through explanatory
sessions, individual consultations, etc., using chemSHERPA*3 operated by JAMP*2. We register the
chemSHERPA*3, etc. provided by our suppliers with the Environmental BOM Management System todetermine the aggregation of chemical substances contained in each product and compliance withregulations.
*1

BOM: Bill of Materials*2

JAMP: Joint Article Management Promotion Consortium. JAMP aims to appropriately manage information about chemical substances, etc., in products, and create and spread specificmechanisms for smooth disclosure and communication within the supply chain.

*3

chemSHERPA: A joint information transfer scheme that facilitates the disclosure/communication of chemical substances information in products, which is maintained and managed by
JAMPeidensha is a member of JAMP

Diagram of Environmental BOM

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Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Climate Change

Climate Change

Awareness

Since its establishment in 1897, Meidensha has produced a range of technologies, products, and services
and contributed to the development of a sustainable society in its role as a manufacturing company. In
particular, we are deeply involved with decarbonization and reduction of carbon through power generation
systems that utilize renewable energy sources such as solar, wind, and small to medium hydroelectric, as
well as energy solution services such as smart grids. Through these eco-friendly products and services,
we aim to achieve a sustainable society and are working to reduce greenhouse gas emissions frombusiness activities.
GovernanceMonitoring of Climate Change by the Board of Directors
Monitoring of the Risks and Opportunities Created by Climate Change at the Level of the Board of
Directors
As the highest decision-making body with regard to environmental activities, the Meiden Group
Environmental Committee, which is chaired by the Executive Officer (Environment), identifies issues
including risks posed by climate change and deliberates concerning environmental targets, action plans,and emergency response, etc., as well as determining environmental management direction. As part of itsrole, the Environmental Committee refers important matters to the Executive Officers’ Meeting and theBoard of Directors, etc., to initiate activities based on executive-level decision-making.
EMS Promotion Organizations

Indicators

Amount of Greenhouse Gas Emissions
Scope 1 and Scope 2 emissions
To enhance our activities for mitigating environmental impact, we use internal carbon pricing and source
CO2-free electricity (in FY2022, more sites began to source CO2-free electricity, including KOFU
MEIDENSHA ELECTRIC MFG. CO., LTD. and MEIDEN NANOPROCESS INNOVATIONS, INC.). As a result,
Scope 2 emissions fell even as production increased. On the other hand, Scope 1 emissions increased in
FY2022 due to a leak of SF6 gas from equipment used to recover it. In response to that incident, we
refurbished the recovery equipment and put a stronger check system in place. We will continue working
to control Scope 1 and 2 emissions.
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Meiden Group Sustainability 2023

（t-CO2）FY2019Japan
Scope1

FY2020OverseasJapan

FY2021
OverseasJapan

FY2022
Overseas

Japan

Overseas

16,491

5,215

16,161

3,848

14,267

2,636

17,262

3,067

24,9807,043

24,4799,755

25,16010,60525,737

8,523

24,724‐23,490‐21,478‐21,237‐

Direct emissions from inhouse use of fuel, etc.
Scope2

LocationIndirectbasis

emissionsfrom poweror heatpurchasedfrom anMarket basis

outsidesourceAmount of Greenhouse Gas Emissions (Scope 1 and 2) – Emissions from Business Activities

Scope 1: Direct Emissions Combustion of fuel (town gas and oil, etc.) and release of greenhouse gasses (SF6 and CFCs, etc.)
Scope 2: Indirect Emissions Combustion of fossil fuel to generate electricity (electricity company) that is consumed by the company* Renewable energy produces zero emissions
Results Data

Amount of CO2 Emissions from Energy Sources
In FY2022, we started aggregating environmental performance data for MEIDEN (HANGZHOU) DRIVETECHNOLOGY CO., LTD., VIETSTAR MEIDEN CORPORATION, and MEIDEN AMERICA SWITCHGEAR, INC.
As a result, although energy use has increased, the emission factor declined since we started using theInternational Energy Agency’s (IEA) 2018 country-specific average factors in FY2022, leading to lower CO2
emissions per unit of sales outside Japan.
Amount of CO2 emissions from energy sources/CO2 emissions per sales unit

* Japanese emissions: The amounts of fuel oil and fuel gas are calculated referring to the "List of
Calculation Methods and Emission Factors in the Calculation, Reporting and Publication System" forthe relevant fiscal year published by the Ministry of the Environment. The amount of electric power iscalculated referring to the "Emission Factor List by Electricity Power Company" published by the
Ministry of the Environment.
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Meiden Group Sustainability 2023

* Overseas emissions: The amounts of fuel oil and fuel gas are calculated referring to the emission
factors by country published by the GHG protocol. The amount of electric power is calculated referringto the average emission factors by country in 2010-2012 published by the International Energy Agency(IEA). Since FY2022, we have used the 2018 average emission factors by country.
* Energy consumptions per unit are emissions (t-CO2) divided by net sales (million yen).

Energy Consumption (crude oil equivalent)
Energy consumption/energy consumption per unit of sales* Energy consumptions per unit are emissions (t-CO2) divided by net sales (million yen).
Initiatives

Reduction of CO2 Emissions from Business Activities
Introduction of Renewable Energy
In recent years, we have procured electricity from renewable sources in an effort to reduce CO2 emissions
from business activities.
Since FY2019, we have been working on sourcing electricity with non-fossil certificates and purchasing
power from renewable sources.
In FY2022, KOFU MEIDENSHA ELECTRIC MFG. CO., LTD., one of our main production base in Japan,
introduced renewable power and switched 30% of its electricity consumption to CO2-free power. In
addition, the new head office at MEIDEN KOHSAN CO., LTD. sources electricity produced by M WINDS CO.,LTD.’s Choshi Shiosai Wind Farm through non-fossil certificates with tracking information.
FY2019November: Began sourcing CO2-free electricity from wind power through non-fossil certificates with tracking information at the
Meiden R&D Center and Osaki Kaikan Hall.

FY2020November: Signed power contract (special contract for renewable energy) at EAML Engineering CO., LTD. and began sourcing
CO2-free electricity, mainly from hydroelectric power.

FY2021

April: Signed power contract (Gunma Hydroelectric Power Source Plan) at Ota Works and began sourcing CO2-free electricity
from hydroelectric power.
January: Signed power contract (Carbon F Plan) at Chiba R&D location of MEIDEN NANOPROCESS INNOVATIONS, INC. andbegan sourcing CO2-free electricity from hydroelectric power.

FY2022

May: Signed power contract (Green Basic Plan) at KOFU MEIDENSHA ELECTRIC MFG. CO., LTD. and began sourcing 30% of thepower it uses in the form of CO2-free electricity from solar and wind power.
May: Began sourcing CO2-free wind power at headquarters of MEIDEN KOHSAN CO., LTD. using non-fossil certificates withtracking information.

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Meiden Group Sustainability 2023

FY2023

July: Signed power contract at Meidensha’s Numazu Works (Green Basic Plan) and began sourcing 20% of the power it uses in
the form of CO2-free electricity from solar and wind power.
July: Signed power contract (Green Basic Plan) at Meidensha’s Headquarters (ThinkPark Tower) and began sourcing CO2-freeelectricity from solar and wind power, etc.

TOPICS

Promoting Internal Carbon Pricing
Internal carbon pricing is a mechanism to promote investment in equipment with a significant CO2
reduction benefit. It works by setting a carbon price within a company and using it to calculate thecost of greenhouse gas emissions.
Meidensha introduced the internal carbon pricing system in April 2021. We will convert carbon
emissions from capital investment plans to expenses using an internal carbon price through thesystem. It will be a tool to make investment decisions. At Meidensha, we initially set ¥3,000/t-CO2 as
the internal carbon price. However, after considering the Ministry of the Environment guidelines andthe carbon price under the IEA’s 1.5°C scenario, we raised our internal price to ¥15,000/t-CO₂, whichapplies to capital investment starting in FY2023. We will continue to promote reductions ingreenhouse gas emissions in our business activities by considering environmental impact
mitigation along with safety and productivity when making equipment investment decisions.
● Internal carbon price:

15,000 yen/t- CO2● Subject to application:

Proposed equipment for FY2023 and beyond

Activity Results

There were 13 cases in FY2022 in which we applied internal carbon pricing. For example, we
introduced equipment that is expected to significantly lower CO2 emissions, such as replacing
fluorescent lighting with LED bulbs at the Meiden R&D Centerand replacing compressors and airconditioning equipment at production plants.
Equipment subject to internal carbon pricing (FY2022)

1,462 (million yen)

Reduction due to internal carbon pricing*

3,708 (t-CO2)* Reduction is calculated based on the lifecycle (statutory useful life) of equipment.
Procurement of Electricity with Zero CO2 Emissions Using Non-Fossil Fuel Certificates
Since November 2019, we have sourced electricity from effectively renewable energy sources for the
Meiden R&D Center and Osaki Kaikan Hall with a combination of FIT*1 and non-fossil fuelcertificates*2 with tracking information for Meiden Group subsidiary M WINDS CO., LTD.‘s Choshi
Shiosai Wind Farm. Through non-fossil fuel certificates containing tracking data, we are able to linkelectricity that is consumed by the R&D Center and Osaki Kaikan Hall to the environmental value ofenergy produced by Choshi Shiosai Wind Farm, demonstrating that we produce net zero CO2emissions. In this way, electricity consumption by Meidensha‘s R&D Center and Osaki Kaikan Hall
produces net zero emissions.

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Meiden Group Sustainability 2023

Furthermore, using non-fossil fuel certificates with tracking information makes it possible toconform with the international initiatives RE100, which has the goal of obtaining 100% of theelectricity required for business activities from renewable energy sources. This expands our options
to effectively utilize existing wind farms.
As demand for electricity from renewable energy sources is rapidly increasing, with the aim ofdecarbonization, Meidensha will continue to work to reduce its environmental impact and provide
products and services that contribute to a sustainable society.

*1

Feed-in tariff (FIT) scheme:
A system that obliges electricity companies to purchase electricity generated from renewable energy sources (solar, wind, hydro, geothermal, biomass) for a certain period oftime. The system was launched in July 2012 in order to promote the use of renewable energy.

*2Non-fossil fuel certificate:A certificate issued by the Ministry of Economy, Trade and Industry that certifies the environmental value of electricity that does not create CO2 emissions, such as electricity
from renewable energy sources. Trading commenced through Japan Electric Power Exchange in May 2018, and a demonstration experiment that included tracking
information (information that clearly states the type and location of energy source) in certificates commenced in March 2019.

Meiden switches to electricity with zero CO2 emission at its R&D Center and another facility.Procured from a subsidiary's wind farm using "nonfossil certificates" with tracking information

Procurement of CO2-Free Electricity that is Produced and Consumed in Gunma Prefecture for Ota
Works
From April 2021, Meidensha has been procuring electricity from CO2-free hydroelectric sources in Gunma Prefecture for Ota Works (Ota city, Gunma), which
is one of our main production sites. Up to this point, we have trialed procurement of CO2-free electricity for some facilities such as the Meiden R&D Center(Shinagawa, Tokyo), but this is the first time we have introduced it for whole production sites. This initiative uses the Gunma Hydroelectric Power Source
Plan*1 from the power menu provided by Gunma Prefecture and TEPCO Energy Partner, Incorporated. This power menu is a plan for local generation andconsumption of electricity provided from hydroelectric power plants directly run by Gunma Prefecture (excluding pumped hydro and FIT) to enable zero CO2emissions from electricity consumption. A portion of electricity charges are used for environmental protection projects, etc., in Gunma, which contributes tothe local community.

Ota Works was established in 1977 as a dedicated rotating machinery factory. It currently focuses
on medium and large rotating machinery and power generation equipment and dynamometers,
which are used for research and development, etc., of vehicles, etc., and develops and manufactures
environmentally considerate equipment. We have delivered many generators produced at Ota Works
to hydroelectric power plants in Gunma, and Ota Works accounts for approximately 10% of the
Meiden Group’s total power consumption.*2 Going forward, Ota Works will manufacturehydroelectric power generation equipment and component products using electricity fromrenewable energy produced by hydroelectric generation.

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Meiden Group Sustainability 2023

The Meiden Group is also considering procurement of electricity from renewable sources at othersites. We will continuously work to reduce greenhouse gas emissions from business activities, etc.,
including prioritizing the introduction of equipment with a low environmental impact, etc., andcontribute to the realization of a sustainable society through the development and delivery of
products and services that contribute to global environmental conservation.
*1

Application for trademark registration of “Gunma Hydroelectric Power Source Plan” filed in Gunma Prefecture.

*2

FY2019 power consumption: 7,123 MWh.

Meiden to use locally generated, CO2-free electricity at Ota Works in Gunma Prefecture Important production base to tap renewable energy source
generated by hydro power

Double Winner of the FY2022 Environment Minister’s Commendation for Global Warming
Prevention Activity
MEIDENSHA CORPORATION and MEIDEN KOHSAN CO., LTD. (MEIDEN KOHSAN), a member of the
Meiden Group, won an FY2022 Environment Minister’s Commendation for Global Warming
Prevention Activity in the category of pioneering introduction and proactive implementation. The twowere praised for their efforts to implement ABW*1 and a multi-function PCS*2 manufactured by
Meidensha at the new MEIDEN KOHSAN head office.
At the same event, Meidensha’s independent effort to contribute to a decarbonized society bymaking the world’s first Ecotank Type Vacuum Circuit Breaker (VCB) that does not use SF6 gas also
won an Environment Minister’s Commendation for Global Warming Prevention Activity in the productdevelopment and commercialization category.
Product and Service Initiatives

The Ministry of the Environment sponsors the Environment Minister’s Commendation for Global
Warming Prevention Activity to honor individuals and entities that have made outstandingachievements in alleviating climate change and adapting to it.
At the FY2022 event, the Meiden Group became the only business group to be a double winner.

(Left) Isato Kunisada, Parliamentary Vice-Minister of the Environment and Member of

The new MEIDEN KOHSAN head officethe House of Representatives(Right) Takeshi Miida, Representative Director & President & Executive Officer,
MEIDENSHA CORPORATION*(As of December 2022)■ Category of pioneering introduction and proactive implementation (mitigation and adaptation)

Implementation of ABW and a multi-function PCS manufactured by Meidensha at the new MEIDENKOHSAN head office

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Meiden Group Sustainability 2023

■ Overview of initiative・

MEIDEN KOHSAN’s aging head office was rebuilt with an ABW layout.
Windows were optimally placed to allow natural lighting to come in, lighting was replaced withLEDs, etc., resulting in major energy savings.

・A multi-functional PCS developed by Meidensha was introduced; it is used as a storage battery
for power generated with solar panels; for charging and discharging power by EVs; and as a
power source used at the new head office.

・

Certified as being the highest rank in the Building-Housing Energy-efficiency Labeling System(BELS), as well as ZEB Ready*3 as defined by the Ministry of Economy, Trade and Industry

・Uses CO2-free electricity generated by M Winds Co., Ltd., a Meiden Group company, thereby
emitting no CO2 in Scope 1 and 2 and reducing annual CO2 emissions by about 49 tons.

*1: Activity Based Working.
A work style that allows employees to choose the time and place to work in a way that suits their type of job.
*2: Power Conditioning System.
A device to convert power generated by solar panels into power for the utility grid.
*3: ZEB Ready means that a building consumes at least 50% less primary energy (not counting renewable energy) compared to standard primary energy consumption.

Meiden, subsidiary receive the 2022 Environment Minister’s Commendation for Global Warming Prevention Activity（PDF:271KB）

Using Energy More Efficiently
The Meiden Group makes capital investment systematically, such as introducing internal carbon pricing
and replacing lighting and air-conditioning with high-efficiency equipment, to lower greenhouse gas
emissions caused by energy consumption. We are in addition visualizing our power consumption andimproving equipment operations, especially by practicing strict energy consumption control on holidays
and at night.

TOPICS

Energy Saving Campaign
The Group held an Energy Saving Campaign with the aim of using energy more efficiently, spreadingawareness of energy saving, and lowering energy costs. As part of this, employees were invited topropose ideas for improvements that would lead to energy savings. In addition, divisions that madeoutstanding energy-saving efforts at their respective offices and units received commendations.
Examples of Initiatives
1. Turning off unnecessary lighting(1) Normally keep lights off in unoccupied areas; use fewer lights in common areas(2) Be sure to turn off lights when away from the desk (when going to meetings, taking a break, or leaving the office at the end of the day)(3) Turn off lights to vending machines; turn off neon “MEIDEN” sign on top of main building at Numazu Works

55

Meiden Group Sustainability 2023

2. Strictly controlling air-conditioner operations(1) Set air-conditioning to save energy but still be reasonably comfortable (suggested settings: 28°C in summer, 20°C in winter); use timer to control
operations(2) Practice Cool Biz and Warm Biz: wear light clothing and avoid wearing neckties in seasons when the workplace is being cooled and wear layered
clothing in seasons when it is being heated(3) Limit the number of air-conditioning units operating 24 hours a day(4) Inspect filters when doing basic air-conditioner inspections and clean filters when doing major cleanings

3. Saving power with office equipment(1) Put PCs into power-saving mode(2) Turn monitors off when away from the desk; lower monitor brightness (but keep bright enough)(3) Reduce the number of laser printers and multi-function printers in use

4. Introducing energy-saving equipment(1) Introduce energy-saving equipment based on internal carbon pricing evaluation(2) Switch to LED lighting and top-of-line equipment; replace air conditioners with energy-saving equipment; build solar houses at work sites(3) Reduce standby power consumption by reviewing the operating conditions of equipment such as conveyors and compressors

Initiatives and Results Data

Reducing Emissions of Greenhouse Gasses Other than CO2
The Meiden Group’s emissions of greenhouse gasses other than CO2 include SF6 gas, which is used forlightning arresters and circuit breakers, etc., and CFCs, which are used as refrigerants in air conditioners.
The Group is working to reduce emissions of SF₆ gas with its powerful greenhouse effect and is also
doing technical research and verification of alternative gases. To curb CFC emissions, moreover, we arestrengthening management of air-conditioning equipment and updating facilities.
Emissions of Greenhouse Gasses Other than CO2 (Japan)

Reduction of CO2 Emissions from Product Transport
The transport division is working to reduce CO2 emissions by practicing cargo consolidation, modal shift,and efficient transport, such as using JR containers and switching from trailer transport to ship transport
from nearby ports.

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Meiden Group Sustainability 2023

CO2 Emissions from Product Transport (Japan)

Calculation of Greenhouse Gas Emissions in the Supply Chain
Meidensha is working to calculate greenhouse gas emissions, including indirect emissions in the
upstream and downstream supply chain in addition to those produced in the course of its businessactivities.
Meidensha is facing the issue of producing a large proportion of its emissions from “use of soldproducts” (scope 3, category 11) and “purchased goods and services” (scope 3, category 1). We arepromoting environmental measures throughout the entire supply chain, including reducing downstream
greenhouse emissions through environmentally considerate product design and reducing upstream
impact through green procurement.
Meidensha’s Greenhouse Gas Emissions in the Supply Chain (Scope 3)
We calculate for our supply chain with reference to the Basic Guidelines on Accounting for Greenhouse
Gas Emissions Throughout the Supply Chain, published by the Ministry of the Environment and theMinistry of Economy, Trade and Industry, etc.
In developing the Second Meiden Environmental Vision, which set new medium-to-long-term
environmental targets and launched in FY2021, we completely reviewed Scope 3 calculation methods. We
transitioned from calculating the non-consolidated value of Meidensha to calculating the consolidated
value of the Meiden Group, and conducted review of units for our FY2021 record. For Category 11, we
increased precision by conducting more detailed calculation of emissions per unit of production for eachproduct group. For categories calculated on a monetary basis, we also reviewed part of our standards
going back to FY2019. Thus, data values disclosed up to FY2021 lack continuity; however, going forward
we intend to trace these values using this calculation method and revise them as necessary.
Category

Calculation Method
Amount of Activity

1. Purchased goods and services

Purchase amount (materials, consumables,

Basic Unit
Ministry of the Environment Basic Unit - DBservices, etc.)
2. Capital goods

Amount invested in fixed assets

Ministry of the Environment Basic Unit - DB

3. Fuel and energy related activities not included in Scopes 1 orAmount of energy consumption (electricity,

Ministry of the Environment Basic Unit - DB

2

etc.)

4. Upstream transportation and distribution

Transportation cost (freight, storage, packing,Ministry of the Environment Basic Unit - DBetc.)
5. Waste generated in operations

Emissions of each type of waste

Ministry of the Environment Basic Unit - DB

6. Business travel

Transportation expenses provided (travel

Ministry of the Environment Basic Unit - DB

allowance, etc.)

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Meiden Group Sustainability 2023

CategoryCalculation Method
Amount of Activity

7. Employee commuting」

Basic Unit

Transportation expenses provided (travel

Ministry of the Environment Basic Unit - DB

allowance, etc.)
8. Upstream leased assets

Rent (Leased items, etc.)

Ministry of the Environment Basic Unit - DB

9. Downstream transportation and distribution

Amount of activity of sales agents, etc.

Ministry of the Environment Basic Unit - DB

10. Processing of sold products

Not applicable as Meidensha’s products―

include many formed items
11. Use of sold products

Calculated based on the specifications of the

Ministry of the Environment Basic Unit - DB

Company’s products and operating conditions
12. End-of-life treatment of sold products

Assumed disposal cost of sold products

Ministry of the Environment Basic Unit - DB

13. Downstream leased assets

Energy usage at leased real estate

Ministry of the Environment Basic Unit - DB

14. Franchises

Not applicable as outside of the scope of the―Company’s business
15. Investments

Not applicable as shares held by the Company―

are not for the purpose of investment
Other

Excluded from the scope of calculation as this―item is optional（t-CO2）Category

FY2019FY2020

FY2021

FY2022

Purchased goods and services *1

916,059

790,749

944,989

1,161,608

Capital goods *2

44,02356,14631,32924,862*3

Fuel- and energy-related activities not included in Scopes 1 or 2

1,882

1,893

3,425

3,472*4

Upstream transportation and delivery *1

1,324

1,481

1,586

1,830

Waste generated in operations

1,587

2,004

1,645

1,925※5

Business travel

3,192

1,007

2,160

4,770

Employee commuting

1,152

940

1,182

1,401

Upstream leased assets *1

2,491

2,336

2,287

2,756

Downstream transportation and distribution *1

1,249

1,162

1,285

1,165

Processing of sold products―

Use of sold products

―

―

―

6,370,000

6,050,000

5,922,573

5,745,708

End-of-life treatment of sold products *1

6,591

5,960

6,573

7,025

Downstream leased assets

18,50916,837

16,298*2

16,441

Franchises

―

―

―

―

Investments

―

―

―

―

Other

―

―

―

―

Total

*1

7,368,060

6,930,516

6,935,330

6,972,963

Up through FY2021, results were calculated by multiplying the monetary value exclusive of consumption tax by the emissions intensity, but since FY2022, we include the monetary
value including the consumption tax.
Therefore, we recalculated emissions for FY2019 through FY2021 using that approach.

*2

Figures for FY2021 have been revised.

*3

Since FY2022, the emissions intensity has been revised according to the industry of the sector in which the capital to be calculated has been formed.

*4

Since FY2022, figures have been recalculated to include steam use.

*5

From Basic Guidelines for Calculating Greenhouse Gas Emissions through Supply Chains, Ministry of the Environment and Ministry of Economy, Trade and Industry
Waste from the company’s own business activities (excluding salvageable materials): Revised according to the description of emissions related to disposal and treatment outside
the company.

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Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Disclosure based on TCFD recommendations

Disclosure based on TCFD recommendations

Attitude
For many years, the Meiden Group has been aware of the major problem of climate change, and has
worked to solve this problem through business. With regard to TCFD*, we endorsed the TCFD
recommendations in June 2019, we began considering risks and opportunities according to the TCFD
framework in 2020, and we are promoting the incorporation of this in our strategies.
As society places more emphasis on the issue of climate change, in Medium-term Management Plan
2024, which was released in FY2021, we pledged to “promote sustainability management,” and we aim toaccelerate promotion of management and development of businesses to realize a carbon-free society.

* TCFD: Task Force on Climate-related Financial Disclosure established by the Financial Stability Board(FSB) .

Governance/risk management
Governance
The Sustainability Management Strategy Committee and the Sustainability Management Promotion
Committee handle all general matters involving sustainability and these two committees explore potential
strategies to enact for decarbonization. The manager in charge of Sustainability and the Sustainability
Management Promotion Division both report on the content of these meetings twice annually to theBoard of Directors and the Executive Officers’ Meeting. Alongside these efforts and as a way of managing
the promotion of environmental activities within the Group, the Meiden Group Environmental Committee,
which is chaired by a production manager, meets quarterly to uncover issues within the Company, setenvironmental goals, devise action plans, and discuss emergency responses in order to promote andmonitor the deployment of concrete policies for environmental management.
Sustainability Management

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Meiden Group Sustainability 2023

Risk Management
To manage sustainability-related risks, the Sustainability Management Promotion Division , which is
charged with promoting sustainability management, operates centrally with relevant departments to
extract risks. The details of those risks are incorporated into all the risks managed by the Governance
Headquarters, which simultaneously manages a variety of risks, including those related to climatechange.
Risk Management

Strategy
Analysis of Climate Change Scenarios
The Sustainability Management Promotion Division analyzes climate change scenarios in conjunction
with relevant departments. The scenario analysis examination process is divided into four parts, withanalysis and evaluations conducted annually. At the same time, major factors that could impact businessare identified, and identified risks, opportunities, and evaluations are reflected in our business strategy.

Step 1: Identification and Materialization of Types of Scenario
As recommended by TCFD, we identified scenarios at multiple levels of warming, including a scenario ofless than 2°C, and conducted analysis accordingly. Based on the two scenarios of decarbonization(RCP1.9) and global warming (RCP4.5 and RCP8.5), we have arranged outlooks and specific scenarios for2030 to accommodate each scenario using management frameworks such as five forces analysis, basedon international published data from the IEA, IPCC, etc., as well as numerical data published by Japanese
government institutions, etc.
Temperature range
Decarbonization scenario

Global warming scenarioLess than 1.5°C

2.5 to 4.0°C

Relevant scenario

ProviderNZE2050

IEA

RCP1.9

IPCC

STEPS

IEA

RCP4.5IPCC

RCP8.5IPCC

60Meiden Group Sustainability 2023

Step 2: Evaluation of Importance of Climate Change-related Risks
We have set out factors for climate change risks and opportunities according to the outlook of eachscenario, giving reference to the risks and opportunities in the TCFD recommendations.
Factors for Risks and Opportunities

Societal Scenario

Opportunities and Risks for Meiden

Opportunities to reduce GHG

Decarbonization of the transport

Expandedemissionsindustry

EV business

Increased ratio of renewable energy

Expanded renewable energy business

Relevant Businesses
EV business/Battery storage-related

Increased government subsidies
Increased government subsidies

Wind/Hydroelectric/Photovoltaic

Accelerated technologicalstorage/Solar generation/Battery

developments

storage-related /Hydrogen-related

Transition to a decentralized society
Increased regulations to reduce GHG

Restrictions on chemical substances

emissionssuch as SF6

Expanded Power T&D Business

Zero SF6 products/Environmentallyfriendly productsElectric companies shift toward
decarbonization
Changing stakeholder mindset

Opportunities to reduce GHG

Increased customer demand for being

Increased demand for environmentally

Environmentally friendly products andcarbon-freefriendly products and services

services (including green products)

Introduction of a carbon tax

Increased manufacturing costs

All companies

emissions

Increased procurement costs

Tightening of legal restrictions
Opportunities to reduce GHG

Rising prices from growing demand

Increased procurement and

EV-related business/Renewable

emissionsfor EV and renewable energy

manufacturing costs

energy-related business

Suspension of operation/Collapse of

Production sites

components
Increased frequency of extreme
weather events

More water-related disasters

supply chain

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Meiden Group Sustainability 2023

Factors for Risks and Opportunities

Societal Scenario

Opportunities and Risks for Meiden

Relevant Businesses

Increased costs to respond to waterrelated disasters
Opportunities to reduce GHG

Increased pressure on environmentally

emissionsburdensome businesses

Reduced sales in relevant businesses

Diesel/Gas engine generators
Ceramic membrane businessChanging stakeholder mindset
Rising average temperatures

Worsening working environments

Increased personnel expenses at sites

Manufacturing/Maintenance/Construction service business units

Increased proportion of renewable

Increased cost of industrial electricity

Increased power procurement costs

All companies

energy* Examples of main scenarios
Step 3: Business Impact Evaluation
We are evaluating business impact through discussions with relevant parties within the Company, suchas the Corporate Policy Planning Group , the Accounting & Financing Group , the Corporate GovernanceManagement Group , and business units, based on the scenarios and outlooks set out in Step 1 and theopportunities and risks set out in Step 2.
In the course of this, we screened matters that have a particularly large impact on businesses by focusing
on the two axes of “impact on operating income” and “likelihood of occurrence in a business” in FY2030,
and conducted detailed analysis of these matters. We assessed pre-countermeasure outcomes based on
the rate of market growth in each scenario for each large-impact item. These were quantitatively
calculated using partial assumptions, and items with unachievable results were organized qualitatively.

* The following values were calculated with a focus on the market growth rate and do not represent a
designated target value for the Company.
Evaluation axes for selection of risks and opportunities (2030)
Impact on operating income (estimate)

Very large: ±10 billion yen or more
Large: ±1 billion yen or more
Medium: ±0.1 – 1 billion yen
Small: ±less than 0.1 billion yen

likelihood of occurrence in an event in 2030

Large: High probability of occurrence
Medium: Occurrence is possible, but cannot be predicted with confidence
Small: Only occur in the scenarios

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Meiden Group Sustainability 2023

Step 4: Consideration of Response Measures
We considered development of strategies to grasp opportunities and measures to mitigate risks
according to the situation of the Company, based on the outcomes calculated in Step 3.

TOPICS

Developing Environmentally Friendly Products and Services
Scope 3, Category 11 is emissions from product use and connects directly to our customer’s Scope
1 and 2 emissions. Developing and producing environmentally friendly products and services with alow carbon footprint through “a complete life cycle from material procurement through product use
and disposal” will lead to the decarbonization of our Company, our customers, and society as awhole.
In FY2022, we worked systematically on LCAs (life-cycle assessments) of existing products, andhave completed assessments for most products categories involved in social infrastructure. We
concurrently revised our environmental assessment of products that includes LCA and continue
reviewing standards for green products and preparing to develop super-green products that will
represent the gold standard for the industry.

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Meiden Group Sustainability 2023

Our “High voltage products for GX” is a prime example of a package of products with a low carbon
footprint. This system combines remote-monitoring functions with our high voltage feeder panel,high voltage transformer, and high voltage switchgear, all feature products designed to beenvironmentally friendly in order to reduce customer Scope 2. The high voltage feeder panel require
no painting or welding in order to reduce the amount of harmful substances used, the high voltage
transformer uses palm oil for insulation to reduce its strain on the environment, and the high voltage
switchgear uses C-GIS that relies on dry air insulation and so does not use SF6.

TOPICS

Reducing the Company’s Environmental Impact
Company GHG emissions from manufacturing and purchasing (Scope 3, Category 1) exist to somedegree. Introducing a carbon tax within the Group can lead to increased manufacturing costs going

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Meiden Group Sustainability 2023

forward and could potentially negatively impact profitability. According to the scenario assumed by
TCFD, the following simulations represent the introduction of carbon tax when assuming thatcarbon emission increase with BAU (Business as usual) in 2030 for each scenario.
<Calculation conditions and results>

BAU sales in 2030 are calculated to be 340 billion yen (FY2021 baseline). With the decarbonization
scenario (RCP1.9), introducing a carbon tax will result in operating income of 7.5 billion yen, a
reduction of 2.2%. Such an introduction would significantly impact the Company, so it is vital tostrategically reduce Scope 1, Scope 2, and Scope 3, Category 1. That is why the Company drafted
the Second Meiden Environmental Vision in FY2021 and launched the following initiatives.

For Scope 1 and Scope 2, we plan to have 100% of domestic factories and 30% of overseas factories
use renewable energy by 2030 (within the range of our normal investment activities, 8 billion yen in
environmental investment by 2030) and predict that doing so will increase 2030 costs by 180 million
yen. However, Scope 1 and Scope 2 emissions will be cut by 30%, with a projected 400 million yen
relative improvement compared with pre-initiative estimates. We are exploring ways to minimize theremaining impacts that introducing a carbon tax would have on degraded operating income byexamining the absorption of cost pass-throughs, etc., the prospect of generating wind powerinternally, the progress of additional decarbonization efforts within the Group, and more.

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Meiden Group Sustainability 2023

Metrics and Targets
We see changes due to climate change as business opportunities, and are implementing strategies tomitigate risks.
From a business perspective, we will particularly contribute to the creation of a carbon-free society
through further expansion of the EV and Renewable Energy businesses. We also released the Second
Meiden Environmental Vision as our environmental goals in FY2021, and we have disclosed 2030 GHG
reduction targets for scopes 1, 2, and 3 in order to reduce internal risks. These goals have received SBT
recognition. We will work with our suppliers to achieve our targets. In addition, we pledged to reachRE100 by 2040 and carbon neutrality by 2050, in November 2021, as our medium- to long-term targets.

Second Meiden Environmental Vision Targets(Targets and results compared to FY2019 levels)
Each year vs FY2019

Emissions frombusiness activities(Scope 1+2)

FY2022

FY2023

FY2024FY2030Plan

Plan

6% reduction

30% reduction

6% reduction

15% reduction

Plan

Actual

Plan

Japan

5% reduction

8% reduction

8% reduction

Overseas

2% reduction

1% increase

3% reduction

Total

4% reduction

7% reduction

5% reduction

Emissions from product use

10% reduction(Scope 3, Category 11)* Second Meiden Environmental Vision including FY2030 targets has received SBT (science basedtargets) certification.
Meiden Group’s medium- to long-term environmental targets

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Meiden Group Sustainability 2023

The carbon neutral transition plan
Meiden Group is taking the following actions to become carbon neutral by 2050.
1)

Reducing emissions from business activities (Scope 1+2)
Among our strategic facility investments such as switching from gas to electric power and making lighting, A/C equipment, and manufacturing equipment withmore efficient fixtures, we are introducing internal carbon pricing (ICP) as a metric for determining investment within the Company. To accelerate our efforts todecarbonize in FY2023, we revised our price of carbon from 3,000 yen/t-CO2 to 15,000 yen/t-CO2.
We also experienced power shortages last year and so redoubled our commitment to reducing energy consumption. We now have power-saving initiatives inplace at all our offices and factories.
In addition to these efforts toward reducing the amount of energy we use, we also promote procuring renewable energy at multiple bases inside the Group, from
Company factories through to the offices of Group affiliates.

2)

Reducing emissions in the product use stage (Scope 3 Category 11)
The product use stage (Category 11) accounts for 80% of Meiden Group’s Scope 3. We have drafted medium- and long-term targets for greenhouse gas
emission levels in the product use stage (Category 11) and are tracking our levels of achievement. We have proposed plans to incorporate environmental
considerations into our products (SF6 gas-free, reducing product size, increasing efficiency, etc.) and updating our business portfolio (expanding low-carbon
businesses) as ways to reduce emissions.

Our timeline for the key measures aimed at reducing greenhouse gas emissions

Future Path
Although we have identified the growth opportunities and risks facing the Meiden Group through analysis
of scenarios based on the TCFD recommendations, in most instances, calculation of impact is merely arough estimate, and further precision is needed. Furthermore, we are promoting response to climaterelated metric categories across multiple industries in the TCFD recommendations, which require new
disclosure. Along with this, we are considering establishing ESG (environment, social, and governance)
metrics, incorporating them in our standards for calculating officers’ remuneration, and further
strengthening governance, in order to increase the effectiveness of sustainability management
promotion.

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Meiden Group Sustainability 2023

TOPICS

Simulation of Business Portfolio RevisionDuring the formulation of the Meiden Group’s FY2030 greenhouse gas emissions reduction targets,
we conducted a simulation of net sales and emissions from a business portfolio revision regarding
emissions in the product use stage (scope 3, category 11).

Meiden Group Scope 3, Category 11 Reduction Simulation<Note: The above graph is an estimate from a simulation and does not amount to a commitment
to a business plan>
We found that by increasing the ratio of low carbon businesses with low emissions per unit of sales
such as EV, maintenance services, and small and medium-sized hydropower generation, and we had
a potential to comfortably achieve both increased sales and reduced emissions.

TOPICS

Introducing Internal Carbon Pricing
Internal carbon pricing is a mechanism that creates an economic incentive to reduce emissions andpromotes investment by setting a carbon price in the company and using it to calculate the cost ofgreenhouse gas emissions.
Meidensha introduced an internal carbon pricing system in April 2021. We will convert carbon
emissions from capital investment plans to expenses using an internal carbon price through thesystem. It will be a tool to make investment decisions. For now, we will make ad-hoc reforms
starting from the following conditions.
■ Internal carbon price:

15,000 yen/t- CO2■ Subject to application:

Capital proposals for FY2023 onwards

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Meiden Group Sustainability 2023

Home

Sustainability

Environment

Issue of Green Bonds

Issue of Green Bonds

In July 2019, we issued green bonds through public offering for the purpose of funding mass-production
equipment for Motors and Inverters for Electric Vehicles.
In June 2018, Meidensha pledged to reduce greenhouse gas emissions by 30% by fiscal 2030 (comparedto fiscal 2017 levels) and as part of the First Meiden Environmental Vision and we are promoting
reduction of environmental impact. Furthermore, we understand that contributing to the achievement ofsustainable development goals (SDGs) is a major management issue facing the Company and we arepromoting the environmental contribution business by rolling out environmentally conscious products
and services.
By issuing green bonds, we plan to expand our capital procurement resources and deepen theunderstanding of a wide range of stakeholders regarding our active environmental initiatives.

Meidensha Green Bonds
OutlineName of bonds"Meidensha Corporation 2nd Series Unsecured Straight Bonds (with pari passu agreement limited tocorporate bonds) (Green Bonds)"

Also known as

Meidensha Corporation Green Bonds

Maturity

5 years

Total amount of issue

6.0 billion yen

Coupon rate

0.260％

Issue price

100 yen for each 100 of corporate bonds

Date of issue/date of maturity

July 23, 2019 to July 23, 2024

Redemption method

Bullet payment at maturity

Subscription method

Open invitation

Security/guarantee

Unsecured and non-guaranteed

RatingBBB+ (Japan Credit Rating Agency, Ltd./Rating and Investment Information, Inc.)

Use of proceeds

To provide partial funding of enhancement of mass-production facilities for electric vehicle components

Lead managing underwriter

SMBC Nikko Securities Inc.

Green Bond

SMBC Nikko Securities Inc.

Structuring Agent
Principles with which to confirm compliance

Climate bond standard version 2.1
Low Carbon Transport (Land) Standard Version 1.0 (CBI)Green Bond Principles 2018 (ICMA)
Green Bond Guidelines 2017 Edition (MOE)69

Meiden Group Sustainability 2023

List of investors that have declared their investment in corporate bonds(As of July 17, 2019 in alphabetical order)
・Aichi Shinkin Bank・

Daitokyo Shinyokumiai

・Fukoku Mutual Life Insurance Company

・

Hanno-Shinkin Bank・JA Bank Fukuoka

・JA Bank Ibaraki

・JA Bank Iwate

・

Kameari Shinkin Bank・

Kesennuma Shinkin Bank・

Kiryu Shinkin Bank・

Kitami Shinkin Bank・

Meiji Yasuda Asset Management Company Ltd.

・

Sugamo Shinkin Bank・

Sumitomo Mitsui DS Asset Management Company, Limited・Sumitomo Mitsui Trust Asset Management Co., Ltd.

・

Taiyo Life Insurance Company

・THE BANK OF NAGOYA, LTD.

・

THE DAIDO FIRE AND MARINE INSURANCE COMPANY LIMITED・

THE KAGAWA BANK, Ltd.

・

THE TOWA BANK, LTD.

・

Tokio Marine & Nichido Fire Insurance Co., Ltd.

・

Tokio Marine Asset Management Co., Ltd.

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Meiden Group Sustainability 2023

External Evaluation of ComplianceGreen bond framework
Meidensha Green Bonds are issued and managed according to the Green Bond Framework developed inaccordance with the Green Bond Principles 2018*1 drafted by the International Capital Market
Association, the Green Bond Guidelines 2017*2 Edition drafted by the Ministry of the Environment, andthe Climate Bond Standard Version 2.1*3 drafted by the Climate Bonds Initiative (CBI).
Second-party opinion and ratings
Compliance with these green bonds is assessed by the Japan Credit Rating Agency (hereinafter JCR)
according to the JCR Green Bond Evaluation, and the bonds received a rating of Green 1, which is thehighest rating, as they fulfilled the Green Bond Principles 2018 and the Green Bond Guidelines 2017.
JCR green bond assessment attached
Verification
DNV GL Business Assurance Japan K.K. (DNV GL), one of the world's leading organizations to evaluate
and accredit the ESG performance, has verified that Meidensha Green Bonds cleared the requirements in
the Climate Bonds Standard Version 2.1 as well as related technological standards.
Pre-assessment report issued by DNV GL

Certification
Meidensha has received certification from Climate Bonds Initiative (CBI), an international
nongovernmental organization dedicated to promoting large-scale investments to realize a low-carbon
society that sets stringent standards for the issuance of such bonds. Meidensha is the first Japanese
private enterprise to receive the CBI certification.
Additionally, JCR and DNV GL has received the notification of Green Finance Organization JAPAN’s
decision to grant as subsidy as part of the Financial Support Programme for Green Bond Issuance of
MOEJ’s FY 2018*4.

71

Meiden Group Sustainability 2023

Green bond framework
1. Use of Proceeds
Eligible green project: Equipment for mass production of electric vehicle components
Outline of facility expansions(Total investment: Approx. 7 billion yen)
Nagoya Works: Renovation of existing buildings and introduction of new facilities
Location

496 Ittangosewari, Nishibiwajimacho, Kiyosu City, Aichi Prefecture

Parts to be produced

Inverter-Integrated Motor Units for EVs

Start of operations

Scheduled for November 2019

Total floor space

4,620m2

Production capacity

Maximum annual production of 170,000 units

Kofu Meidensha Electric Mfg. Co., Ltd.: Construction of new building and introduction of new facilities
Location

825 Nakadate, Chuo City, Yamanashi Prefecture

Parts to be produced

Motors for EVs

Start of operations

Scheduled for November 2019

Total floor space

2,660m2

Production capacity

Maximum annual production of 170,000 units

Numazu Works: Expansion of facilities
Location

515 Kaminakamizo, Higashimakado, Numazu City, Shizuoka Prefecture

Parts to be produced

Inverters for EVs

Start of operations

Scheduled for April 2019

Total floor space

240m2

Production capacity

Maximum annual production of 120,000 units

2. Process for Projects Evaluation
Nominated green bond projects were selected and evaluated by Meidensha Accounting & Financing
Group Financing Division, after the consideration of conformity to qualified criteria, based on the Group's
management philosophy, environmental vision, and CSR critical issues. Final approval of the project
selection is implemented by the director of treasury executives of the company decision making
committee. Furthermore, we also conduct verification of negative environmental impact of eligible
projects.
3. Management of Proceeds
The proceeds from the Green Bonds will be fully allocated to eligible projects and assets and tracked.
Fund allocation will be implemented in one year after bond issuance. The proceeds will be managed by
the Meidensha Accounting & Financing Group Financing Division. The proceeds outstanding balance will
be managed by internal Meidensha forms (earmarked by numbering) and its budget and actual expense

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Meiden Group Sustainability 2023

tracked with Meidensha internal protocol (accounting management scheme) quarterly. These will be
requested to receive approval from the Meidensha General Manager of Financing Division to avoid
deviation (financial outflow). Meidensha also manages the preservation of documents related to cash
management by using the accounting document retention term list and through the accounting
regulations of Meidensha concerning the scope and preservation of accounting documents.
Until the allocation of procurement funds is decided, we will manage cash or cash equivalents equal tofunds.
4. Reporting
Funding status reporting

We will report the status of funding once a year until the full amount of funds to be procured is applied toprojects that meet qualified criteria. Disbursement status disclosed is as follows: (1) Amount of funds
appropriated, (2) Approximate amount or ratio in case of unappropriated funds, operation schedule ofallocated time, and unappropriated period, (3) Estimated amount or percentage when the refund isapplied.
We will disclose in a timely manner if there is a major change in the procurement funding plan or when
there is a significant change in the fund status after the procurement funds have started to beappropriated.
Impact reporting

Until Green Bonds are redeemed, the following indicators showing the progress status of qualified
projects funded and the environmental improvement effect are scheduled to be disclosed once a year on
our website.
KPI in Impact Reporting: Annual CO2 emission reduction from eligible projects*5*1

The guideline regarding green bond Issuance is written by Green Bond Principles Executive Committee which is facilitated by ICMA (International Capital Market Association.)*2

MOEJ (Ministry of the Environment of Japan) has established “the Green Bond Guidelines, 2017” in March 2017 with the purpose of spurring issuances of Green Bonds andinvestments in them in Japan. The Guidelines, with due consideration to the consistency with the GBP, which is widely accepted in the Green Bond markets in the world, provide issuers,
investors and other market participants with illustrative examples of specific approaches and interpretations tailored to the characteristics of the Japan's bond market which will aid
these market participants to make decisions on working-level matters related to Green Bonds.

*3

Climate Bonds Standards (CBS) is a standard developed by Climate Bonds Initiative (CBI), the UK’s international nongovernmental organization, which includes certification process, preissuance and post-issuance requirements and sectoral eligibility and guidance. And is aimed with the objective of “Ensuring credibility and transparency of Green Bond’s contribution to
the environment. CBS imposes a sectoral standard, and it is necessary to meet the applicable sectoral standard in judging the eligibility of projects and assets covered by the green
bond.

*4

A program where subsidies will be provided for the expenses that are required by those who support companies, municipalities and other bodies who seek to issue Green Bonds, in theform of granting external reviews, consultation on establishing a Green Bond framework, etc.

(1) A Green Project that meets one of the following criteria:
1.

Contributes mainly to domestic decarbonization (renewable energy, energy efficiency, etc.)

・Projects for which equal to or more than half of the procured amount, or equal to or morethan half of the number of projects is domestic decarbonization-related project.

2.

Has high decarbonization and effects on vitalization of local economy

・

Decarbonization effects Those whose subsidy amount per ton of domestic CO2 reduction isless than the specified amount.

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・

Effects on vitalization of local economy Projects that are expected to contribute to effects
on vitalization of local economy as part of the ordinance and plan, etc. decided by themunicipality, projects for which investment by municipalities can be anticipated, etc.

(2) Compliance with the Green Bond Guidelines to be confirmed by an external review organization before issuance.
(3) It cannot be “Green wash” bonds.
*5

The formula for calculation differs from Meidensha’s calculation of environmental contribution and CO2 emissions reduction, which are stated under Meidensha’s environmental
targets, as they are calculated according to the ICMA Green Bond Principles 2018, the MOE Green Bond Guidelines 2017, the CBI Climate Bond Standard Version 2.1, and the Low
Carbon Land Transport and the Climate Bonds Standard (v1.0).

This content is provided for the sole purpose of publicly announcing the Company’s issuance of theBonds, and not for the purpose of soliciting investment or engaging in any other similar activities
within or outside of Japan.

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HOME

Sustainability

Environment

Prevention of Pollution and Effective Utilization of Resources

Prevention of Pollution and Effective Utilization of
Resources

PolicyCommitment to Waste and Pollution Prevention
The Meiden Group is working to reduce the environmental impact of all domestic and overseas businessactivities, as well as conserve energy, promote the 3Rs in relation to waste, and properly manage
hazardous chemicals as stipulated in the President’s Environmental Policy. Furthermore, we will establish
our own internal standards and work towards preventing environmental contamination while complying
with all environmental laws, regulations, and other requirements.
President’s Environmental Policy

Initiatives

Targets for Measures to Combat Waste and Pollution
Reduction of single-use plastic packaging

The Meiden Group set a target of 2% reduction (compared to FY2019) as a measure to reduce single-use
plastic packaging. Going forward, we will continue to work to reduce plastic usage by promoting the 3Rs
for plastic packaging and environmentally considerate design.
Strategies, Initiatives, and Results Data

Targets and Initiatives for Reduction of Raw Material Usage
As a manufacturer that uses resources to provide our products and services, it is essential that we use
those resources effectively.
At the Meiden Group, we practice eco-friendly procurement and work to mitigate the environmental
impact of our domestic and overseas business activities and to design products that conserve and reuse
resources.

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Raw Material Input (Japan)(t)
Raw Material

FY2019FY2020

FY2021

FY2022

Iron

6,306

5,140

5,356

4,820

Copper

2,778

2,334

2,176

2,120

Plastic

778

781

789

864

Aluminum

334

226

223

266

Total

10,196

8,481

8,544

8,070

Tightening Management of Chemical Substances
We are working to conduct risk assessment of chemical substances used at production sites, etc., toimprove the workplace environment, and reduce or substitute hazardous chemical substances with asubstantial risk.
In order to prevent workplace accidents, health impairment, and fire or environmental pollution due toleakage or spillage of chemical substances, we routinely conduct patrols of sites where chemical
substances are used to alert workers, and take corrective measures where the management status ofchemical substances is found to be inappropriate.
Tightening Management of Chemical Substances

Reduction of Volume of Volatile Organic Compounds (VOC) Released
In FY2021, we promoted reuse of solvents through the introduction of solvent collection devices, andreplacement with low-VOC solvents, and we released 71.9 tons of VOC. Going forward, we will promote
improvement of varnish impregnation processes, substitution with low VOC paint and solvents, etc., andreduction of VOCs released.
Volume of VOCs Released and Reduction Rate (Japan)

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Promotion of Disposal and Processing of Devices that Include PCBs
In accordance with the Act on Special Measures concerning Promotion of Proper Treatment of PCB
Wastes (PCB Special Measures Act), we are gradually disposing of devices that contain PCBs
(polychlorinated biphenyls) such as transformers and condensers that were manufactured in the past andstored for nearly to 40 years.
In FY2022, we disposed of 0.1 tons of waste containing high concentrations of PCBs and treated 335.9
tons of waste containing trace amounts.
Since we began processing PCB waste in FY2007, through FY2022, we have disposed of approximately
105 tons of waste containing high concentrations of PCBs and treated about 734 tons of waste
containing trace amounts. In FY2023, we expect to finish the processing of registered waste containing
high concentrations of PCBs.
Going forward, we will continue to work to comply with laws and treat PCB waste by the treatment
deadline.
Volume Treated of Harmful Waste (Waste Containing PCBs)

Promoting the 3Rs for Waste (Reduce, Reuse, and Recycle)
Meidensha is working to recycle waste generated at production sites and offices.
In FY2022, we revised our calculation method for recycled quantity, and we worked to improve theprecision of calculation by appropriately calculating the amount of waste generated by recycling. The
amount of waste increased due to a large amount of waste (debris) being generated by an increase in onsite construction; however, we will work to reduce the amount of waste generated by continuing topromote the 3Rs.

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Trends in Generation of Waste, etc., and Recycling Rate (Japan)* Construction sludge, etc., is excluded from the amount of waste, etc., generated.
* Since FY2019, we have revised aggregation methods to improve the precision of recycling rate
calculation.
Breakdown of Waste Generated in FY2022 (Japan)

Collaboration with Other Companies to Reduce Waste and Resource Use(Recycling Epoxy Resin Molded Components)
Meiden Chemical Co., Ltd., which is a group company involved with manufacture and sale of electricalinsulators has realized the recycling of used epoxy resin molded components as raw materials by using amethod of depolymerization under ordinary pressure, which separates the metal from the resin. Epoxy
resin molded components are generally disposed of in landfill as they are considered difficult to recycle;
however, Meiden Chemical Co., Ltd. has licensed the patented room temperature dissolution methodfrom Showa Denko Materials Co., Ltd. (formerly Hitachi Chemical Co., Ltd.), which enables it to recycle
95% of existing components, as well as control cost than sending them to landfill. During recycling, we
conduct lifecycle assessment (LCA) according to data obtained at the testing plant, which quantitatively
assesses environmental impact if recycled and if not recycled.
In addition to insulating molded components, Meiden Chemical Co., Ltd. is working to roll out insulating
material products as major flagships with features such as long-life resin for impregnation andenvironmentally friendly low-odor varnish.
Meiden Chemical Co., Ltd. is currently engaging in research such as extraction of rare metals by
dissolving insulating varnish from superconducting coils and recycling of fiber-reinforced plastic toproduce resources again.

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Flow chart of dissolution recycling of epoxy resin molded components

Dissolution plant exterior

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HOME

Sustainability

Environment

Water Resources

Water Resources

PolicyThe Meiden Group will work on implementing measures to promote water resource conservation
activities by utilizing water resources efficiently and respond to water risk that impacts businessactivities, as a step toward conservation of the global environment and realization of a sustainable
society.
We will contribute to the solution of a range of social issues relating to the conservation of water
resources through our businesses.
Plan and Targets

The Meiden Group includes “promotion of water reuse” and “water safety” as part of the medium- to longterm “Environmental Vision.” We will work to preserve water resources through water conservation andeffective utilization of rainwater; take steps to respond to water risks such as water shortages, flood, andcontamination; and improve sanitation.
Initiatives

Water Risk Assessments
The Meiden Group conducts evaluation of water risk for initiatives to conserve water and comply with
effluent standards. Using the Water Risk Filter, a water risk assessment tool distributed by the World Wide
Fund for Nature, we assessed 16 production sites in 9 countries. We found that although domestic sites
were within ordinary risk levels, 50% of overseas sites were located in high-risk areas. In particular, risks
related to water quantity and quality assurance were found to be high. Some sites in India and China were
found to be located in very high-risk areas. For these, we will take the optimal measures for each site
based on assessment results.
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Achievements ・ Data

Trends in Water Usage Volume (Japan)

Water Withdrawals, by Source (Japan)
FY2018FY2019FY2020

FY2021

FY2022Groundwater (1,000 m3)

943

1,626

1,344

1,728

1,552

Industrial water (1,000 m3)

80

70

87

43

22

53

63

59

63

69

3

Tap water (1,000 m )* Water usage volume includes tap water, water for industrial use, and ground water.
* Measurement points were changed in fiscal 2021 in order to increase accuracy, there is no continuity
with those in fiscal 2020 and before.
Trends in Effluent by Discharge Location (Japan)

Trend in Water Quality Data (BOD Discharge) (Japan)

BOD

FY2019FY2020

FY2021

FY2022

4,843 kg

6,424 kg

6,408 kg

4,474 kg

Initiatives

The Meiden Group has been in business over 125 years. As such, some of the infrastructure at production
sites has significantly deteriorated.
This is particularly true of the water infrastructure, which we are rebuilding as a special priority for BCP
reasons.
At Numazu Works, one of our main production sites in Japan, we will begin building a large new
combination water-purification tank in November 2023. To go with it, we are rebuilding the plant’s watersupply and factory effluent systems. Nagoya Works and Ota Works, two other major production sites inJapan, are likewise aging. Their updates will be planned and implemented in turn.

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[Overview of Project to Rebuild Water Infrastructure](1) Remove 22 individual water-purification tanks to meet our obligation to make efforts related to Japan’s Private Sewerage System Act and improve the quality oftreated effluent(2) Prevent leaks by bringing buried water supply pipes above ground (reduce water usage)(3) Strengthen control of quality and quantity of treated effluent by separating the factory effluent system from rain water
Initiatives

Conservation of Water Resources: Initiatives through BusinessContributing to the Solution of a Range of Issues Relating to Conservation of Water Resources
In addition to design, construction, and execution of water treatment plants, the Meiden Group provides
total support through to operation and maintenance as a general water treatment manufacturer, based on
our record of involvement with construction and development of water and sewerage systems in Japan.
We are contributing to the solution of a range of issues relating to the conservation of water resources
through or water infrastructure systems business, which is one of our core businesses.
Contribution to Local Water Disaster Prevention Through Real-Time Flooding Updates
Delivery of Flooding Information System That Uses Smart Flood Level Rods to Saga City
We delivered a flooding information system that uses smart flood level rods (automatic flood levelmeasurement rods) to Saga City. Saga City began using this system to provide a disaster prevention
information service concerning flood levels to residents and others on April 25, 2022.
Saga City developed the Saga City Basic Plan on Wastewater Measures (March 2014) to deal withincreasing flood risk due to rain inundation as a result of downpours increasing in frequency and severity
in recent years due to climate change. The city aims to create a “city and populace that is resilient against
flooding” by implementing software measures such as creating and disseminating hazard maps inaddition to hardware measures such as installing pump stations, channels, and balancing reservoirs. As
one of these measures, the city installed flood level rods in 83 locations in the city, and is actively
promoting utilization of information for self, mutual, and public assistance to prevent disasters as part ofincreasing awareness of flooding.
Until now, flood level rods have been relied on for reading and reporting by citizens and disastervolunteers. Now, real-time disaster prevention information can be used for flood protection activities dueto the expand of automatic measurement. Up to FY2021, we have partnered with Saga City to conduct
demonstration experiments of real-time monitoring systems using automated flood level rods. The
systems were installed in practical use in 29 locations throughout the city.
We received an order from Saga City to build a flood information provision system to notify residents, etc.,with the aim of further utilizing disaster prevention information obtained through automated flood levelrods (smart flood level rods), and delivered the system in March 2022.

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What is a Smart Flood Level Rod?
A smart flood level rod is an IoT device comprising a rod (pole) fitted with a transmitter, an antenna, and abattery. It gathers flood information in real time, and provides it via the cloud computing.
Product Features
・It is possible to wirelessly transmit, gather, and provide information via the cloud computing, using
LPWA transmission devices fitted to rods

・

It is possible to supply power to sensors and transmission devices from batteries mounted on therods・

It is possible to monitor flood levels in real time, simply by installing rods on roads＜Diagram of smart flood level rod application＞

Collaboration with Stakeholders: Partnerships with Outside Parties
The Meiden Group, in cooperation with its stakeholders in Japan and overseas, will pursue manufacturingthat helps solve challenges such as Sustainable Development Goal 6 (which seeks clean water andsanitation for all) and Goal 14 (conservation of marine resources), sustainably create value, and work tosolve social issues.

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Order Taken for Tuas Water Reclamation Plant
Will Provide Ceramic Membranes with World’s Largest Treatment Capacity of 97,500 m3/Day
MEIDEN SINGAPORE PTE. LTD. (MEIDEN SINGAPORE) has received an order from Singapore enterprise
Koh Brothers Building & Civil Engineering Contractor (Pte.) Ltd. for ceramic membranes for an industrial
effluent MBR* facility at the Tuas Water Reclamation Plant of the Singapore Public Utilities Board (PUB).
This project is a new water reclamation plant to be built in western Singapore, scheduled for completionin 2025.
MEIDEN SINGAPORE will supply ceramic membranes with a treatment capacity of 97,500 m3/day to theplant. The Meidensha ceramic membranes to be delivered can help to save energy and will offer highdurability, excellent chemical resistance, and long life.
* MBR: Abbreviation of membrane bioreactor, a technology that separates activated sewage. It uses
membranes instead of conventional settling tanks to separate treated water and activated sludge fromeach other, thereby cleaning sewage and industrial effluent.
Under a 2010 memorandum of understanding (MOU) with PUB for the joint development of water
treatment technology, we have been conducting a demonstration study on industrial effluent treatment at
the Jurong Water Reclamation Plant. In 2014, a 4,550 m3/day demonstration plant began operating at theJurong site. Highly concentrated industrial effluent that had previously been difficult to reclaim was
successfully reused. PUB made note of the achievements, which led to the recent order for ceramic
membranes for the Tuas Water Reclamation Plant.

Tuas Water Reclamation Plant©2021 PUB, Singapore’s National Water Agency■About Ceramic Membranes

Appearance of ceramic membrane

Cross-section diagram showing sewage filtration withceramic membrane

・ Ceramic membranes contain countless pores invisible to the human eye. The pores filter out

impurities as sewage passes through.
・ The 6-mm-thick ceramic membrane has a hollow structure and collects clean filtered water through acollecting tube on the inner side.
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HOME

Sustainability

Environment

Biodiversity

Biodiversity

PolicyPolicy on the Conservation of Biodiversity
The Meiden Group relies on the blessings of nature, which has biodiversity at its core, while its activities
also have an effect on the natural environment. The Meiden Group aims to minimize this impact, create
new symbiotic relationships, and contribute to the creation of a sustainable society.
The Meiden Group understands that the conservation of biodiversity is a major issue to be faced in orderto achieve a sustainable society, hence reflects its ethos on biodiversity conservation in the Meiden
Group’s “Basic Environmental Philosophy,” “Environmental Policies,” and “Environmental Vision.”
Furthermore, we have drafted guidelines on the conservation of biodiversity in order to clearly state therelationship between our business activities and preserving biodiversity and we are applying them in ourbusiness activities.

Meiden Group Biodiversity Guidelines
Basic Policy
We understand that our business activities benefit from the blessings of nature and at the same time,
give various environmental impacts. We will deepen our people’s understanding of the importance of“Conserving Biodiversity” and contribute to realizing a sustainable society through our products andinnovative technologies.
Action Guidelines①

We will contribute to conserving biodiversity through the development and supply of environmentally conscious products and innovative related technologies
and thus promote our water processing business and renewable energy-related business and reduction of the use of hazardous chemical substances in our
products.

②

We will clarify how our business activities interrelate with biodiversity and we will help to conserve biodiversity by reducing the environmental impacts of ourbusiness activities.

③

We will comply with applicable laws, regulations, and international rules relating to biodiversity.

④

We will deepen our people’s understanding of “Conserving Biodiversity” and we will take voluntary related initiatives at home and abroad.

⑤

We will undertake activities in cooperation with our stakeholders such as local communities, non-profit organizations (NPOs), non-governmental organizations(NGOs), governments, etc., and we will promote environmental communication with such activities’ information.

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Meiden Group Sustainability 2023

Map of Relationships Between Business Activities and Biodiversity* This map is based on the Business & Biodiversity Interrelationship Map® of the Japan BusinessInitiative for Biodiversity (JBIB).
Initiatives

The Meiden Group is actively conducting protection and conservation activities in conjunction with local
residents for nearby creatures, etc., on Meiden property and elsewhere, at each location.

A Head Office Building That is Considerate of Biodiversity
The ThinkPark Tower head office building in Osaki, Shinagawa City, Tokyo, is surrounded by the ThinkPark
Forest on a block that is approximately 40% greenery. It is an oasis in the city and provides a relaxing
space for employees and the local community.
Also, the Kazenomichi Path, which was designed so that the prevailing wind blows from the Meguro River
and Tokyo Bay, provides relief from the heat island effect. ThinkPark Forest has been certified as an“urban oasis” by the Social and Environmental Green Evaluation System (SEGES).** A certification system for evaluation of green initiatives.
SEGES (Only Japanese)

ThinkPark Tower

ThinkPark Forest

Initiatives at Each Site for the Conservation of Biodiversity
At each site of the Meiden Group, we are working to conserve biodiversity on the grounds of each site andnearby.

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Head Office Area
Ikimono Log (Living Nature Log)
In the head office area of Osaki, Shinagawa Ward, Tokyo, we take pictures of the organisms that live in thevicinity of the head office building and post them on the Ikimono Log (Living Nature Log) website
operated by the Ministry of the Environment. We hope to create a database with information on theorganisms that live in the area.

Brown-eared bulbul

Warbling white eye

Asian swallowtail butterfly

Click here to view Ikimono Log. (Only Japanese)

Osaki-no-Mori Nature Observation Events
We provide elementary school students near our head office with opportunities to interact with nature as
they search for cicadas living in the area.

Participation in Ohana Ippai Osaki Activities
At head office and a group company (Meiden Engineering Corporation), we prepared soil in flower beds
near Osaki Station, which are managed by Osaki Machi Unei Kyougikai, along with co-sponsors. Goingforward, we will continue to actively participate in activities that leave abundant nature for future
generations.

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Meiden Group Sustainability 2023

Numazu Works
The Numazu Works is blessed with the bounty of nature such as a green zone (area = approximately
65,000 m2) and groundwater. We are conducting activities to use these natural resources in a sustainable
manner and contribute to the community.
Maintaining Biotopes
Through the survey of organisms, we discovered Atrocalopteryx atrata dragonflies, which are classified
as class II endangered species, at the Numazu Works. We are maintaining a good biotope in the hope thatthe dragonflies will lay their eggs.

Beach Cleanup at Senbonhama Park
In 2022, to commemorate the 125th anniversary of the founding of Meidensha, we donated 125 Japanese
black pine trees and had Meiden Group employees plant them at Senbonhama Park in Numazu.

Ota Works
Botanical Survey of On-Site Green Zone
At the Ota Works, we conducted an on-site botanical survey and found more than 30 varieties of trees. We
included the results of the survey on the Ota Works Green Zone Map and we will apply the knowledge
gained for future utilization of the green zone.

Ota Works Green Zone Map

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Meiden Group Sustainability 2023

Kanayama Red Pine Grove Conservation Activities
The red pine grove in Kanayama is the most well-known natural landscape in Ota City. Kanayama Castle
was created using the natural contours of Kanayama and it is a precious historic site that is listed in the
top 100 castles in Japan. The Ota works is registered as part of the “red pine managing owner system”
and we work to conserve the red pine grove by participating in activities such as weeding.

Discontinued Selling PET Bottles at Our Facilities
The problem of marine pollution caused by plastic waste has spread over a wide area, and there areconcerns that it can adversely affect the ecosystem, living environment, fisheries, tourism, etc. The use ofplastic bags has been abolished since July 2020 at on-site shops in the Meiden Group's Numazu Worksand Ota Works. Shops prepare eco-bags instead of using plastic disposable bags at the checkout. We
conducted e-learning for all Meiden Group employees concerning the problem of marine plastic waste,
and stopped selling PET bottles from all vending machines at Numazu Works in December 2021. We are
reducing plastic waste by eliminating the use of PET bottles, which had previously totaled 500,000 bottles
per year.

Educational poster concerning theVending machine after cessation ofproblem of marine plastic waste

sale of PET bottles

The Biodiversity Working Group, the Four Electrical and Electronic Industry
Associations
Meidensha has participated in the Biodiversity Working Group, a group consist of four electrical andelectronic industry associations*, since its inception in FY2011. As a member of the industry, we arepromoting our biodiversity initiatives through the activities of the working group and enhancing our own
efforts.
Click here to view information on the Electronic Industry Associations Biodiversity Working Group.

* The Japan Electrical Manufacturers’ Association (JEMA), the Japan Electronics and Information
Technology Industries Association (JEITA), the Communications and Information network Associationof Japan (CIAJ), and the Japan Business Machine and Information System Industries Association(JBMIA)89

Meiden Group Sustainability 2023

HOME

Sustainability

Environment

Overview of Environmental Impacts by Our Business Activities

Overview of Environmental Impacts by Our Business
Activities

The Meiden Group finds out the overview of environmental impacts by our business activities and uses
this information to plan specific activities.

Overview of Environmental Impacts by Our Business Activities (FY2022)
Our rate of use of major resources (INPUT) and our environmental impacts from our business activities(OUTPUT) are shown below.

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Sustainability

Environment

Environmental Impact Data (FY2022) From the Four Main Manufacturing Sites (Domestic Manufacturing Sites)

Environmental Impact Data (FY2022) From the Four
Main Manufacturing Sites (Domestic Manufacturing
Sites)Numazu Works
Message From the Environmental Manager
The Numazu Works is the main factory of the Meiden Group and conducts development, design, andmanufacture of supervisory control equipment, power conversion equipment, power transformers anddistribution panels , motor control equipment(inverters), electronic products, and surge arresters,development of software for integrated control devices and standalone, and on-site installation, and aftersales service for products.
At Numazu Works, we are promoting efficient energy use through capital investment and reform ofequipment operation and are advancing replacement of SF6 gas with dry compressed air, as a measure
to reduce emissions of SF6 gas, which is a particularly potent greenhouse gas, in the product testingprocess.
Additionally, to comply with the purposes of the Building Standards Act (one water-purification tank persite) and the Private Sewerage System Act (obligation to make efforts to convert individual waterpurification tanks to combination water-purification tanks), and to avoid the risk of process wastewater
spills, a complete upgrade on the wastewater system at the plant began in FY2022. By consolidating 28
existing tanks (22 individual water-purification tanks and six combination water-purification tanks) into
one combination water-purification tank to be newly constructed, and rerouting the process piping, we willachieve safe water treatment and reduce electricity consumption with the improved operating efficiencyof the treatment facilities.
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Meiden Group Sustainability 2023

Environmental Impact Data (FY2022)

Ota Works
Message From the Environmental Manager
The Ota Works conducts development and manufacture of large electric generators, power generationequipment, dynamometer systems, and control equipment, etc.
In addition to previous environmental activities, this year, we sourced CO2-free electricity that is produced
and consumed within Gunma Prefecture and achieved zero greenhouse gas emissions from electricity
consumption. We will continue working to reduce our environmental impact and achieve the SDGs.
Ota Works, Environmental Manager, Manabu Fujikawa
Environmental Impact Data (FY2022)

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Nagoya Works
Message From the Environmental Manager
The Nagoya Works develops and manufactures logistics and transportation products and ceramic
membranes used for water treatment and has manufactured integrated motor and inverter units for EVs
since FY2020.
In FY2022, our factory for integrated motor and inverter units for EVs went into full operation, plus
production of ceramic membranes increased, resulting in higher emissions of greenhouse gases.
However, we worked to achieve efficient equipment operation, and emissions per unit of production were
improved. As the rate of decarbonization is increasing and technology for electrification, computerization,
and artificial intelligence of electric vehicles is evolving rapidly, Nagoya Works is focusing onelectrification and will continue to contribute to society through future automation of automobiles.
Nagoya Works, Environmental Manager, Tomohisa Asakura
Environmental Impact Data (FY2022)

KOFU MEIDENSHA ELECTRIC MFG. CO., LTD.
Message From the Environmental Manager
Since its foundation in 1943,

KOFU MEIDENSHA ELECTRIC MFG. CO., LTD. has been manufacturing

small and medium-capacity industrial motors and forklift motors, and has been manufacturing EV motors
since 2009.
In FY2022, our new factory for EV motors went into full operation, resulting in greater energy use.
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Meiden Group Sustainability 2023

improved. In addition, since FY2022, we have been sourcing renewable electricity for a portion of theelectricity we use as we work to reduce greenhouse gas emissions.
KOFU MEIDENSHA, Environmental Manager, Oda Shigehiro
Environmental Impact Data (FY2022)

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Sustainability

Environment

Promotion of Environmental Communication

Promotion of Environmental Communication

PolicyThe Meiden Group engages in two-way communication with all our stakeholders, which is intrinsicallylinked to the development of our environmental activities. We also actively disclose information on our
activities and their results.
Initiatives

Initiatives
Promotion of Environmental Communication
The Meiden Group is working to create relationships of trust in order to remain to be a company that isneeded by society.
We actively release information concerning our environmental conservation activities and environmental
impact through our website. We reflect the opinions and needs expressed by our stakeholders in the
Meiden Group’s environmental activities and environmental training.
Environmental Communication Organization Chart95

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Initiatives
Endorsement and Participation in GX League
Meidensha has endorsed and participated in the Ministry of Economy, Trade and Industry’s GX League, aforum for companies that aim to achieve sustainable growth in the present and future society by taking
on the challenge of GX (Green Transformation) to achieve carbon neutrality and social transformation by
2050. Here, they can collaborate with other companies making similar efforts and with government andacademia.

The Meiden Group has set carbon neutrality and well-being as the values we provide, and we declare thatbeing a sustainability partner is our aspiration and vision for achieving the society we aim for. Our goal is
to contribute to the decarbonization of society through our products, businesses, and solutions.
At the same time, we aim to achieve carbon neutrality (net zero) in our business activities by 2050. As anintermediate step, we have set the following GHG emissions reduction targets, which we are working toachieve by FY2030: 30% reduction of emissions from business activities (Scope 1 and 2; compared to
FY2019) and 15% reduction of emissions during product use (Scope 3 Category 11; compared with
FY2019).*We believe that the vision and direction of the Meiden Group are in line with the purposes of the GX
League and we have expressed our support for the GX League concept. Moreover, we became a GX
League participating company on May 15, 2023.
We are accelerating efforts to achieve carbon neutrality in several ways. For example, by selling moreenvironmentally friendly products, we are contributing to the decarbonization of society and ourcustomers’ business activities. We are also utilizing renewable energy sources such as photovoltaic,
wind, and hydro power, and also improving energy conservation by increasing the efficiency of our
products.
* These targets were recognized by the SBT initiative as consistent with the Paris Agreement, and SBT
certification was granted in April 2021.
Medium- to Long-Term Environmental Targets at the Meiden Group

Meiden endorses METI’s GX League Basic Concept

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Sustainability

Environment

Foster Environmental Awareness

Foster Environmental Awareness

PolicyThe Meiden Group believes that increasing each person’s environmental awareness leads toenvironmental contributions to society.
Initiatives

Foster Environmental AwarenessWe conduct education relating to environmental initiatives such as environmental management andenvironmentally conscious design as part of the regular curriculum for employee education, which is
conducted for each level of employee such as new employees, new managers, and candidates for
executive roles.
Furthermore, we promote environmental activities at each site, conduct internal auditor education, etc.,
for personnel that are involved with work that impacts the environment, and conduct specialist education
as necessary.
Environmental Education (e-learning) for All Meiden Group Staff
Each year, we conduct environmental education for all staff of the Meiden Group, including officers,
through e-learning. In FY2022, we gave training on Japan’s Plastic Resource Circulation Act, which went
into effect in April 2022. Of Meiden Group employees, 85.9% took the course online, and educational
materials were shared with subject employees who were unable to take the course online.
Following are examples of comments and impressions of employees who took the training.
＜Trainee impressions＞
・This was a good opportunity to learn about Meidensha’s environmental initiatives.

・This has inspired me to more actively sort my plastic waste from now on.

・

Now I hope to use less plastic at home, such as by choosing products that come without a label.

Promoting Acquisition of Certification Test for Environmental Specialists (Eco Test)® Certification
We promote acquisition of Certification Test for Environmental Specialists (Eco Test)® certification
provided by the Tokyo Chamber of Commerce and Industry, and provide support for examination costs
and provide sample questions, etc., through e-learning. In the January test in FY2022, our pass rate was

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88%. We have 910 Eco Test certification holders as of March 2023. We will provide a bonus from FY2022
to FY2024 for people who have acquired qualifications, as part of promoting acquisition of qualifications.

* Eco Test® is a registered trademark of the Tokyo Chamber of Commerce and Industry.
Specialist Education
We conduct specialist education as necessary at each site, conduct internal auditor education, etc., foremployees that promote environmental activities or are involved with work that impacts the environment.
In FY2022, we gave training for factory staff on such topics as carbon neutrality, implementation ofchemical audits, and management of chemicals in products. In addition, we gave training on controlling
CFC emissions and on waste disposal for members of the sales division.
Education Concerning Environmental Laws
We also teach employees about environmental laws and regulations as part of compliance training. In
FY2022, we gave lectures on Japan’s Waste Disposal Act, PCB Special Treatment Act, and Water Pollution
Prevention Act. By looking at case studies of violations, we remind trainees of the importance of legal
compliance.
Environmental Management Seminars for Management-Level Employees
Each year, we invite outside experts to hold environmental management seminars for management.
Date

Theme

Instructor (affiliation, role, etc., are those at the time)

12/21/2017

Increasing expectations for environmental

Toshihiko Goto

management: ESG investment, SDGs, and TCFD

CEO of Sustainability Forum Japan

recommendations to disclose climate-related

Chairperson and executive director of Global Compact Network Japanfinancial information, etc.
12/21/2018

Toward the utilization of SDGs

Yoriyuki Numakura
Manager of KPMG AZSA Sustainability Co., Ltd.

06/21/2019

Trends in ESG investment and information

Mari Yoshitaka

disclosure: TCFD recommendations

Chief Consultant, Clean Energy Finance Division,
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

12/11/2020

The Meiden Group’s CO2 reduction plan to achieve

Yoshihisa Niwa

SBTs

Managing director and partner of the Boston Consulting Group
Shoji Hajime
Managing director and senior partner of the Boston Consulting Group
Makoto Morihara
Principal of the Boston Consulting Group

05/26/2022

Latest trends in disclosure of corporate information

Kosuke Terasaki

concerning climate change

Senior Researcher
Sustainability Sec., Risk Management Department 3rd
MS&AD InterRisk Research & Consulting, Inc.

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Results Data

Environmental Education Results (FY2022)
Content
Environmental education

Times conducted

Number ofparticipants

1

7,213

8

－

(e-learning)
Specialist education

Outline・ Japan’s Plastic Resource Circulation Act in the MeidenGroup・ Carbon neutrality training
・ Chemical audit implementation training
・ Training on management of chemicals in products
・ Group-wide internal environmental auditor training
・ CFC emissions control training
・ Waste processing training

Education concerning environmental laws

4 & shared by video

4,336

・ Laws relating to the environment
・ Examples and causes of contraventions
・ Meidensha’s compliance status
・ Management of chemical substances according to law
・ The PCB Special Treatment Act
・ The Waste Disposal Act
・ Water Pollution Prevention Act

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