YUASA’s Sustainability Promotion

Sustainability Declaration

Based on our corporate philosophy of “Honesty and Trust,”“Enterprise and Innovation” and “Regard for the Individual,” the YUASA TRADING Group has contributed to the further development of prosperous, humanitarian societies by valuing mutually beneficial, symbiotic relationships in all countries and regions of the world, with a focus on maintaining harmony with the global environment.
In order to further advance our management foundation passed down over 350 years, we enacted a “Sustainability Declaration” based on this corporate philosophy and we are doing our utmost to contribute to the construction of a sustainable society.

1

Harmony with the Global Environment

We aim to be carbon neutral across the entire YUASA TRADING Group by FY2030. We will also focus on creating a relationship of mutual benefits, respond to climate change, and strive to reduce our environmental impact across the entire supply chain.

2

Business Activities for Service with Good Products

Based on the mindset of “service with good products” that has been passed down from the founding of the company, we conduct fair, honest, and reliable commercial transactions as well as promoting the creation of a safe, secure, and rich society with our stakeholders as a “TSUNAGU” Service Integrated Shosha Group.

3

Management that Respects Humanity

We operate diversity management that respects the individuality and human rights of employees. We will develop as a corporate group where each employee can feel their work is meaningful and that they are able to grow.

Discussions in forming the Sustainability Declaration Sustainability Declaration

We believe sustainability is the resolution of social issues through business as targets in the “YUASA VISION 360.” A study team consisting of the Corporate Planning Department of the Company and outside experts considered materiality, Sustainability Declaration details, promotion structure, and the action plan. We also discussed deploying the energy storing know-how from the Eco & Energy Solutions Business in-house in order to proactively take efforts to calculate and reduce greenhouse gases.

Materiality

Materiality Selection Process

We have established the procedures below for important issues (materiality) that we will focus on to preserve sustainable growth.

  • Extraction of issues

    Based on our corporate philosophy and relationship with stakeholders, we conducted initiatives for ESG (Environment, Social, Governance) and extracted issues needed to achieve the YUASA VISION 360 in each business division.

  • Setting priorities

    Through dialogue with external experts, we created a materiality matrix after organizing important areas based on sustainability direction.

  • Confirmation of appropriateness

    We conducted discussions in the management meeting attended by Directors and Senior Executive Officers, as well as held hearings with major stakeholders and Outside Directors to confirm the appropriateness of measures.

  • Identification of materiality

    Materiality was determined by the Board of Directors.

Major opinions and advice received at hearing to stakeholders

・We are not unfamiliar with the concept of materiality. Resilience is a keyword for Japan and a strength of YUASA TRADING, so this can be utilized in future developments. (Financial institution)
・The resilience and environmental solutions as well as SDG initiatives at YUASA TRADING are more forward-thinking, so we hope the company will continue to grow these areas further. (Business partner)
・We hope to see proactive information disclosure about execution processes and specific action plans. (Business partner)

Materiality Matrix

Action Plan

Initiatives to Achieve Carbon Neutrality

  • Implement renewable energy

    Reduce purchased electricity and CO2 emissions by consuming electricity generated by solar power on site with no CO2 emissions.

  • Promote energy-saving (operation and equipment)

    Reduce purchased electricity and CO2 emissions by energy-saving, such as making operations improvements and updating to more efficient equipment (lighting/air conditioning).

  • Switch to eco-friendly company vehicles

    Reduce CO2 emissions by switching to eco-friendly vehicles for sales and distribution.

  • Fix CO2 by company-owned forests

    Fix CO2 by ongoing management of the Company’s Group-owned forests

  • Purchase renewable energy

    Reduce CO2 emissions by purchasing power generated by zero carbon renewable energy (power with no net CO2 emissions as offset by non-fossil certificates (credits), etc.).

  • Utilize emission credits

    Offset emissions through CO2 emission credits held by the Company.

Sustainability Management Promotion System

Along with the “Sustainability Declaration,” we established the Sustainability Promotion Committee in October 2021. This committee, which is comprised of Directors and chaired by the Representative Director, will inquire and provide advice about important sustainability issues to the Board of Directors.
The administrative bureau is the Sustainability Promotion Office, which was established in the Corporate Planning Department. It will collaborate with each business division, formulate policies, gather and manage data related to ESG, and conduct improvement activities.