Basic Philosophy
With the motto of "developing and producing machines friendly to both people and the environment", and with profound recognition of being a member of the society, we are committed to acting with due consideration to the global and regional environments in every aspect of our business activities such as locating our production sites and conducting business in harmony with the environment. We put together our organization to tirelessly work on Sustainable Development Goals or SDGs, which are common goals of the global society.
Basic Policies
We, across our organization, conduct our business activities in harmony with the environment, paying due consideration to the environment in developing, designing, manufacturing, selling, after-sales-servicing environmentally-friendly Injection Molding Machines, Die-casting Machines and their ancillary equipment.
- With respect to our business activities, products and services, we always recognize the environmental impact of a given application range, precisely assess its influence on the environment, facilitate preventive measures against environmental pollution, establish an environment management organization, promote environment preservation initiatives and make continuous improvements to our environmental management system.
- With respect to our business activities, products and services, we establish and control in-house standards within a feasible range in terms of technology and economy so as to ensure compliance to relevant environmental laws and regulations, agreements into which our company enter, and any other such requirement.
- With respect to our business activities, products and services, we periodically evaluate any significant environmental impact and prepare environmental objectives and goals based on assessment of environmental load. These objectives and goals are also periodically reviewed.
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With respect to our business activities, products and services, we place priority on the following particulars for minimizing significant environmental load:
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Providing products complied with our environmental CSR.
- Cutting down on CO2 gas through the entire lifetime of our products
- Promotion of green procurement
- Development of green technologies in injection molding and die-casting
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Production activities in consideration of environmental CSR
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We commit to carbon neutrality as an effort to address climate change.
- Introduction of energy-saving production equipment (electricity, oil and natural gas)
- Optimal use of air conditioning and lighting
- Striving to reduce emission of chlorofluorocarbon and other greenhouse gases through appropriate control
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Promote reducing industrial waste for more effective use of natural resources
- Promoting waste separation so as to reduce waste generation and to facilitate recycling
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Promote intensive controls of chemical substances and reduce their consumption.
- Reducing consumption of paint and thinners
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- Put efforts into preventing water pollution in consideration of the location of our factory which is adjacent to the Seto Inland Sea, and promote greening for greater harmony in the local community.
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- We separately document environmental policies and ensure that all divisions including related companies located on our premises and all personnel including subcontractors' employees working in our facility are familiar with those policies for environmental awareness-raising.
- If requested by outside organizations or the general public, documents of our environmental policies are disclosed.
Yoshiaki Tabata, President & CEO
TOYO INNOVEX Co., Ltd.
August 1, 2023
Environmental Materiality, Objectives, and KPIs
| Materiality | Materiality details | Goals | KPI |
|---|---|---|---|
| Take environmentally friendly actions. | Reduce the environmental impact of our company. | Strengthen the development of foundational technologies. | Number of patent applications and registrations, and the number of industry-industry and industry-academia joint research projects and results. |
| Maintain ISO 14001 certification. | Achievement rate of environmental policy action goals. | ||
| Develop products with low environmental impact. | Reduce power consumption in products. | Ratio of sales of environmentally friendly electric servo-driven Die-casting Machines. | |
| Commit to carbon neutrality. | Contribute to CO2 reduction through product sales. | Number of shipments of environmentally friendly option products. | |
| Enhance the disclosure of information related to climate change. | Disclosure of information related to climate change. |
Progress of environmental activities.
Our company has been conducting business activities with consideration for the global environment since before environmental awareness became as high as it is today. Moving forward, we will continue to contribute to reducing environmental impact through our products and further promote environmental initiatives within our company.
1985
- Launch of Electric Servo Driven Injection Molding Machine Production
- Pioneered the electrification of drive systems in the industry, achieving energy savings and CO2 emission reductions.
1998
- Joint Development with another company of Electric Disc Molding Machine ※1
- Successfully overturned the conventional reliance on hydraulic disc molding machines by introducing electric drive technology.
2000
- ISO 14001 Certification Acquisition, Establishment of the Environmental Management Center, and Formulation of Environmental Policies
- Obtained ISO certification for environmental initiatives at our headquarters and factory.
2008
- Launched Production of Environmentally Friendly Electric Die-Casting Machines, the Ds series.
- Achieved electrification of drive systems also in die-casting machines, leading to energy savings and CO2 emission reductions.
2011
- Energy-Saving Compact Low-Pressure Die-casting System （※2） received the 8th New Machinery Promotion Award - Minister of Economy, Trade and Industry Award (from Japan Society for the Promotion of Machine Industry).
- Achieved more than 50% energy savings and significant downsizing compared to conventional systems.
2012
- Launched production of the fully electric servo driven Die-casting Machine, the DsF series.
- Successfully achieved full electrification of the drive system in die-casting machines.
2022
- Established the Sustainability Committee.
- Further strengthened sustainability (ESG) initiatives.
2024
- SAG Screw and SAG+αⅡ plasticizing technologies received the "Aoki Katashi" Technology Award.
- It has reduced CO₂ emissions by minimizing molding defects and shortening resin drying time.
- ※1 Joint development with Sony Disc Technology Inc. (at the time).
- ※2 Joint development with DENSO CORPORATION and Miyamoto Kogyosho Ltd.
Climate Change
Basic Approach and Policy
Our group faces risks that could make it difficult to maintain stable business operations due to rising temperatures and intensifying natural disasters caused by climate change (global warming). We obtained ISO 14001 certification in 2000 and, in accordance with its requirements, have independently established environmental policies and goals that consider the impact of our business activities on both the global and local environments. We have been working to ensure that our operations harmonize with the environment. As climate change becomes a critical global issue, our group aligns with the principles of the Paris Agreement, adopted in 2015, which aims to limit global temperature rise to within 1.5°C. To achieve this goal, we are reviewing our production activities and accelerating the development of environmentally friendly products under the theme of "decarbonization."
Governance
Our group recognizes environmental challenges, including climate change, as a material issue (key challenge) for solving social issues and ensuring sustainable corporate growth. The Sustainability Committee plays a central role in driving these initiatives.
Strategy
To comprehensively understand the impact of climate change on our business in 2030, our group conducted interviews with various departments and identified a wide range of significant events that could potentially affect the natural environment. We then conducted scenario analyses based on the "1.5°C Scenario" and the "4°C Scenario" to evaluate the extent of the impact on our group.
Risk Management
Each department identifies risks that could potentially impact our business, including those related to climate change. These risks are comprehensively evaluated based on two axes: "Impact on Business" and "Likelihood of Occurrence." Based on the evaluation results, we implement actions aimed at risk mitigation. The risks under management are consolidated within the Compliance and Risk Management Committee, chaired by the Board Director of Administration Division. After exchanging opinions and assessing departmental actions, the findings are reported to and discussed by the Sustainability Committee.
Indicators and Goals
Our group has set a goal to achieve carbon neutrality by 2050. To this end, we aim to reduce greenhouse gas emissions (Scope 1 and Scope 2) associated with our business activities by 46% by fiscal year 2030, using fiscal year 2018 as the baseline. As specific reduction measures, we are considering the introduction of solar power generation systems, the implementation of an Energy Management System (EMS), and the transition of energy sources used for air conditioning.
Major Risks and Opportunities Related to Climate Change
| Categories | Subcategories | Risks, Opportunities, and Impacts | Countermeasures and Strategies | ||
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| 1.5°C Scenario | Risks | Policies and Regulations | Strengthening of Climate Change-Related Regulations | Increased costs of compliance with various regulations and initiatives, such as the "Act on the Promotion of Resource Circulation for Plastics" and the "Advanced Energy Efficiency Investment Promotion Support Program" |
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| Technology and Market | Rising costs and supply challenges of energy and raw materials due to decarbonization | Impact on production, increased costs, and resulting revenue decline |
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| Reputation | Delays in CO2 emission reduction measures | Risk of being unable to continue business with new and existing clients |
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| Opportunities | Market | Increasing attention to products and services for a decarbonized society | Increased sales of environmentally friendly products |
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| Resilience | Compliance with environmental requirements such as Emission Standards and proper information disclosure | Maintaining and securing trust, leading to the retention and expansion of business partners |
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| 4°C Scenario | Risks | Acute Risks | Natural disasters Such as typhoons, heavy rainfall, and floods due to Climate change | Supply chain disruptions due to material procurement difficulties and factory shutdowns from disasters |
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| Chronic Risks | Rising average temperatures and prolonged heatwaves and cold waves | Deterioration of the work Environment and lower employee productivity due to climate-related Illnesses (e.g., Increased absenteeism) |
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