Our Group's Vision is "We are an integrated logistics and information company whose core-business is the low-temperature zone shipping and storage of food products in the globally developing market."
And one of the efforts to achieve this is "We will fulfill our corporate social responsibilities and become a logistics company supported by all stakeholders."
Corporate social responsibilities are to continue to increase corporate value through continuous growth, comply with compliance, and address social issues through business.
In the low-temperature food logistics network, we are closely connected with many stakeholders (raw material procurers, manufacturers, retailers, and consumers) to form a high-quality supply chain. In order to resolve social issues, we need to listen to all stakeholders, think about what we can do, and implement it quickly.
Recently, there has been a growing interest in environmental issues such as climate change and human rights issues in the value chain, and consumers tend to consume products that take these into account. Therefore, new measures are required, such as displaying total CO2 emissions.
In such a business environment, we recognized that sustainability-related initiatives are an important management issue. We formulated the Sustainability Policy and established a system that enables the Board of Directors to fully engage in sustainable management. We also identified five issues (materiality) that are important to both our business and stakeholders. By focusing on materiality, we will contribute to the achievement of the Sustainable Development Goals (SDGs).
In order to continue to be the company of choice for the next generation, we will work to resolve important issues and strive to increase corporate value.
President and CEO
Chilled & Frozen Logistics Holdings Co., Ltd. ("C&F") declares its intention to strive to achieve the "Sustainable Development Goals (SDGs)", agreed upon by the international community by committing to "solving social issues through business" in order to realize a sustainable logistics business, and practices "Sustainable Management" to create next-generation logistics together with its stakeholders.
C&F established the Sustainability Committee, an advisory body to the Board of Directors. This is because the Board of Directors dictate and oversee issues and responses related to sustainability. The Sustainability Committee will assess and analyze the current situation and report regularly to the Board of Directors.
In order to facilitate the smooth operation of the Sustainability Committee and to promote measures taken by business companies, the Sustainability Promotion Department will be established under the director in charge of sustainability. The Sustainability Promotion Department will also work to resolve issues related to sustainability by consulting external experts when necessary.
C&F has, after identifying and organizing the importance of social issues, including the SDGs, extracted themes that have great impact on society and the environment from both perspectives of business and stakeholders and that are of great importance in enhancing corporate value and continuing the business of the Group, and has identified five categories of materiality to be focused on for conducting sustainable management.
C&F recognized that climate-related initiatives are an important management issue. We formulated the Sustainability Policy, identified materiality, and established a governance structure for the Board of Directors. The Board will properly assess risks and opportunities related to climate change and oversee responses and results.
C&F has identified risks and opportunities for each stakeholder (supplier, company, and customer) in the value chain and examined them from the following perspectives of transition/physical risks and opportunities.
Transition risks and opportunities
-Policy and Legal :Tightened regulations on GHG emissions
-Market :Supply and demand of renewable energy and low-carbon products
-Technology :Advancement and diffusion of next-generation technology
-Reputation :Changing stakeholder reputationPhysical risks and opportunities
-Chronic :Environmental changes due to global warming
-Acute :Escalation of natural disasters
C&F assesses and identifies risks and opportunities extracted from two perspectives: the scale of the potential impact on the our businesses, and the likelihood of their manifestation.
C&F conducted a scenario analysis*1 on the risks and opportunities associated with climate change and the resilience of countermeasures.
＊1:Scenarios to use
・For the transition risks and opportunities : IEA's "Sustainable Development Scenario (SDS)",and "The Net Zero Emissions by 2050 Scenario (NZE)"
・For the physical risks and opportunities : IPCC's "Representative Concentration Pathway (RCP)8.5"
To manage climate change risks and opportunities, C&F has set medium- to long-term reduction targets based on CO2 emissions (Scope 1 and 2) as indicators, and will work to achieve these targets.
*1＆*3：Includes 13 domestic Group companies
*2：Reduction targets are based on Near-term SBT 1.5°C levels
*4：Categories that are not listed are not applicable