The Morinaga Group Environmental Policy clearly states that we will deepen our understanding of biodiversity and strive to maintain and conserve biodiversity and protect ecosystems. We will make efforts to understand our corporate activities’ dependence and impact on natural capital, and work to maintain and conserve it.
| Area | Details |
|---|---|
| Governance |
For governance information related to the Group’s sustainability, please refer to the governance section in “Information Disclosures Based on the TCFD Recommendations” on page 62. Discussions on natural capital and biodiversity are conducted by the TCFD/TNFD Subcommittee, which operates under the ESG Committee. Using the beta version v0.4 of the TNFD framework and the LEAP approach advocated by the TNFD as a reference, we analyze the Group’s dependence and impact on natural capital, risks, and opportunities. The subcommittee is chaired by the Director, Managing Executive Officer in charge of the Sustainable Management Division. Regarding the TNFD themes, we held four subcommittee meetings between April and September 2023. The results of this review were deliberated on by the ESG Committee. In turn, findings are reported to the Board of Directors, which also supervises the status of activities.
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| Risk Management | Risks and opportunities related to natural capital and biodiversity are examined by the TCFD/TNFD Subcommittee, with the findings deliberated on by the ESG Committee. The details of deliberations are reported to the Board of Directors, which supervises the status of risk management. |
The Group recognizes its dependence and impacts on natural capital associated with corporate business activities as shown in the figure 1 below. In addition, we confirmed the dependence and impacts of the Group’s main business of food product manufacturing, and the Group’s main raw materials, such as cacao, palm, and wood (paper). The figure 2 below shows the results of our assessment on 25 items̶16 dependent items and nine impact items̶using an external tool.
The production of food products is particularly dependent on the supply of water. We understand that the production of cacao, palm, and wood (paper) depends on many forms of natural capital such as good quality soil, water, and climate adjustment, and that the expansion of farmland and deforestation might affect biodiversity.
For cacao beans, palm oil, and paper, the Group is working to procure 100% sustainable raw materials.
We will further deepen our understanding of the situation of natural capital and strive to maintain and conserve natural capital and biodiversity.
Figure 1
Figure 2
In accordance with the Morinaga Group Procurement Policy, we are committed to the conservation of biodiversity and engaged in our procurement activities focusing on the raw materials that are considerate of the global environment.
In October 2019, Morinaga & Co., Ltd. joined the Roundtable on Sustainable Palm Oil (RSPO) and took the first steps towards the use of RSPO-certified oils.
We aim to promote the shift to FSC®-certified paper sourced from well-managed forests and other sources and expand the scope of its use in sequence.
We have started using Cocoa Horizons-certified raw materials in certain products.
