NOK Twin Green Plan 2030

Formulation of Long-term Environmental Vision for 2030

In response to the global shift towards decarbonization and in light of the results of our TCFD scenario analyses, we have revised the NOK Twin Green Plan 2030 that we formulated in 2018 and declared our aim to achieve carbon neutrality by 2050.
Under this long-term vision, our group as a whole is committed to making concerted efforts to support the electrification of automobiles and carbon neutrality in order to achieve a sustainable society by providing environmentally friendly products and through our business activities.

Green Factory

Climate change

  • We aim to achieve carbon neutrality by 2050.
  • As our milestones for achieving carbon neutrality, we will move forward to reduce our domestic CO2 emissions by 50% (compared to 2018), and our overseas CO2 emission intensity by 30% (compared to 2018) by 2030.
  • We will introduce in-house carbon pricing to advance our CO2 emission reductions.
  • We will actively promote the use of renewable energy sources.
  • We will develop production facilities that consume 20% less energy compared to previous facilities.

Resource recycling

  • We aim to promote resource conservation, reduce waste, and achieve a 100% recycling rate.

Water risks

  • We will work on reducing water use and ensure cleaner wastewater.

Green Product

Climate change

  • In response to the electrification of automobiles, we will offer products that contribute to carbon neutrality through a variety of approaches.
  • We will contribute to CO2 reduction through our products by developing low-friction technologies that reduce fuel consumption.
  • We will promote the formation of a sustainable society by providing products that contribute to the spread of renewable energy.
  • We will provide products that contribute to the spread of next-generation energy technologies such as fuel cells.

Resource recycling

  • We will thoroughly control chemical substances in our products and improve their environmental quality.

Water risks

  • We will provide products that contribute to the effective use of water (hygienic water supplies and water circulation).

Biodiversity

  • We will promote biodiversity preservation activities that are tailored to different regional specifics.

Supply chains

  • We will work with our suppliers to revitalize our efforts to address climate change, resource recycling, water risks, and biodiversity.

Formulation of Long-term Environmental Vision for 2030

  • 6 Clean Water and Sanitation
  • 7 Affordable and Clean Energ
  • 9 Industry, Innovation and Infrastructure
  • 12 Responsible Consumption and Production
  • 13 Climate Action
  • 14 Life Below Water
  • 15 Life On Land

Key Goals and Achievements

Climate Change

Targeting carbon neutrality by 2050

CO2 and Energy Reduction Goals and Achievements

NOK Group Targets Scope of coverage Unit Baseline figure /
Base year		 Target figure /
Target year		 FY 2023 results
CO2 emissions reduction Consolidated 1,000
tons-CO2		 759.49/2018 Carbon neutral/2050 658.13
(13.3% reduction)
CO2 emissions reduction Domestic group companies 1,000
tons-CO2		 258.61/2018 129.3/2030
(50% reduction)		 190.42
(26.4% reduction)
CO2 emissions intensity reduction Overseas group companies ton-CO2/
millions of yen		 1.31/2018 0.92/2030
(30% reduction)		 1.10
(16.4% reduction)
Reduction in electricity consumption
(energy saving)		 Domestic group companies GWh 455.5/2018 373.5/2030
(18% reduction)		 377.05
(17.2% reduction)
Increase in renewable energy ratio Consolidated % 0.01/2018 10/2030 12.21

CO2 emissions are the sum of fuel and electricity consumption multiplied by the conversion factor. Fuel CO2 conversion factors are calculated using emission factors based on the Law Concerning the Promotion of Measures to Cope with Global Warming. The electric power CO2 conversion factors are: domestic - emission factors by electric utility; and overseas - "CO2 Emissions from Fuel Combustion" by the International Energy Agency (IEA) (using both market-based and location-based methods). The renewable energy ratio includes CO2-free electricity, credits, and certificates.

Resource Circulation

Promoting resource efficiency, reducing waste, and targeting 100% recycling

Resource Use and Waste Management Goals and Achievements

NOK Group Targets Scope of coverage Unit Baseline figure /
Base year		 Target figure /
Target year		 FY 2023 results
Increase in by-product recycling rate Domestic group companies % 96.8/2018 100/2030 97.8
Reduction in industrial waste against average of past 5 years Domestic group companies tons 23,295/2022 23,062/2023
(1.0% reduction)		 20,583
(11.6% reduction)
  • By-product: General term for industrial waste and valuable resources.
  • Recycling rate: "Recycling rate = 1 - amount of landfill disposal / amount of by-product generated x 100"

Water Risk

Reducing water usage and ensuring clean discharge

Water Resource Goals and Achievements

NOK Group Targets Scope of coverage Unit Baseline figure /
Base year		 Target figure /
Target year		 FY 2023 results
Increase-controlled water withdrawals Consolidated 1,000m3 8,667/2022 8,667/2022 8,691
Reduction of
water withdrawals		 Electronic Products Business (domestic) 1,000m3 816/2022 702/2025
(14% reduction)		 762
(6.6% reduction)
Reduction of
water withdrawals		 Electronic Products Business (overseas) 1,000m3 4,516/2022 4,290/2025
(5% reduction)		 4,439
(1.7% reduction)