Sustainability
Reducing the Environmental Impact of Our Group’s Operations
Against the backdrop of the growing sense of crisis regarding the impact of climate change and the conservation of natural capital, calls for environment-related responses from companies are increasing rapidly. Our Group recognizes that it is an important social responsibility for us, as well, to contribute to the realization of a sustainable economy and promote the reduction of the environmental impact of our operations. Accordingly, we are reducing the environmental impact of our business operations and established a plan to achieve net-zero emissions in 2050.
Reducing the Environmental Impact of Our Group’s Operations
Our Group has formulated the following transition plan to realize sustainable business operations, and we are enhancing our environment-related initiatives.
Improve Business Operations: Reduce Greenhouse Gas Emissions and Energy Consumption
We are reducing our environmental impact through reviews such as reducing the total number of company-owned vehicles, switching to eco-friendly vehicles, introducing renewable energy, reducing electricity and other energy consumption, and promoting paperless offices.
Objectives (FY2025–FY2029)
Promote a 100% switchover to eco-friendly vehicles (EVs, FCVs, HVs, and fuel-efficient vehicles) for company-owned vehicles: Set a target of 90%
Reduce amount of copy paper purchased by 15% compared to FY2024 levels
Achieve 100% introduction of renewable energy plans at our company-owned buildings
Publications: 100% use of FSC-certified or PEFC or other environmentally friendly paper.
100% penetration rate of eco-consciousness when procuring and purchasing office supplies such as stationery and furniture
Please see our transition plan for more details.
Social Contribution Card
We issue social contribution cards that allow cardholders to support environmental conservation activities. The Social Contribution Card is a system that donates a portion of the amount spent to partner organizations without burdening on the cardholders. By encouraging customers to use the card, we aim to help solve social issues, including environmental problems, and to realize a sustainable society.
Financing with consideration for the realization of a circular society and decarbonization
We are diversifying our fund procurement methods by issuing Green Bonds (unsecured straight bonds) in the form of domestic public offerings.
Green Bond Issuance Results
Date of Issuance | Series number | Issued Amount | Loans Covered |
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12-Apr-19 | The 21st Unsecured Corporate Bond (Green bonds with inter-bond pari passu clause) |
5 billion yen | Solar power renovation |
20-Jan-22 | The 31st Unsecured Corporate Bond (Green bonds with inter-bond pari passu clause) |
5 billion yen | Electric vehicle (EV) |
Overview of Green Bonds
The 21st Unsecured Corporate Bond | |
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Date of Issuance | 12-Apr-19 |
Issue term | 5 years |
Issue amount | 5 billion yen |
Interest rate | 0.50% |
Use of Funds | Refinancing funds raised to cover the cost of installing energy-saving equipment such as solar power generation systems, storage batteries, and eco-cute hot water systems (“solar home renovation loans”) |
Acquired Rating |
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Reporting |
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Investors who have announced their investment (in no particular order) |
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The 31st Unsecured Corporate Bond | |
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Date of Issuance | 20-Jan-22 |
Issue term | 3 years |
Issue amount | 5 billion yen |
Interest rate | 0.09% |
Use of Funds | Refinancing of funds raised for auto loans for electric vehicles (EVs) |
Acquired Rating |
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Reporting |
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Investors who have announced their investment (in no particular order) |
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Third-party evaluation of eligibility (common to all issues)
JCR Green Finance Framework Evaluation
As a third-party evaluation, Japan Credit Rating Agency, Ltd. (JCR) has awarded the highest rating of “Green 1” for the eligibility of this Green Bond
Green Bonds Issuance Promotion System Establishment Support Business of the Ministry of the Environment
The acquisition of a third-party evaluation for this Green Bond is eligible for a subsidy under the Green Bonds Issuance Promotion System Establishment Support Business of the Ministry of the Environment.
Reducing Electricity Consumption and CO2 Emissions
To reduce electricity consumption and CO2 emissions, we are working within the company to do what we can in our immediate surroundings. As a specified business operator under the Energy Conservation Act, we are working to reduce electricity consumption by 1% or more per year. In addition, as a site subject to the Saitama Prefectural Ordinance on the Promotion of Measures to Cope with Global Warming and Targeted Emissions Transaction System, we are actively working to reduce energy consumption and CO2 emissions.
We are promoting company-wide energy conservation through casual biz, reducing the air conditioning load by applying light-shielding film to the windows of the head office building, reducing the use of ceiling lights and turning off lights, switching to LED lighting in our own buildings, and setting office equipment to energy-saving mode.
In addition to promoting the use of eco-cars in company vehicles, efforts are being made to reduce CO2 emissions by reducing the total number of company vehicles, reducing the amount of petrol used, and reducing mileage by promoting online sales.
Environmental Data
Performance Data
Environmental Accounting
To reduce the environmental impact of our business activities, we have introduced environmental accounting based on the "Environmental Accounting Guidelines 2005" issued by the Ministry of the Environment, which will allow us to quantitatively understand the costs and effects of our environmental conservation activities.
- ■Reporting Period:
- FY 2022 (April 1, 2022, to March 31, 2023)
FY 2023 (April 1, 2023, to March 31, 2024)
- ■Scope of Reporting:
- Orient Corporation (standalone)
Environmental protection costs (in thousands of yen)
Classifications | Main initiatives | 2022 | 2023 | Year-on-year increase or decrease | |||
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Investments | Costs | Investments | Costs | Investments | Costs | ||
Costs within the areas of the business operations | Replacement with energy-saving equipments and computers, as well as waste disposals | 270,537 | 190,618 | 202,227 | 147,296 | ▲68,310 | ▲43,322 |
Upstream and downstream costs | Costs incurred for environmental friendly purchases | 0 | 5,066 | 0 | 4,813 | 0 | ▲253 |
Administrative activity costs | Disclosure of environmental information | 0 | 38,750 | 0 | 59,750 | 0 | 21,000 |
Social activity costs | Environment-related donations | 0 | 18,260 | 0 | 18,817 | 0 | 557 |
Total | 270,537 | 252,694 | 202,227 | 230,677 | ▲68,310 | ▲22,017 |
Environmental protection effects
Classifications | Measurement Items | Unit | 2022 | 2023 | Environmental protection effects |
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Resources input into business activities | City Gas | Thousand m³ | 545 | 553 | 8 |
Petroleum gas | t | 1 | 0 | ▲1 | |
Kerosene | Kl | 2 | 1 | ▲1 | |
Electric power | Thousand kWh | 20,382 | 19,407 | ▲975 | |
Steam | GJ | 359 | 331 | ▲28 | |
Hot water | GJ | 339 | 239 | ▲100 | |
Cold water | GJ | 595 | 623 | 28 | |
Others | GJ | 72 | 71 | ▲1 | |
Total energy input | Calorific value GJ | 226,082 | 194,134 | ▲31,948 | |
Environmental impact and waste emitted from business activities | Greenhouse gas emissions | t-CO2 | 10,764 | 8,954 | ▲1,810 |
Environmental Data
Energy consumption based on the Energy Conservation Act
2019 | 2020 | 2021 | 2022 | 2023 | Average change in basic unit over 5 fiscal years |
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Energy consumption (kl) | 6,905 | 6,709 | 6,489 | 5,833 | 5,590 | 6,305 |
Basic unit for energy use Year on year (%) |
97.4 | 100.1 | 98.6 | 91.6 | 96.1 | 96.8 |
Reduction rate (%) | ▲3 | 0 | ▲1 | ▲8 | ▲4 | ▲3 |
Scope of data collection: Kojimachi Head Office, Head Office Annex, Tsurugashima Building, and others (including tenants)
Saitama Prefecture Ordinance on Promotion of Global Warming Countermeasures (Targeted Emissions Trading System: 3rd Plan Period/FY2020-FY2024)
①Obligations imposed on our company
Reduce CO2 emissions by 22% from the base emissions (reduction of CO2 emissions at target sites during the reduction plan period)
Target site | Reduction Plan Period | Base emissions (unit year) | Reduction rate | Single-year emission potential |
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Head Office Annex Building | FY2020 - FY2024 | 6,286t | ▲22% | 4,903t (6,286t×▲22%) |
②Performance against reduction obligations
2020 | 2021 | 2022 | 2023 | 2024 | Total for 3rd plan period | |
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Base emissions (t) | 6,286 | 6,286 | 6,286 | 6,286 | 25,144 | |
Emissions for the year (t) | 4,980 | 4,963 | 4,277 | 3,986 | 18,206 | |
Reduction (t) | 1,306 | 1,323 | 2,009 | 2,300 | 6,938 | |
Reduction rate (%) | ▲21 | ▲21 | ▲32 | ▲37 | ▲28 |
Conservation of Natural Capital and Ecosystems, among others
In addition to climate change-related matters, our Group recognizes that it also has dependencies and relationships which have an impact on the environment that concern natural capital, ecosystems, forests, water, and more. We are continually striving to ensure coexistence and co-prosperity with the natural capital and ecosystems which are the foundation for the survival of all stakeholders, including customers, business partners, and our Group’s executives and employees.
The Orico Forest Project
We work to reduce greenhouse gas emissions and energy consumption by regenerating forests through maintenance activities—including planting, vegetation clearing, and thinning—in forests owned by Chichibu City, Saitama Prefecture.
Through this project, we aim to contribute to environmental conservation in Saitama Prefecture over the long term, and to foster environmental awareness among our employees.
Sustainability
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President’s Message
- President’s Message
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Value Creation Story
- Value Creation Story
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Sustainability Promotion Structures, Materiality, KPI
- Sustainability Promotion Structures, Materiality, KPI
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Sustainability-Oriented Procurement Policy
- Sustainability-Oriented Procurement Policy
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ESG Information
- ESG Information
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Social contribution activities
- Social contribution activities
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ESG Data
- ESG Data
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External Recognition
- External Recognition
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Participation in Initiatives
- Participation in Initiatives
