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Sustainability

Realizing a Decarbonized Society

We have set "Achieving a Decarbonized and Circular Society" as one of the priority materiality issues to address, and we are committed to reducing GHG emissions in our business operations. Additionally, we are working towards realizing a low-carbon and circular society by utilizing our business expertise and creating new business opportunities.

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
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
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
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
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
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

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.

Initiatives for the Realization of a Decarbonized and Circular Society

Businesses for the realization of a decarbonized and circular society

We aim to contribute to the realization of a decarbonized and circular society, not only through auto loans but also through the supply of electric vehicles (EVs). We will also introduce a combined loan for EVs and V2H (Vehicle-to-Home) , enabling mutual complementation between EVs and green power supply to homes. We will also enhance our services so customers can lead lifestyles with low environmental impact. We will contribute to realizing a decarbonized and circular society with our co-creation partners, such as car dealers and housing manufacturers. In addition, as a leading company in the auto loans sector, we aim to realize a decarbonized and circular society through the use of digital technology by participating in the Mobility Open Blockchain Initiative (MOBI)*.

Promotion of renewable energy

The use of limited energy resources to the extent that they can be renewed for the future is a global issue. In Japan, introducing renewable energy is one of the policies as a means other than energy conservation. We are introducing new schemes and products for environmental products, such as eco solar loans and storage batteries.

Expanding EV handling and promoting environmental products

We are contributing to the realization of a decarbonized and circular society by promoting the handling of environmental products such as EVs in Japan and overseas.

  1. Supporting the spread of V2H through collaboration with local dealers
  2. Promoting the spread of EVs in local areas by making full use of the vehicle procurement network in the auto leasing business

  3. Contributing to the development of the EV market in Southeast Asia

    • Researching trends in the Southeast Asian market
    • Strengthening approaches to EV manufacturers and new car dealers

Becoming a player in establishing a healthy used car and EV market in Southeast Asia

We are actively expanding into the rapidly growing Southeast Asian market. Leveraging our experience and expertise as a player in the auto loan industry in Japan, we aim to establish a certified used car scheme that guarantees safety and integrity in Southeast Asia, contributing to the establishment of a circular economy. Moreover, we support the efforts of Southeast Asian countries towards developing an EV market, offering the abundant knowledge in auto loan and network that we have cultivated through our domestic operations.

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.

LOVE THE EARTH
LOVE THE EARTH
MOTTAINAIカード
MOTTAINAI Card
日本野鳥の会カード
Wild Bird Society of Japan Card

Web Statements (Mail Service Suspension)

Web明細

Switching to web statements (mail service suspension) and stopping using paper statements (reducing CO2 emissions by approximately 500g per statement) helps protect the environment.

Financing with consideration for the realization of a decarbonized and circular society 

We aim to realize a sustainable society by issuing green bonds (unsecured straight bonds) through a domestic public offering, promoting the diversification of fund raising methods, and promoting initiatives to address climate change issues, including the spread of renewable energy.

Green Bond Issuance Results

Date of Issuance Series number Issued Amount Loans Covered
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
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
  • A-: Japan Credit Rating Agency, Ltd. (JCR)
  • BBB+: Rating and Investment Information, Inc.(R&I)
  • Green1: Japan Credit Rating Agency, Ltd. (JCR)
Reporting
  1. Status of Appropriation of Funds Raised
    The funds raised through this green bond have been fully appropriated to refinance the funds raised for solar home renovation loans (funds for redeeming commercial paper).
  2. Environmental Improvement Effects
    The total carbon dioxide emissions reduced by the eligible green projects this green bond covers is 5,402 tons, and the total annual electricity generated is 10,712 MWh. (Theoretical value based on output standards at the time of issuance in 2019)
Investors who have announced their investment (in no particular order)
  1. THE KAGAWA BANK,Ltd.
  2. JAPAN POST INSURANCE Co., Ltd.
  3. Sanjo Credit Associations
  4. Sugamo Shinkin Bank
  5. Tokio Marine Asset Management Co., Ltd.
  6. Nagasaki Medical Association Credit Associations
  7. Boso Credit Associations
  8. Hokkaido Labour Bank
  9. Sumitomo Mitsui Trust Asset Management
  10. Manulife General Account Investments (Singapore) Pte. Ltd. (Manulife Group)
The 31st Unsecured Corporate Bond
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
  • A-: Japan Credit Rating Agency, Ltd. (JCR)
  • A-: Rating and Investment Information, Inc.(R&I)
  • Green1: Japan Credit Rating Agency, Ltd. (JCR)
Reporting
  1. The funds raised through this green bond have been used in full to refinance (repay commercial paper) the funds raised for loans for electric vehicles (EVs). (As of January 31, 2022)
  2. Environmental Improvement Effects
    The total annual CO2 emissions reduced by the eligible green projects covered by this green bond is 335.62 tons. (Based on the Greenhouse Gas Emissions Accounting and Reporting Manual of the Ministry of the Environment at the time of issuance in January 2022)
Investors who have announced their investment (in no particular order)
  1. Asset Management One Co., Ltd.
  2. Tokio Marine Asset Management Co., Ltd.
  3. Sumitomo Mitsui Trust Asset Management

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.

Sustainability