Pacific Industrial : Sustainability Report 2022 (For Printing) (15.4MB)

CONTENTS

Introduction

Introduction of the Pacific Industrial Group

Sustainability Report 2022 Editorial Poli

Since 2007, Pacific Industrial Group (formerly CSR Reports), has been publishing Sustainability Reports to foster and improve dialogue with our stakeholders to help build a sustainable society.

We are currently promoting sustainability management based on the sustainability-related material topics that we identified in 2020.

This Sustainability Report 2022 reports on our initiatives to address the 15 material issues identified and the progress made in implementing KPIs.

We are eager to hear your honest opinions.

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This Report

Summary

Important information

Securities Report

The Securities Report contains corporate information, business segments and business results, stock information and risk-related information. It is disclosure material that describes such information in detail in paragraph format.

Period covered in the Report

From April 1, 2021, to March 31, 2022

(includes the most recent information at the date of publication).

Boundary for the Report:

The Pacific Industrial Group

(In principle the company and its consolidated subsidiary.

If data disclosed is not the same as it, the scope of the disclosure is defined separately.

Publication date:

September 30, 2022

Publisher:

Pacific Industrial Co., Ltd.

Corporate Planning Department

Phone:+81-584-93-0110

Fax:+81-584-93-0112

Use these guidelines as a guideline:

GRI Standards ISO26000

International Integrated Reporting Framework

Final Report

Recommendations from the Task Force on Climate Related Financial Disclosures

Sustainability Accounting Standards Board

(Reference codes can be found in the relevant sections.

Outlook Notes

Forward-looking statements in this report include plans, targets, strategies, and projections based upon current information. Forward-looking statements can be affected by risks, uncertainties and other factors. Actual results could differ materially from the ones discussed in these forward-looking statements. This report contains forward-looking statements that are not guaranteed to be accurate.

Stadily Promoting Business during Times of Upheaval

As the transition towards a mobility society accelerates including CASE and electrification the environment around our Group becomes increasingly difficult and uncertain due to COVID-19, rising resource prices and restrictions on parts and materials supply, as well the situation in Ukraine.

In these circumstances, the Group has taken steps to prevent infections and promote cost reductions, created a production line to match order fluctuations and secured personnel as well as parts. We have also created the PACIFIC Environmental Challenge 2050 to address social issues like carbon neutrality and SDGs, and are currently working to reduce CO2 emissions.

We promoted the development and sale of products for electrified cars through the stamping industry. These products included ultra-high tensile steel products from the cold press method, which contribute to weight reduction and functional parts like battery cases and those made by forging presses. Also, molding products that contribute wheel caps, sound and vibration insulation, and other products. To meet the growing demand for lighter-weight products, a new plant to stamp products is being constructed adjacent to Higashi Ogaki Plant at Ogaki City (Gifu Prefecture), with an eye towards carbon neutrality.

Our Group company Schrader is our valve company. Together, we develop tire valves. Also, we are developing control valves to heat-pump-type car conditioners. This will be more common in electrified cars.

Initiatives dedicated to

Material Topics

We have identified the key issues of our Group as material topics in 2020 based upon the SDGs (Sustainable Development Goals) and we created major initiatives and KPIs last year based on them.

Our Group’s “Code of Conduct”, as well as our “Supplier Sustainability Guides”, incorporate elements from the material topics. We are working with our suppliers in Japan, overseas, and raising awareness through study sessions and the company newsletter and e-mail magazines.

We are focused on “solving customer and social problems through products” and we are working to reduce cost, weight, and impact through LCA. This is done through our product and material design, construction methods, production technologies, and product development. In recognition of our efforts, 20 awards were received from customers around the world in fiscal 2021. In recognition of our efforts to develop new products using existing technologies, we released “e-WAVES,” which is a multi-sensing log for vaccine transport, last year. This June, “CAPSULE SENSE” was launched. It monitors the condition of cows and helps solve labor shortages in cattle farmers.

Concerning the urgent issue “mitigation and adaptation to climate changes,” we endorsed the TCFD recommendations in May last year. We then worked to improve our analysis of the potential risks and opportunities climate change presents to our Group using scenario analysis techniques. Particularly, in regard to the introduction of renewable energies, we actively promote the installation of solar power generator systems at our domestic as well as overseas plants. We also work to achieve 100% renewable electricity in the Kyushu-Tohoku regions.