CSR Activity Report (CSR Guideline Activity Reports) - Safety, Accident Prevention, and Environmental Preservation

Environmental Accounting

Fiscal 2023 Environmental Accounting Report (Toray Industries, Inc.)

Toray Industries, Inc. has been practicing environmental accounting since 1999, to track investments and gauge their cost effectiveness.
In fiscal 2023, the Company's environment-related investment amounted to 1.8 billion yen, up 0.31 billion yen compared to the previous year, reflecting an increase in investments in energy-saving initiatives. Cost totaled 9.7 billion yen, up 0.44 billion yen compared to the previous year, due to soaring fuel prices and other factors.

Fiscal 2023 Environmental Accounting Report (Toray Industries, Inc.)

Expenses
Item Subcategory and description Investment
(million yen)		 Cost
(million yen)
Business area costs Pollution prevention costs Air (including CFC countermeasures) 108 4,283
Water quality 561 2,485
Noise and vibration 17 13
Greening 0 238
Odors and other 103 228
Global environment conservation costs Energy conservation and combating global warming 349 63
Resource recycling costs Industrial waste reduction, recycling, disposal, and PCB waste disposal services 170 1,138
Upstream and downstream costs Product recycling 494 326
Container and package recycling 0 0
Management activity costs Indirect labor costs, ISO certification and maintenance, environmental communications, and education 0 612
Social initiative costs Regional initiatives, support for organizations, etc. 0 156
Environmental remediation costs SOx fines, soil purification, etc. 0 154
Total 1,801 9,697
Effectiveness
Item Amount
(million yen)
Financial effects Reduction in energy costs 63
Reduction in industrial waste disposal costs 44
Sale of valuable recycled resources with monetary value 744
Quantitative environmental effects Reduction of greenhouse gas emissions 2,200 tons-CO2eq
Environmental Facility Investment and Environmental Conservation Costs (Toray Industries, Inc.)
Environmental Facility Investment and Environmental Conservation Costs (Toray Industries, Inc.)

Facility Investment in Safety, Health, Accident Prevention, and Environmental Preservation Projects (Toray Group)

Toray Group reports on facility investments relating to safety, health, accident prevention, and environmental preservation projects. The Group continues to invest in safety improvements to facilities. As part of its environmental conservation efforts, the Group has invested in the expansion of exhaust gas emissions and wastewater treatment facilities and additional instrumentation to enhance wastewater management.

Fiscal 2023 Facility Investment in Safety, Health, Accident Prevention, Environmental Preservation, and Energy Conservation Projects (Toray Group)
Fiscal 2023 Facility Investment in Safety, Health, Accident Prevention, Environmental Preservation, and Energy Conservation Projects (Toray Group)

Toray Industries Environmental Accounting Standards

  • Some categories were changed based on the Ministry of the Environment's Guidelines for FY 2005.
  • Only economic effects that can be determined with a high degree of certainty are included in the calculation. Presumed effects are not included.
  • Capital investment also includes facility investments for which environmental preservation is not the main objective. Capital investment resulting from leases is also included. Expenses include labor costs and depreciation. However, internal labor costs related to local volunteer activities are not included.
  • Energy cost reduction figures show the amount of reduction for the 12 months after the completion of an energy saving facility. Expenses are not recorded as they are deducted when the effect is calculated.
  • Waste disposal cost reduction figures show the amount of reduction achieved through waste reduction efforts and resource recycling for 12 months after the measures are undertaken.
  • Effects of reducing greenhouse gas emissions are measured over a 12-month period following the completion of measures or facilities to save energy.