Creation of Economic Value through Environmental Activities

In light of developments such as the adoption of the UN Sustainable Development Goals (SDGs) and the Paris Agreement, there is a growing demand for companies to make even greater contributions towards achieving a sustainable society. Maxell Group recognizes that alongside enhancing corporate value, it must play a more significant role in environmental conservation.
 Maxell Group is committed to environmental initiatives,including efforts to help prevent global warming, in accordance with its "Environmental Conservation Action Guidelines". The environmental activities of Maxell Group are led by the president and are conducted in line with the environmental management system. We ensure compliance with regulations such as the REACH regulation and the RoHS directive and are steadily reinforcing our compliance efforts. We are also bolstering our focus on activities aimed at achieving environmental results based on the ISO14001:2015 standards.
 Moreover, in October 2021, Maxell Group announced its endorsement of the recommendations of the "Task Force on Climate-related Financial Disclosures (TCFD)", which promotes the identification and disclosure of the risks and opportunities that climate change presents to companies and financial markets, and conducted scenario analyses.
 A third-party organization assures any environment-related data we disclose and ensures its accuracy.

Establishment of the Maxell Group Environmental Vision

Since the Paris Agreement came into effect, companies have been expected to reduce their total GHG (Greenhouse Gas) emissions, irrespective of business expansion. Maxell Group has been working to reduce the environmental impact of its manufacturing activities, and has identified "Creating Economic Value through Environmental Activities" as a key management issue (Materiality) and is conducting business operations with the target of reducing CO2 emissions.
 In 2020, the Japanese government set the target of achieving carbon neutrality by 2050, thereby necessitating even greater CO2 reduction efforts.
 Maxell Group has established the Environmental Vision in July 2023 and is pursuing a variety of initiatives on the way to achieving its goal of reducing domestic CO2 emissions by 50% from the fiscal 2013 levels by fiscal 2030 to achieve a carbon-free society (Scope 1 and 2 emissions). Additionally, looking towards 2050, the group will continue with efforts such as factory energy efficiency boosting initiatives, increased use of renewable energy, and the use of non-fossil certificates. The group will also contribute to the achievement of carbon neutrality by fiscal 2050 (global Scope 1 and 2 emissions) and the realization of a sustainable society through the implementation of decarbonization technologies developed by the group. This includes "Electrolytic Reactors" used in the electrolytic reduction of CO2 developed through the production of electrodes using dispersion and coating technologies which are the Analog Core Technologies that Maxell has developed since its foundation in the course of developing and manufacturing products like magnetic tapes and lithium-ion batteries.
 To contribute to achieving a recycling-oriented society, Maxell Group has also set targets to reduce waste intensity per production as a way to promote waste-free design and manufacturing throughout the entire group. The initial focus will be on reducing loss resulting from manufacturing errors. Additionally, in response to growing concern over plastic waste related issues like ocean plastic pollution, the group has set the target of commencing chemical and material recycling of composite plastic waste generated at its facilities by fiscal 2030.

 

Participating in the NEDO Moonshot Research and Development Program "Integrated Electrochemical Systems for Scalable CO2 Conversion to Chemical Feedstocks"

Maxell has participated in the New Energy and Industrial Technology Development Organization (NEDO) Moonshot Research and Development Program "Integrated Electrochemical Systems for Scalable CO2 Conversion to Chemical Feedstocks" since April 2023 as a recommissioning contractor. The development of electrolysis reactors used in the electrolytic reduction of CO2 for this project is being carried out jointly by Maxell and Osaka University.

NEDO

These large electrolysis reactors will be developed by using our Analog Core Technologies that Maxell has cultivated since its foundation in the course of development and manufacturing of products like magnetic tapes and lithium-ion batteries, and are being readied for practical application through the production of electrodes via dispersion and coating technologies. We are promoting their development and thus contributing to the significant recycling of CO2.

Environmental Vision

Maxell aims to achieve "a carbon-free society" and "a recycling-oriented society" by pursuing innovation and contributing to the realization of a sustainable society in which everyone can live with peace of mind.
Initiatives toward achieving a carbon-free society
Targets FY2050 Achieve carbon neutrality Subject: Scope 1 and 2 emissions (global)
FY2030 Reduce CO2 emissions by 50% or more (vs FY2013) Subject: Scope 1 and 2 emissions (domestic)
Initiatives toward achieving a recycling-oriented society
(Resource saving and resource recycling of plastics, etc.)
Targets FY2030 - Achieve waste intensity per production *1 of 0.0450 (tons/million yen) or less (reduction by 19% vs FY2021)
- Commence chemical/material recycling of composite plastic waste  Subject: Global
*1 Waste intensity per production is an index for generated waste amount. Waste amount (t) / production amount (million yen)