Environmental Accounting

The Shindengen Group has introduced environmental accounting to better promote effective environmental management. It identifies and discloses environmental conservation costs and benefits quantitatively (economic benefits in monetary values and environmental impacts in physical units).
The below figures are calculated or estimated according to our own standards and the Environmental Accounting Guidelines by the Ministry of the Environment, Japan.

Environmental Conservation Costs

Unit: million yen

CategoryDescriptionFY 2016FY 2017
1. Business area costs   89 295 142 279
Breakdown Pollution prevention costs Prevention of air or water pollution costs 72 139 27 157
Global environmental conservation costs Introduction of energy-saving facility costs 15 39 113


Recycling, disposal costs Recycling or disposal of industrial waste costs 2 117 2 90
2. Upstream/downstream costs Cost of green procurement, and cost of analytical instruments 0 15 6 11
3. Administration costs Environmental education fees, certification costs, and internal audit costs 0 212 0 231
4. R&D costs Development of smart energy management system, power conditioner for solar power generation, ECU with idling function, and chargers for EV/PHEV


54 0 69
5. Social activity costs Participation in local community environmental activities 0 4 0 4
6. Environmental remediation costs Remediation of contaminated soil and groundwater 0 29 34 27
Total   89 609 273 621

Notes: Some numbers are estimates. Totals are subject to rounding differences.

Environmental Conservation Benefits

Economic benefits associated with environmental conservation activities

Item FY 2016 FY 2017
Revenue Revenues from sale of recycled products 189 255
Expense reduction Energy expense savings from energy conservation (electricity, fuel oil, etc.) 61 72
Disposal cost savings from reduced material usage or recycling 1 0
Other expense savings from environmental improvements 0 0
Total 251 327

Environmental Conservation Benefit (physical quantities)

ItemUnitFY 2016FY 2017
CO2 emissions t-CO2 73,622 81,505
Electricity consumption GWh 122 131
Fuel oil consumption kiloliter 2,213 2,364
Water consumption 1000m3 1,619 1,763
Amount of waste t 104 692
Amount of material recycled t 4,135 4,957

Notes: For domestic electricity consumption, the following CO2 emission factors are used: 0.000496t-CO2/kWh (Tokyo Electric Power Co., Inc.) and 0.000573t-CO2/kWh (Tohoku Electric Power Co., Inc.), 2004. For overseas electricity consumption, each country’s CO2 emission factor is determined using in the Greenhouse Gas Protocol Initiative guidelines.

Energy-Saving Impacts of Products

The reductions in electricity consumption and fuel consumption by major energy-saving products of Shindengen Group developed and produced in FY2016 are shown in the table below, as well as the equivalent reduction of CO2 emissions.

ItemReduction of electricity consumptionReduction of CO2 emissions
IC series 75 million kWh 36 thousand t-CO2

Notes: Reduction of electricity consumption = (annual power consumption of old series – that of new series) x annual sales volume.

ItemReduction of fuel (gasoline) consumptionReduction of CO2 emissions
DC-DC converter for hybrid vehicles 52,265 kℓ 122 thousand t-CO2

Notes: Reduction of fuel consumption = (annual consumption of gasoline vehicle – that of hybrid vehicle) x production volume.

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