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 Cost

Unit: million

CategoryDescriptionFY 2018FY 2019
InvestmentCostInvestmentCost
1. Business area cost   235 275 129 426
Breakdown Pollution prevention cost Prevention of air or water pollution costs 30 131 2 174

Global environmental
conservation cost

Introduction of energy-saving facility costs 201 30 122

101

Recycling, disposal costs Recycling or disposal of industrial waste costs 4 114 5 151
2. Upstream/downstream cost Cost of green procurement, and cost of analytical instruments 1 83 0 7
3. Administration cost Environmental education fees, certification costs, and internal audit costs 0 291 0 298
4. R&D cost Development of smart energy management system, power conditioner for solar power generation, ECU with idling function, and chargers for EV/PHEV

0

130 0 193
5. Social activity costs Participation in local community environmental activities 0 4 0

1

6. Environmental remediation costs Remediation of contaminated soil and groundwater 34 68 0 56
Total   271 851 129 981

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

Environmental Conservation Benefit

Economic benefit associated with environmental conservation activities

Unit: \million

Item FY 2018 FY 2019
Revenue Revenues from sale of recycled products 223 312
Expense reduction Energy expense savings from energy conservation (electricity, fuel oil, etc.) 28 50
Disposal cost savings from reduced material usage or recycling 0 5
Other expense savings from environmental improvements 2

0

Total 253 367

Environmental Conservation Benefit (physical quantities)

ItemUnitFY 2018FY 2019
CO2 emissions t-CO2 78,897 80,634
Electricity consumption GWh 141 139
Fuel oil consumption kℓ 1,819 1,604
Water consumption 1000m3 1,869 1,721
Amount of waste t 832 520
Amount of material recycled t 4,599 5,027

*CO2 emission factors of Japanese electric power:We use the emission factors of electric power company published by the Ministry of the Environment and the Ministry of Economy, Trade and Industry.

*CO2 emission factors of overseas electric power:We use emission factors of each country announced by the GHG Protocol (Greenhouse Gas Protocol Initiative).

 

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