Sustainability Index
Promoting Steady Business Portfolio Transformation
The DIC Sustainability Index is a tool designed to make the Group’s product mix more resilient. From the perspective of building a sustainable society, DIC will clarify the sustainability of its inks, pigments and other products by quantifying social contribution (horizontal axis) and environmental impact (vertical axis). Mapping all DIC Group products on the index will make it possible to formulate appropriate measures for the transformation of its business portfolio and at a certain stage elucidate the results thereof. The index will further underpin the Group’s efforts to help realize a sustainable society by ensuring it meets the DIC Vision 2030 target of increasing sustainable products as a percentage of net sales to 60%, thereby ensuring its resilience to various changes in the external environment.
Comprehensive Efforts to Address the Critical Issue of Climate Change
While a broad range of products have enhanced the convenience and affluence of modern lives, it is also true that the production thereof negatively impacts the global environment. A particularly pressing concern is climate change. It has become increasingly obvious that the earth will not be sustainable unless decisive steps are taken to achieve ambitious targets. In the DIC Group’s case, these are a 50% reduction of Scope 1 and 2 CO₂ emissions from the fiscal year 2013 level by fiscal year 2030 and the achievement of carbon neutrality—net zero CO₂ emissions—by fiscal year 2050.
The DIC Sustainability Index expresses greenhouse gases generated in the manufacturing process as emissions per unit of production, measured as emissions of CO₂ per tonne in kilograms. By taking into account various issues, including regional differences, and relocating and consolidating its production facilities, the DIC Group set ambitious reduction targets and will promote comprehensive efforts to ensure achievement thereof.
Focus on Products that Demonstrate Unique Competitive Strengths
How much does a product contribute to society? The horizontal axis of the DIC Sustainability Index makes it possible to judge a product’s contribution to society by determining whether it is a distinctively DIC offering or demonstrates the Group’s competitive strengths. The DIC Group believes that all of the products it provides around the world contribute to society in some way. In some instances, however, the availability of other similar products inevitably limits the value—including the degree of social contribution and the stability and sustainability of supplies—delivered by a Group’s offering. As a manufacturer of fine chemicals, the Group believes that it can contribute to a more sustainable society by focusing on products that demonstrate its unique competitive strengths and by further enhancing such strengths, and has thus set related targets under DIC Vision 2030. Going forward, the Group will continue working to provide distinctively DIC products that are both sustainable and contribute to the realization of a sustainable society.
