Sustainability

Basic Sustainability Policy

Under the Group philosophy “Leverage the power of people to deliver the earth’s resources in more useful forms and contribute to the happiness of humankind,” our stated long-term vision is to be “a comprehensive materials company that co-creates a sustainable, recycling-oriented society,” and the Group has positioned securing a management platform able to adapt to changes in the business environment, contributing to the SDGs, and achieving carbon neutrality as material issues for the Group. We are working to grow into a sustainable company and heighten corporate value, while devoting all our efforts to realize a sustainable society and environment.

Material Issues (Materiality)
Smooth shift from ferronickel business to new businesses
  1. * For the nickel business, Pacific Metals aims to achieve a significant improvement in its business profit and loss by expanding applications from stainless steel raw materials to matte raw materials, and a transition to this new focus is under consideration
Securing of stable earnings in polymetallic nodule business
  1. * Pacific Metals aims to establish a competitive polymetallic nodule business by utilizing existing infrastructures and smelting facilities, along with the environmentally friendly technology and know-how we have cultivated over many years in the metal smelting business.
Promotion of berylium business and development of LIB-related business
  1. * Entered into capital and business alliance with MiRESSO; the agreement involves the utilization of Pacific Metals’ resources and initial equity participation
  2. * Enter the beryllium alloy market business, and aim to enter the nuclear fusion market business and participate as a business in the future
  3. * Utilizing hydrometallurgical refining technology, Pacific Metals will develop a manufacturing and sales business for raw materials for LIB.
Promotion of retail electricity business with focus on local production for local consumption
  1. * Establish a retail electricity business for the high-voltage and extra-high-voltage sectors as a retail electricity business operator and aim to enter the electricity market
  2. * Collaborate with local power generation businesses to supply high-value-added, locally sourced renewable energy power generation
Building of frameworks for use of renewable energy
  1. * Collaborate with local power generation businesses to supply high-value-added, locally sourced renewable energy power generation
Expansion of businesses that support social infrastructure
  1. * Aiming to build a business portfolio that supports social infrastructure, including production of beryllium for nuclear fusion power generation, production of metals for lithium-ion batteries, electricity supply using renewable energy, and production of steelmaking materials using recycled materials to contribute to the low-carbonization of steel.
Fostering of new corporate culture
  1. * Organize material issues based on the new business portfolio, the SDGs, ESG, stakeholder opinions, and social issues
  2. * Activities related to high priority material issues, including internal framework reviews, will be strengthened to enhance corporate value and to contribute to the realization of a sustainable society

Various Initiatives

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