SUSTAINABILITY / ESG

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Sustainability Report

GPSS issued its first Sustainability Report in 2020 as a means for disclosing information to our stakeholders and promoting a greater understanding of how GPSS values sustainability. This report is a focused summary of environmental , social , governance, and other non-financial information in PDF format (Japanese and English).
Click to Learn more

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02

ESG Policy / MISSION

Working together with local communities, we aim to create a bright future in the energy sector by bringing together local resources with our knowledge and expertise.

In order to accomplish this mission, we believe that it is necessary to address the individual issues related to environment, society, and governance. Therefore, we have established a sustainability policy and created ambitions and targets, which can be found below.

ENVIRONMENT

CO2 and Climate Change Impact

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AMBITIONS

Contribute to the mitigation of climate change and decarbonization in the entire society by disseminating sustainable energy generation.

TARGETS

More than double the yearly CO2 avoided by 2021 (compared to 2019, 22,000t-CO2).

IMPACT ON SDGs GOALS and TARGETS

13.1 : Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

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Impact on Natural Resources and Biodiversity

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AMBITIONS

Reduce the impact on biodiversity and natural resources by managing CO2 emissions and energy use incurred by installing sustainable energy in local communities.

TARGETS

Conduct biodiversity assessments in all relevant projects to manage the impact on biodiversity.

IMPACT ON SDGs GOALS and TARGETS

12.5 : By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse
15.5 : Take urgent and significant action to reduce the degradation of natural habitats,halt the loss of biodiversity and, by 2020, protect and prevent the extinction of threatened species

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Effective Use of Energy and Resources

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AMBITIONS

Promote effective use of energies such as fuel and materials consumed in developing and management of electric generation plant. Recycle generated waste as much as possible to reduce generation of waste.

TARGETS

Monitor yearly the use of fuel and materials for 100% traceability of recycling and waste materials.

IMPACT ON SDGs GOALS and TARGETS

7.3 : By 2030, double the global rate of improvement in energy efficiency
12.2 : By 2030, achieve the sustainable management and efficient use of natural resources

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SOCIETY

Community Development Impact

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AMBITIONS

Achieve a sustainable and resilient society that answers to the needs of the local community through providing our high-quality services on sustainable energy.

TARGETS

Promote the use of sustainable energy by powering more than 13,000 households yearly by 2021.
Contribute to the development of the local area surrounding our powerplants.

IMPACT ON SDGs GOALS and TARGETS

9.1 : Develop quality, reliable, sustainable and resilient infrastructure, including regional and trans-border infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all
11.A : Support positive economic, social and environmental links between urban, peri-urban and rural areas by strengthening national and regional development planning

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Health and Safety of Our Stakeholders

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AMBITIONS

Ensure the protection of the health and safety of all stakeholders including employees and subcontracting employees involved in our business and residents where our services are provided.

TARGETS

Maintain and ensure zero fatalities and accidents through regular safety trainings.

IMPACT ON SDGs GOALS and TARGETS

11.5 : By 2030, significantly reduce the number of deaths and the number of people affected

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Employee Engagement

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AMBITIONS

Create and sustain a workplace culture where employees with diverse backgrounds feel empowered, included, valued and respected.

TARGETS

Maintain Employee Satisfaction Survey (ESS) to 80% response rate for further organizational improvements.
Increase the number of management positions held by women to 11% by 2025 (7% in 2020).

IMPACT ON SDGs GOALS and TARGETS

5.5 : Ensure women’s full and effective participation andequal opportunities for leadership at all levels of decision making in political, economic and public life
8.5 : By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
10.2 : By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status

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Responsible Procurement

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AMBITIONS

Ensure compliance with our sustainability clause for suppliers; Determine the baseline of responsible procurement risk outside the supply chain management and capture the information in our system.

TARGETS

Update all international partnership contracts with a responsible procurement clause by 2025 and perform ESG assessment to all suppliers.

IMPACT ON SDGs GOALS and TARGETS

12.6 : Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle

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GOVERNANCE

Responsible Infrastructure Operator

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AMBITIONS

Provide stable electric power, minimize the risk of services and operation to strengthen the resilience of the organization included in the Sustainability Policy.

TARGETS

Deliver 100% of our planned projects by producing 100,000MWh in 2021 (more than double the production compared to 2019).

IMPACT ON SDGs GOALS and TARGETS

9.1 : Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all
9.4 : By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities

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Compliance

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AMBITIONS

Enhance the transparency of our operation and disclose information regarding our sustainability initiatives.

TARGETS

Ensure accountability by reporting to stakeholders through an annual sustainability report.

IMPACT ON SDGs GOALS and TARGETS

16.6 : Develop effective, accountable and transparent institutions at all levels
16.7 : Ensure responsive, inclusive, participatory and representative decision-making at all levels

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Corruption Prevention

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AMBITIONS

Conduct all of our business in an ethical manner and in compliance with laws and our anti-corruption policy.

TARGETS

Maintain zero fraud, bribery, and corruption yearly.
Maintain a yearly dialogue with stakeholders to ensure the following of our anti-corruption policy.

IMPACT ON SDGs GOALS and TARGETS

16.5 : Substantially reduce corruption and bribery in all their forms

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03

Certification

GRESB 5-Star Certification

Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. We work in collaboration with the industry to provide standardized and validated ESG data to the capital markets. The 2020 real estate benchmark covers more than 1,200 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes 540 infrastructure funds and assets. Combined, GRESB represents over USD 5.3 trillion in real asset value. More than 100 institutional investors, with over USD 22 trillion AUM, use GRESB data to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry. Learn more at GRESB.com GRESB Website

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Highest “Green 1 (F)” Rating Awarded to GPSS

GPSS Holdings Co., Ltd. has been awarded the highest rank of “Green1 (F)” by the Japan Credit Rating Agency, Ltd. (JCR), for establishing the first Green Finance Framework. Specifically based on the JCR Green Finance Evaluation Method, GPSS Holdings’ “Greenness Evaluation (Use of Funds)” is set to “g1 (F)” and its “Management / Operation / Transparency Evaluation” is set to “m1 (F)”.
As a result, the highest rating was awarded via a comprehensive evaluation.
This framework is a policy that describes the philosophy and procedures of GPSS Holdings’ Green Finance (issuing green bonds and borrowing green loans based on this framework). Specifically, GPSS Holdings will raise funds through Green Finance, which is stipulated for use in projects that have a positive effect/ improvement on the environment.

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04

Sustainability and Integration Framework

Executive Board of Director

Sustainability Commitee

– primary Govermance body on Sustainability
– Ensure oversight & discussion of dilemmas
– Chaired by the CEO

Brand Management Team(PR)

– Own the brand sustainability integration plans and oversee progress in GPSS HD,JHD,GDI, and JBM
– Engaged through biannual progress up-dates review/reporting

Compliance Committee

– own commit rules on health & safety and environment, anti-corruption, global labour, responsible procurement and reporting, ensure compliance across GPSS
– Drive progress within programs
– Conduct periodic reviews of targets and progress

Sustainability Promotion Office

– Ensure that Governance mechanisms are leveraged

annual reviews

and updates for the Sustainability Committe and Brand Management team (PR)
– Review target setting and progress together with committed rule owners to deliver outcomes

 

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Memberships

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GPSS is a premium sponsor of the Japan Sustainable Investment Forum (JSIF). JSIF is actively promoting and developing sustainable investments (SRI and ESG investments, etc.) that are actively carried out in Europe and the United States.JSIF Website

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GPSS joined Long Term Infrastructure Investors Association (LTIIA). Their vision is to facilitate and promote private investment in infrastructure which enables long-term, sustainable development of communities, countries and regions.LTIIA Website

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The Nikkei ESG Management Forum is a membership organization whose three pillars are: ESG-related “Disclosure,” “Data Gathering,” and “Data Analysis.”
In “Disclosure”, interviews and updates on corporate activity are posted in the monthly magazine “Nikkei ESG“. In “Data Gathering”, information that cannot be obtained from other sources is provided through member-only study groups and web seminars held 30 times per year. In the ‘Data Analysis’, an ‘ESG-brand survey’, targeting about 20,000 people, is conducted and published. Support is provided to ESG management by strengthening cooperation with Nihon Keizai Shimbun and the Financial Times in the UK.Nikkei ESG Website

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The ” Foundation Guardian Forest Project Public Interest, Inc.” is modeled after the “Guardian Forest” that saved people’s lives during the Great Eastern (Kanto) Japan Earthquake, and the Great Hanshin Earthquake, and prepared a regional green infrastructure to coexist with nature. We are engaged in forest-building activities to protect the community and livelihoods from disasters. For more information, please visit the Guardian Forest Project website.Guardian Forest Project website