Materiality
Climate Change

To help create a decarbonized society, the Mizuno Group is committed to reducing energy consumption and energy-derived CO₂ emissions across the entire group.
Additionally, recognizing the importance of reducing greenhouse gas (GHG) emissions throughout the entire value chain, Mizuno is also working on reducing GHG emissions from its products.
Furthermore, Mizuno will promote its reduction targets based on new goals certified by the international initiative "Science Based Targets (SBT) Initiative" in April 2024.

Mizuno currently makes various efforts with the aim of achieving its long-term environmental targets. Key examples include solar power generation at domestic factories and the installation of LED equipment at its offices in Japan and overseas. To reduce its energy consumption, Mizuno currently puts effort into strategically installing LED equipment at offices that have a higher risk of imposing environmental burden, such as its headquarters’ buildings and factories. In addition, Mizuno currently puts effort into switching its company cars from gasoline cars to hybrid and other fuel-efficient cars.

Furthermore, electric cars have also been introduced and been proving to be safe and environment friendly. Mizuno’s company cars are equipped with Telematics, which allows visualizing how cars are being driven. This has proven to be useful in not only helping drivers pay more attention to driving safely but also improving fuel economy and reducing CO₂ emissions.

Mizuno’s total domestic energy consumption in the fiscal year 2023 was 112,705 GJ. The intensity of energy consumption* was 79.7, a decrease of 5.1points year on year.

Mizuno is progressively converting lighting to LED to reduce energy consumption. Equipment used in our buildings is being upgraded to energy-efficient models as they come up for replacement. However, due to the difficulty in tracking the reduction amounts and types of energy for individual initiatives, there are currently no plans to disclose this information.

In the fiscal year 2023, the Mizuno Group set a goal for its total energy-derived CO₂ emissions of 12,240 t-CO₂ (Reduced by 4.2% compared to the previous fiscal year), but the actual result was 12,528 t-CO₂. The increase in electricity usage was influenced by the full operation of the domestic innovation center and an increase in directly operated stores. Going forward, Mizuno aims to reduce its CO₂ emissions through the introduction of energy-saving equipment and the promotion of efficient operations.
Additionally, the occurrence of CO₂ emissions from biological sources, such as the combustion of biomass, has not been identified.

* The figures are calculated based on the location-based method. Using the market-based method, the target was 10,759 t-CO₂ (Reduced by 4.2% compared to the previous fiscal year), and the actual result was 11,177 t-CO₂.

Mizuno recognizes that to achieve a decarbonized society, it is essential not only to reduce greenhouse gas emissions generated by the company itself but also to engage in initiatives across the entire value chain. Therefore, Mizuno calculates emissions across the entire value chain based on the Scope 3 standards of the GHG Protocol.

In the fiscal year 2023, Mizuno’s Scope 3 CO₂ emissions accounted for 96.67% of its total CO2 emissions. To reduce the amount of Scope 3 CO₂ emissions, Mizuno is making efforts such as collaborating with Sumitomo Warehouse, which operates Mizuno’s main warehouses, to promote the installation of LED lighting, and partially advancing a modal shift in transportation between its major warehouses in Western and Eastern Japan.

Among Scope 3, Category 1 "Purchased Goods and Services" and Category 12 "End-of-Life Treatment of Sold Products," which together account for about 80%, were recalculated in the fiscal year 2021 using an LCA-based method, revising the traditional calculation approach. To reduce emissions in Category 1, Mizuno will continue to promote the use of environmentally friendly materials such as recycled and plant-based materials, while also collaborating with supply chain partners to consider additional measures for further reductions.

Regarding reduction targets, Mizuno obtained certification from the international initiative "Science Based Targets (SBT) Initiative" in 2024. Consequently, the method of calculating greenhouse gas emissions was revised, including the calculation of Scope 2 in Japan based on the market-based method.

• Mizuno will strive to reduce GHG emissions in Scopes 1, 2, and 3 in accordance with the guidelines of the Paris Agreement and continue to strengthen these activities moving forward.
• Mizuno will promote measures aimed at energy conservation and the transition to low-carbon energy sources.
• Mizuno will promote efforts throughout the supply chain to reduce Scope 3 emissions.
• Mizuno will work towards building a circular economy, including waste reduction and promoting a circular economy.