Environmental 2. Contributing to a Recycling-Based Society (Circular Economy)

Strategy

We will tap discarded and other resources effectively and recycle them. We will develop and provide circular materials, products, and technologies.

Targets and Business Plan

Our goal is to increase the sales ratio of environmentally friendly products and technologies, including products that contribute to the realization of a circular economy, to 60% by 2030. In addition, we aim to effectively utilize and reduce waste such as plastics generated by our own operations.

Significance

  • Due to population growth and economic development, concerns around resource depletion and provision will increase. Also, the reuse of limited resources is connected to stable procurement.
  • We will limit spiraling, such as with the large amount of plastics accumulating in the ocean due to linear resource flow.
  • To realize a circular economy, reforms to redirect current linear resource flows into circular patterns must be undertaken, waste and product reuse encouraged, and an economic system that produces value from recycled resources established.

Fiscal 2023 Initiatives

Receiving ISCC PLUS certifications

The ISCC PLUS certification offers international recognition of guarantees to realize sustainable supply chains. At UBE and the following Group companies, we are manufacturing and selling ISCC PLUS-certified products whose biomass and non-biological renewable content is accounted for using a mass balance method.*1

  • UBE CORPORATION EUROPE S.A.U.
  • UBE Elastomers, Inc.; our Head Office; and the Chiba factory
  • THAI SYNTHETIC RUBBERS COMPANY LIMITED Rayong Factory
  • UBE TAIWAN CO., LTD.*2
  • *1Mass balance method: A method used in the ISCC PLUS system wherein the total amount of biomass and recycled non-biological materials is compared to the total amount of nonrenewable materials utilized in a product to determine the percentage of 100% biomass and recycled non-biological materials the product contains based on the ratio comprised by the two categories of materials.
  • *2Through trader certification, it is possible to handle all products recognized under ISCC PLUS.