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Environmental Management Policy

PI Advanced Materials connects people, society, and the world by realizing the potential of Polyimide
through creative innovation technology.

Climate change Risk Management

PI Advanced Materials is preemptively identifying risk factors caused by climate change and preparing response strategies by referring to the recommendations of TCFD (Task force on Climate-related Financial Disclosures). Risks are classified as 'transition risks' due to changes in laws, technology, markets, and reputation, as well as policies arising from the industrial transition process, such as a low-carbon economy, and 'physical risks' due to the physical effects of climate change. PI Advanced Materials plans to establish a sustainable management system by analyzing the financial impact and response direction of each risk and systematically manage the impact.

Risk Management Process

The ESG team at PI Advanced Materials assesses the risks of climate change at least once a year. Risks are assessed using criteria such as time of occurrence (short-term, medium-term, and long-term), risk, and opportunity size (financial impact, urgency of response, and future management impact). Following that, we establish a course of action to respond to risks in consultation with the working team, explore opportunity factors, and derive new strategies.

Climate change
Identify risks
  • Continuous monitoring of the impact of climate change in each field
  • Identify risks to industry and operations, including laws and policy trends, and stakeholders’ opinions
Determination of
risks and opportunities
  • Identifying the expected timing of risk impact (short-term, medium-term, long-term) and financial impact
  • Assessment of identified risks and opportunities
Present countermeasures
  • Obtain feedback from
    working teams on identified risks
  • Prepare a response strategy
    to risks based on ESG strategy
Risk Management and
Opportunity Seizing
  • Risk management in accordance with the response plan
    Assessment of progress
  • Establishment of future tasks

Response Strategies for Risks related to climate change

PI Advanced Materials has identified predictable risks and financial impacts related to climate change in future business activities. While taking preemptive responses to identified risks, we will also strive to seize new opportunities. Furthermore, we will continue to strive for PI Advanced Materials' sustainable growth through risk management that takes climate change into account.

Division Expected Risk Potential Financial Impact PI Advanced Materials’ Response Direction Duration
Typhoon, flood, etc.
Natural disasters
Damage to business sites and infrastructure
due to natural disasters such as flooding due to typhoons, rainy seasons, etc.
Economic and physical losses result from production delays
caused by workplace damage
Establishment of emergency response system and facility management
Conduct regular safety inspections and training
Abnormal weather and
increase in average temperature
Increased power consumption at workplaces
as the average temperature rises
Increase in production costs due to increased power usage Strengthening monitoring systems for energy management Mid to long term
Policies and regulations Implementation of greenhouse gas reduction policies globally, such as carbon border tax (CBAM)
and greenhouse gas emissions trading system
Increased investment and business costs in greenhouse gas reduction technologies Establishment of greenhouse gas emissions management and reduction strategy Mid to long term
Increasing demand for improved energy efficiency
and use of green energy
Conversion costs incurred due to
expanded use of low-carbon energy sources
Installation of electric vehicle charging stations, review of new and
renewable energy power generation facilities to improve energy efficiency
Mid to long term
Strengthening environmental regulations Fines and sanctions are imposed when illegal acts are detected Legal review and policy reflection
through ESG management system
Markets and Technology Increased demand for eco-friendly and high-efficiency products,
as well as products based on new and renewable energy sources
Increased R&D costs to expand
eco-friendly product portfolio
Development of substitutes for hazardous chemicals
Development of new and renewable energy materials
Development of high-efficiency materials, etc.
Sustainable product development
Mid to long term
Reputation Call for global eco-friendly initiatives Withdrawal of investment and loss of customers Global initiatives such as TCFD
Response and review of information disclosure