Murata Manufacturing Co Ltd

Murata is strengthening its governance system for climate change measures. The Board has overall accountability for the management of all risks and opportunities, including climate change. Our President and a Senior Executive Vice President and CFO, who are Executive Directors of the Board, chair Murata's CSR Management Committee and Climate Change Committee respectively and are ultimately accountable for the oversight of our climate change agenda.

The Climate Change Committee is responsible for governing Murata's overall strategies in response to climate change and monitoring the delivery of climate-related objectives across the Murata group of businesses. The Climate Change Committee reports its activity track records to the CSR Management Committee and the CSR Management Committee reports these results to the Board of Directors for discussion. The Board of Directors takes the risks and opportunities that occur due to climate change into consideration, and directs business plans and business strategies while considering related policies and current initiatives of Murata.

In addition, a Presidential award and Committee award system was established for initiatives to reduce CO2 at each office as part of our incentives. These awards are primarily given for cases selected according to economic efficiency, reasonableness, and other unique standards adopted by Murata based on CO2 reduction through energy saving and renewable energy.

Chaired by the Senior Executive Vice President and CFO, the Climate Change Committee is composed of responsible people of Manufacturing Department, Research and Development Department, Environment Department, Sales Department, and other business units. Meetings are held two or more times per year to make decisions on matters for discussion proposed by the subcommittees. Meetings concerning specific themes are also held on an ad hoc basis as the themes occur. The Committee held discussions concerning Murata's climate change strategy with the 3 subcommittees: Climate Initiatives Subcommittee, Renewable Energy Subcommittee, and Energy-saving Subcommittee. In the fiscal 2023, the discussions covered a review of CFP calculation with the aim to create further energy-saving measures, introduction of on-site renewable energy to business sites and procurement of renewable energy from outside the premises, investment in carbon credit funds, Scope3 reduction throughout the supply chain, and consideration of bringing forward the achievement of 100% renewable energy sourcing.

Major resolutions and reports made in fiscal 2023 by the Board of Directors regarding climate change measures include the following:

* Reporting and review by the CSR Management Committee on the activities of the Climate Change Committee and the 3 subcommittees
* Resolution on single-fiscal-year targets, including climate change measures, and reporting on the progress of, issues in, and efforts regarding the medium-term and single-year targets
* Reporting and consideration of bringing forward the achievement of 100% renewable energy sourcing and investment in carbon credit funds

[...] For the participation in an industry association or the review thereof, Murata periodically checks for any significant discrepancies or deviations from the missions of the industry association in light of conformity with Murata's aims and business activities. Withdrawal will be considered if conformity with their mission became difficult.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Murata has a process in place to ensure our direct and indirect engagement activities to be consistent with our climate change strategy. Such process involves facility division serving as the secretariat of our Climate Change Committee and directly responsible for information collection, considering and managing engagement activities related to climate change. Facility division is responsible for establishing the directions for lobbying and information collection activities through trade association.
Facility division reports to the Climate Change Strategy Committee on an as-needed basis. The direct chain of command helps ensure consistency between Murata's policies and our engagement content with Trade associations.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]村田機械は、事業に関係する業界団体として一般社団法人ビジネス機械・情報システム産業協会(JBMIA)と、SEMI(国際半導体製造装置材料協会)の定期会合に担当者が参加し、その中で得た情報は社内に共有展開しており、気候変動戦略が関連業界団体のそれと一致することを保証する。気候変動戦略については、当社内のeラーニングをはじめとする社内研修や環境委員会などを活用し、役員・従業員に村田機械の気候変動戦略を周知している。

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Murata has put in place processes to ensure that its direct and indirect engagement activities align with its climate change strategy. In that process, the Facilities Division serves as the secretariat of the Committee on Climate Change and is directly responsible for gathering information and reviewing and managing activities related to climate change. The facilities division is responsible for setting the direction of lobbying and information-gathering activities through industry associations. The Facilities Division reports to the Climate Change Committee as necessary. The direct chain of command ensures consistency between Murata's policies and our work with industry groups.