booost technologies releases its first “sustainability report” *booost technologies corporation*
Press release: August 20, 2024
**
booost technologies releases its first “sustainability report” *“booost Sustainability” is used at 180,000 locations in 80 countries around the world.
Implemented as a company-wide project ahead of the expansion of mandatory sustainability information disclosure using the Cloud Cloud* * booost operates sustainability ERP (ESG information disclosure solution, GHG emissions visualization solution) with No. 1*1 market share
technologies Co., Ltd. (Shinagawa-ku, Tokyo, Representative Director: Hironori Aoi, hereinafter referred to as the Company) has announced its first “Sustainability Report” (hereinafter referred to as the Company).
This report) was published on our website on August 20, 2024. * Click here for the full report
Japanese followed by English translation
Our company has launched the “boost Sustainability Cloud” platform to support the acceleration of sustainability management.
” and consulting services, we support corporate SX. Although we are an unlisted company, we are ahead of the Sustainability Standards Board (SSBJ) in establishing domestic disclosure standards and making disclosure mandatory in securities reports.
Sustainability
We worked on the formulation and disclosure of this report as a company-wide project, drawing on the knowledge we have cultivated through providing “Cloud” and sustainability consulting services. Furthermore, we have also obtained third-party assurance regarding the CO2 emissions calculation results.
At the same time as contributing to our stakeholders through our business, we will continue to strive to accelerate the promotion of Japan’s GX and SX in cooperation with everyone.
* ■Trends in sustainability information disclosure*
Trends in Japan and overseas regarding the disclosure of non-financial information have recently become more active, and the European Commission has started an initiative centered on the CSRD (Corporate Sustainability Reporting
The Corporate Sustainability Reporting Directive (Corporate
Sustainability Reporting Directive) will begin to apply to some companies from fiscal 2024, and in some cases will target Japanese companies with local subsidiaries in Europe. Also, ISSB (International Sustainability Standards
The International Sustainability Standards Board (International Sustainability Standards Board) established the IFRS sustainability disclosure standards in June 2023, and they are effective from January 1, 2024.
In Japan, SSBJ (Sustainability Standards Board of
The Sustainability Standards Committee (Japan: Sustainability Standards Committee) is developing the SSBJ Standards, which are positioned as the Japanese version of the IFRS Sustainability Disclosure Standards. Disclosure in securities reports is expected to become mandatory, and application is scheduled to be expanded to companies with sales of 1 trillion yen or more in the fiscal year ending March 2028 (to be finalized by March 2025).
In this way, mandatory disclosure of non-financial information is progressing both domestically and internationally. Furthermore, for companies listed on the TSE Prime Market that are required to apply the SSBJ standards, when disclosing non-financial information, it is necessary to compile information on supplier companies with which they do business, so we need to keep an eye on the future of companies subject to the SSBJ standards. There are urgent issues such as accelerating the response to financial disclosures, building internal controls with a view to responding to third-party assurances, and developing a global integrated non-financial data infrastructure.
* ■Background of creating this report*
In addition to our business activities promoting SX, we have also created and disclosed this report with the aim of transforming ourselves (SX) and widely disclosing sustainability information to our stakeholders. . Although we are an unlisted company, we have positioned the preparation and disclosure of a report using our own services as a company-wide project in advance of the upcoming expansion of the obligation to disclose sustainability information. We aim to be a leader in an era of change in sustainability and create a better economic, environmental and social impact.
Furthermore, we assume that stakeholders include not only investors but also a wide range of customers and our employees, and carefully selected the content of the report with a comprehensive two-way impact in mind.
* ■Summary of this report*
This report aggregates and discloses sustainability information for each of the four materialities (important issues) listed below. The calculation of GHG emissions in “Greenhouse gas emission reduction and climate change” is performed using our own product “booost”. In addition to utilizing “Sustainability Cloud,” we have obtained “third-party assurance.”
Target period: January to December 2023 (including some latest data from July 2024)
Target locations: All booost technologies locations (Tokyo Head Office, Osaka Office)
Our materiality:
* Materiality * * Reason for selection *
1 Reducing greenhouse gas emissions and climate change When thinking about the sustainability of society and customers, the theme of 1-Chome Ichibanchi is responding to climate change issues.
2 Human Capital At a start-up company like ours, it is especially important for employees to maintain psychological safety while improving their abilities and performing to their fullest potential. 3 Product/Service Quality/Intellectual Property Strategy/Data Security Since our company operates a SaaS business, intellectual property strategies to ensure the quality of products and services and service superiority as well as data security, including personal information, are fundamental to business continuity.
4 Co-creation with stakeholders We need to work together with many stakeholders to achieve social sustainability.
Obtaining third party assurance:
Third-party assurance of CO2 emissions is a process in which independent experts and institutions (third parties) evaluate whether the GHG emissions reported by a company are fair and accurate. As ESG investment progresses, the importance of non-financial information is increasing, and third-party assurance is implemented to ensure its reliability.
This time, we have obtained third-party assurance from Sustainability Accounting Firm, Inc. regarding the calculation results of our GHG emissions, and we have worked to embody decarbonized management, including proving the accuracy of the disclosed content. (Reference: page 20 of this report).
Reference: About third party guarantee
* ■Company-wide efforts to create this report*
1. SX Committee activities
At our company, we incorporate environmental and social perspectives into our business activities in order to solve sustainability issues including climate change and create sustainable business value. In order to ensure that these activities are managed with appropriate judgment and control, we have established a governance system centered on the SX Committee. We have established working groups on themes that are of high importance to our company, and examine various issues and formulate and implement action plans (see page 8 of this report). The creation of this report was promoted mainly by the SX Committee, and the activities of each working group are described.
2. Utilize your own products and consulting services
This time, regarding the visualization and reduction of your company’s GHG emissions in “Materiality 1: Greenhouse gas emission reduction and climate change” (reference: page 19 of this report), we will discuss how to visualize and reduce your company’s GHG emissions as part of the activities of the SX Committee’s Environmental Working Group. Product “booost”
Sustainability
This project was carried out using “Cloud Cloud” and sustainability consulting services. The members of the Environmental Working Group are made up of volunteer employees from any department, and are positioned as a place to put accounting knowledge into practice.
3. Holding group work for all employees
During the process of creating this report, we also conducted group work involving all employees to examine the structure and content. Ministry of Economy, Trade and Industry’s “Guidance for Collaborative Value Creation” for dialogue between companies and investors Based on the “2.0” *3 framework, in order to systematically and comprehensively organize disclosure content and improve the quality of dialogue with stakeholders, we discussed improvements to the draft of this report and used them as reference for editing.
Note content is being sent!
In addition, we are sending a record of this activity via note. It is being updated from time to time.
Please take a look.
note “A record of the struggles of the Sustainable Tech Company’s “SX Committee”!”
* ■Contents of booost technologies “Sustainability Report 2024”* * -Posted homepage URL-*
Japanese sentence:
https://speakerdeck.com/booost/sustainability-report-2024-booost-technolgieszhu-shi-hui-she English:
https://speakerdeck.com/booost/sustainability-report-2024-booost-technologies-inc
* -table of contents-*
* 1. CEO’s message *
* 2. Governance and materiality *
-*CSuO message*
-*Governance*
-* Materiality 1: Greenhouse gas emissions reduction and climate change* ・COO message
・booost’s business and achievements
・Booost in-house calculation results
– *Materiality 2: Human capital*
・Future Design Headquarters Message from the Director
– *Materiality 3: Product/Service Quality/Intellectual Property Strategy/Data Security*
* ・* CTO message
– *Materiality 4: Co-creation with stakeholders*
* ・ * Inauguration of SLC
・Establishment of sustainable procurement policy
* 3. Future developments *
– *Impact on the world*
– *Internal initiatives*
*1Deloitte Tomatsumic Economic Research Institute
“ESG Information Disclosure Solutions Market Trends to Promote Environmental Management 2022 Edition (Published in February 2023)” https://mic-r.co.jp/mr/02670/”
Trends in vendor sales/share of overall ESG information disclosure solutions, Trends in vendor sales/share of GHG emissions visualization solutions
*2 NET-ZERO Sustainability Leaders: Individuals and companies who are leading the way in their respective industries by making advanced efforts to realize NET-ZERO and sustainability.
NET-ZERO: After reducing CO2 emissions to the utmost limit, the remaining amount is subtracted by the absorption amount and removal amount to make the total zero.
*3 Collaborative value creation guidance: A “common language” that connects companies and investors, and provides information that companies (corporate managers) should convey to investors (management philosophy and business model
A guide to systematically and integratedly organize information management, strategy, governance, etc., and improve the quality of information disclosure and dialogue with investors.
Overall picture of the “Guidance for Collaborative Value Creation” framework: A “common language” that shares the philosophy of Guidance for Collaborative Value Creation
https://www.meti.go.jp/policy/economy/keiei_innovation/kigyoukaikei/ESGguidance.html
booost technologies co.,ltd.
In order to leave a sustainable future for the next generation, we aim to achieve NET-ZERO with the power of technology.
ESG information disclosure solution with No. 1 share*, GHG emissions visualization solution, “booost Sustainability
Cloud” is provided. As a component application, “booost”, which promotes GX (green transformation) such as visualization of CO2 emissions, carbon offset, reporting, etc.
GX” and “booost” that visualize CO2 emissions throughout the supply chain. Supplier”, “booost ESG” which visualizes ESG disclosure items and improves ESG performance,
“booost”, which enables the procurement and supply of CO2-free electricity, etc. We are developing “Energy”. We also provide consulting services in the sustainability field, providing comprehensive support for SX (sustainability transformation) of NET-ZERO/ESG leaders.
-Company Profile-
Company name: booost technologies Co., Ltd.
Address: 10th floor, Shin-Osaki Kangyo Building, 1-6-4 Osaki, Shinagawa-ku, Tokyo
Established: April 15, 2015
Representative: Hironori Aoi, Representative Director
Capital: 100 million yen (as of June 30, 2023)
Business details: booost Sustainability Cloud (booost GX, booost Supplier, booost
ESG, boost Energy) development and management
Corporate site: https://booost-tech.com/
*Deloitte Tomatsumic Economic Research Institute
“Market Trends for ESG Information Disclosure Solutions to Promote Environmental Management 2022 Edition (Published in February 2023)” https://mic-r.co.jp/mr/02670/ ”Vendor sales/share trends for overall ESG information disclosure solutions,
Vendor sales/share trends for GHG emissions visualization solutions *boost Technologies Unveils Its First “Sustainability Report”* * Using the “Booost Sustainability Cloud” Across 180,000 Sites in 80 Countries*
*Company-Wide Project Implemented Before New Mandatory Sustainability Disclosures*
booost technologies Inc., published its first “Sustainability Report” (hereinafter “this Report”) on its website in August 20 2024.
We provide our solution alongside consulting services to address the upcoming domestic disclosure standards from the Sustainability Standards Board of Japan (SSBJ) and the trend toward mandatory disclosure in annual securities reports. We have also obtained third-party assurance for the CO2 emissions calculation results.
* ■Trends in Sustainability Information Disclosure*
Recent trends in the disclosure of non-financial information have become increasingly active both domestically and internationally.
Internationally, the Corporate Sustainability Reporting Directive (CSRD), led by the European Commission, requires all large and all listed companies to disclose information on their social and environmental impacts effective from the 2024 fiscal year. Certain non-EU companies, including potentially Japanese companies with local subsidiaries in Europe, will also be required to submit a report if their revenue on the EU market exceeds EUR 150 million.
Additionally, the International Sustainability Standards Board (ISSB) -an independent organization that creates global standards for sustainability reporting- issued its first two IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) in June 2023, which went into effect on January 1, 2024.
Domestically, the Sustainability Standards Board of Japan (SSBJ) is working on their new SSBJ standards, which will be the Japanese version of the IFRS Sustainability Disclosure Standards. These standards are expected to become mandatory for companies listed on the Tokyo Stock Exchange Prime Market with a market capitalization of over 3 trillion yen starting from the fiscal year ending March 2027. The requirement is anticipated to expand to companies with a market capitalization of over 1 trillion yen by the fiscal year ending March 2028 (with finalization by March 2025).
As the trend toward mandatory disclosure of non-financial information grows both domestically and internationally, companies are required to adhere to standards such as the SSBJ guidelines. Those listed on the TSE Prime Market must also compile information from their supplier companies when reporting non-financial data. examined, establishing internal controls and developing a global non-financial integrated data infrastructure have become pressing issues.
Check here for the full English translation↓
https://prtimes.jp/a/?f=d56793-125-aaebe224bed7a9be2615cfbb46bf0275.pdf