Nichirei Group Materiality

KPIs for Group Material Matters

KPIs for Material Matters

In 2021, we set Group targets for 2030, as well as measures and KPIs, to advance initiatives for the Group’s material matters.
Medium-term Business Plan Compass Rose 2024, which began in FY2023 (the year ended March 31, 2023), sets Group KPI milestones (targets) for FY2025 on the road to 2030, as well as measures and quantitative targets for the holding company and each operating company. We aim to achieve our targets by continuously monitoring KPIs and carrying out the plan-do-check-act (PDCA) cycle.

Material Matters (Materiality) Group KPIs FY2023
Results		 FY2024
Results		 FY2025
Plan		 FY2031
Targets		 Main Operating Companies Involved
1 Creating new value in food and health*1 Sales of products and services that create added value for people’s mental and physical health and for the global environment ¥46.4 billion ¥55.2 billion　 ¥64.5 billion ¥140.0 billion
  • Nichirei Foods Inc.
  • Nichirei Fresh Inc.
  • Nichirei Corporation (Holding Company)
People provided with information for good eating habits and health (total number of people per year) 103 million 225 million Maintain over 200 million Maintain over 200 million
2 Strengthening food processing and production technology capabilities; enhancing logistics services EBITDA margin 8%  9% 9% 12%
  • Nichirei Foods Inc.
  • Nichirei Logistics Group Inc.
  • Nichirei Fresh Inc.
  • Nichirei Biosciences Inc.
EBITDA CAGR
  • Note:FY2022 is the baseline for FY2023, FY2024 and FY2025 CAGR
    FY2031 CAGR is the CAGR for 2025–2030
 5%  8% 8% 7% or higher
Overseas sales ratio 20%  21% 24% 30%
3 Realizing sustainable food procurement and a circular economy Rate of procurement from suppliers and OEMs that comply with the Nichirei Group Supplier Code of Conduct and Supplier Guidelines Support rate 89%
(main domestic suppliers and OEMs)		  Support rate 99%
(main domestic suppliers and OEMs)		 Support rate 100%
(main domestic and overseas suppliers and OEMs)		 Procurement rate
100%
  • Nichirei Foods Inc.
  • Nichirei Logistics Group Inc.
  • Nichirei Fresh Inc.
  • Nichirei Biosciences Inc.
Rate of implementation of ESG due diligence for main raw materials and main suppliers Domestic meat and poultry 25%
(main suppliers and OEMs)		  Domestic meat and poultry 52%
(main suppliers and OEMs)		 Domestic meat, poultry, and marine products 100%
(main suppliers and OEMs)		 100%
Rate of attendance for the SDGs education program aimed at realizing a circular economy -  51%
（managers or above）		 100%
(managers or above)		 100%
(all employees)
Rate of waste recycling at all sites 99.5%  99.7% 99% 99%
Procurement ratio of sustainable marine products complying with the Nichirei Group Sustainable Marine Product Procurement Guidelines in marine products business*2 91% 94% 99% 100%
Ratio of marine products in the above from fisheries with MSC, ASC or other global certification*2 19%  22% 32% 50%
Procurement ratio of sustainable palm oil (RSPO certified oil)*2
  • *Certified Palm Oil means RSPO certified Palm Oil (Mass Balance and Segregation)
 100%
(book and claim)		 100%
(book and claim)		 100％
(book and claim)		 100％
(certified oil)
Reduce water consumption at sites with high water stress*3 - - - Reduce water consumption at high-risk locations and implement water conservation activities
Conduct biodiversity conservation activities at Nichirei Group sites and Company-owned land*3 - - - Engage in biodiversity restoration activities, including the preservation of plant and animal species at Group sites
4 Climate change initiatives Reduction in CO₂ emissions*4
（Compared with FY2023; Scope 1 and 2 in Japan and Overseas）		 - - - -42％
  • Nichirei Foods inc.
  • Nichirei Logistics Group inc.
Reduction in CO₂ emissions*4
（Compared with FY2023; Scope 3 in Japan and Overseas）		 - - - -25％
Reduction in CO₂ emissions*4
（Compared with FY2016; Scope 1 and 2 in Japan）		 -25% -30% -33% -56%*5
Rate of conversion to natural refrigerants
Production equipment (Japan)		 56% 63% 74% 100%
Rate of conversion to natural refrigerants
Logistics (Global)		 53%*6 56%*6 61%*6 75%
5 Securing and developing a diverse array of human resources Employee engagement score*7 - 68pt 70pt 80pt
  • Nichirei Foods inc.
  • Nichirei Logistics Group inc.
  • Nichirei Fresh inc.
  • Nichirei Biosciences inc.
  • Nichirei Corporation (Holding Company)
Ratio of women directors and women Audit & Supervisory Board members (Holding company) 13.3% 13.3% 18.7% 30% or higher
Ratio of women employees in management positions (Holding company) 15.3% 17.0% 20.0% 30%
Investment in human resources*7 ¥800 million ¥980 million \1.2 billion \2.0 billion
  • *1For material matter 1, “Creating new value in food and health,” the vision for 2030, Group measures and Group KPIs and targets for FY2031 were revised by the Board of Directors of Nichirei Corporation on July 18, 2023.
  • *2For material matter 3, “Realizing sustainable food procurement and a circular economy,” in April 2023 the Nichirei Group established procurement guidelines for marine products and palm oil, which are important food resources underpinning its business activities, and added related Group KPIs and targets.
  • *3For material matter 3, “Realizing sustainable food procurement and a circular economy,” the vision for 2030, Group measures, Group KPIs and targets for FY2031 were partially revised and additions were made related to water resources and biodiversity by the Board of Directors of Nichirei Corporation on April 16, 2024.
  • *4For material matter 4, "Climate change initiatives," the Group’s FY2025 and FY2031 targets for reduction in CO₂ emissions were reviewed by the Board of Directors of Nichirei Corporation on November 21, 2023. The Group’s target for FY2025 was revised upward by 3 percentage points from 30% to 33% compared with FY2016. The scope of the Group’s targets for reduction in CO₂ emissions was expanded and a new target was added for FY2031.
  • *5The rate of reduction compared with FY2016 assuming the Group’s FY2031 target for Scope 1 and 2 emissions reduction in Japan is set at 42% compared with FY2023.
  • *6The scope was reviewed in April 2024, and the results and targets were revised accordingly.
  • *7For materiality matter 5, “Securing and developing a diverse array of human resources,” Group KPIs and targets related to the employee engagement score were added and Group human resource investment targets for FY2025 and FY2031 were revised by the Board of Directors of Nichirei Corporation on May 21, 2024.
Nicihrei Corporation, Strategic Planning, Nichirei Corporation, Quality Assurance Division, Nichirei Corporation, Technology Management, Nichirei Corporation, Corporate Internal Audit, Nichirei Corporation, Corporate Supervise, Nichirei Corporation, Legal Affairs, Nichirei Corporation, Human Resources Strategy & General Affairs, Nichirei Corporation, Finance & Investor Relations, Nichirei Corporation, Accounting & Tax, Nichirei Corporation, Group Communication, Nichirei Foods Inc., Nichirei Fresh Inc., Nichirei Logistics Group Inc., Nichirei Biosciences Inc., Hitachi Foods & Logistics Systems,Inc., NIchirei Bisiness Partners .inc