- Reinforcing the profit structure remains a challenge.
- Increasing earning capacity remains a challenge.
- Supply chain disruptions due to the COVID-19 pandemic and geopolitical factors.
- Customers' increasingly strict criteria regarding the environment and human rights.
- Decline in demand for products bundled with earphones in the Mobile Audio Segment.
Foster Electric Company, Limited
Greenhouse gas emissions & sustainability report data
In its 2022-04 to 2023-03 reporting, Foster Electric Company, Limited disclosed greenhouse gas emissions of 42.4K tCO2e/year (Scope 1+2 in FY2022). By scope: Scope 1: 1.1K tCO2e/year (FY2022); Scope 2: 41.3K tCO2e/year (FY2022); Scope 3: 264.4K tCO2e/year (FY2022). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
42.4K tCO2e/year (Scope 1+2 in FY2022)
2022-04 to 2023-03
Water Usage
234.3K m3/year (FY2022)
2022-04 to 2023-03
Waste
4.7K tons/year (FY2022)
2022-04 to 2023-03
Energy Use
86.0K MWh/year (FY2022)
2022-04 to 2023-03
📊 Emissions by Scope (2022-04 to 2023-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.1K tCO2e/year (FY2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 41.3K tCO2e/year (FY2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 264.4K tCO2e/year (FY2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022-04 to 2023-03 | 42.4K tCO2e/year (Scope 1+2 in FY2022) |
| 2021-04 to 2022-03 | 49.5K tCO2e/year (Scope 1+2) |
| 2018 | 72.9K t-CO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced absolute Scope 1 and 2 CO2 emissions by 42% from a 2018 base-year.
- Developed products incorporating technologies for speakers weighing less than 115g.
- Achieved 16% ratio of environmentally responsible car speakers (per sales) in FY2022.
- Achieved 77.7% ratio of toluene-free new mobile audio products in FY2022.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 CO2 emissions by 30% from a 2018 base-year by 2025.
- Reduce Scope 3 CO2 emissions by 3% from a 2018 base-year by 2025.
- Develop products incorporating elemental technologies for speakers weighing less than 100g by 2025.
- Achieve 22% ratio of environmentally responsible car speakers (per sales) by 2025.
- Achieve 30% female manager ratio at headquarters by 2025.
📅 Medium-term
- Reduce Scope 1 and 2 CO2 emissions by 50% from a 2018 base-year by 2030.
- Reduce Scope 3 CO2 emissions by 15% from a 2018 base-year by 2030.
- Achieve 30% or higher ratio of environmentally responsible car speakers (per sales) by 2030.
- Become the world’s No.1 acoustic solution partner by 2030.
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
Decarbonized SocietyResource RecyclingHarmony with NatureEmployee WellbeingDiversity and InclusionCorporate GovernanceSupply Chain ManagementHuman Rights