Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
The retail sector is one of the major contributors to the world water crisis. According to the World Bank, the apparel and textile industry consumes a huge amount of water and is a major polluter of water at all stages of its value chain.
Nitori Holdings Co Ltd (Nitori) is a retailer of furniture and interior decorative products. The company offers carpets, mattresses, curtains, home accents, household essentials, timber, garden equipment and supplies, pet supplies, and hardware products. It also provides home delivery, logistics services, membership cards, warranty services, virtual showrooms, interior renovation services, layout, and design services, and advertising services. Nitori merchandises its products online through an e-commerce platform, www.nitori-net.jp. It operates stores under the NITORI banner.
In fiscal year (FY) 2021, Nitori’s total water withdrawal was 1,399.17 thousand cubic meters of water, an increase of around 4.29% over FY2020. Of the total water withdrawn, the company withdrew 61.3% (857.8 thousand cubic meters) of water in Japan and 38.69% (541.3 thousand cubic meters) in overseas operations.
To tackle the environmental issue, SIAM NITORI, the company’s factory in Thailand, is working to reduce the amount of water it uses and to prevent pollution in the carpet and rug coloring process. SIAM NITORI colors carpets and rugs by kneading pigments directly into recycled raw materials (polyethylene terephthalate (PET) chips). Therefore, no water is used in the coloring process, and there is no need for effluent processing after coloring.
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