Toyobo selected as a Supplier Engagement Leader by CDP for the second consecutive year
Toyobo Co., Ltd. has been selected as a Supplier Engagement Leader – the highest ranking – in CDP’s*1 Supplier Engagement Rating assessment for the second consecutive year. CDP is a British not-for-profit organization that runs a global disclosure system on supply chain environmental impacts.
CDP’s Supplier Engagement Rating assessment evaluates a company’s engagement with its supply chain on climate change issues, based on its answers to a questionnaire on governance, targets, scope 3 emissions*2 and supply chain engagement. In 2022, CDP selected the top eight percent of 653 companies, including 131 Japanese firms, as Supplier Engagement Leaders.
Toyobo believes CDP highly evaluated its endeavors in partnership with suppliers and clients to reduce environmental impacts and promote resource circulation in the entire corporate supply chain. Toyobo is making these efforts based on the Toyobo Group Fundamental Policy on the Global Environment and CSR Procurement Guidelines.
Recognizing climate change as a major risk to its business operations, the Toyobo Group will spearhead undertakings to address climate change together with its stakeholders. Also, as stated in Sustainable Vision 2030*3, its long-term vision unveiled on May 26, 2022, the group commits itself to contributing to realizing a “decarbonized and circular society” throughout the corporate supply chain by providing its own products and solutions.
|*1:||Based on requests from institutional investors, corporations and organizations, CDP mainly asks corporations and local governments to disclose information on their environmental measures in such areas as climate change, water resource protection and forest preservation as a way to prompt them to take more effective measures.|
|*2:||The amount of global warming gases emitted as the result of activities from sources not owned or controlled by the reporting entity, such those emitted in the transportation and distribution of raw materials and use and disposal of products.|
|*3:||Toyobo “Sustainable Vision 2030”|
Toyobo Group’s sustainability-related activities
For more information, contact
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
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