SEKISUI CHEMICAL CO., LTD. (President: Keita Kato; hereinafter called "SEKISUI CHEMICAL") has been recognized for leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP*¹, securing a place on its annual ‘A List’. Based on data reported through CDP’s 2023 Climate Change and Water Security questionnaires, SEKISUI CHEMICAL is one of a small number of companies that achieved a double ‘A’, out of over 21,000 companies scored.
Fully TCFD*² aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information are scored an F.
Under the long-term vision “Vision 2030”, SEKISUI CHEMICAL has identified its vision statement “Innovation for the Earth”, which incorporates the Group’s commitment to drive continuous innovation as a means of supporting the basis of LIFE and continuing to create peace of mind for the future in order to realize a sustainable society.
In dealing with climate change issues, the goal is to build a decarbonized society. We have set a long-term target of zero GHG emission from our business activities by 2050. Based on backcasting, we aim to reduce GHG by 50% from the 2019 level by 2030, consistent with the “1.5℃” Target.
In the area of resolving water risk issues, SEKISUI CHEMICAL Group plans to minimize the impact of water risk on the Group in order to ensure sustainable business operation as well as minimize the water risk caused by the Group in order to preserve biodiversity. Through such activities, the Group intends to generate positive return on the natural capital used in its business activities and contribute toward resolving local water issues through products to enhance sustainability and collaboration with the parties in watersheds where our sites are located.
Going forward, SEKISUI CHEMICAL Group aims to realize both a sustainable society and sustainable growth of the Group itself, contribute to further solving social issues, and promote initiatives to remain a company that continues to be trusted by all of our stakeholders.
Our main environmental initiatives can be accessed via the following link.
CDP is an international non-profit organization that promotes companies and municipalities to reduce greenhouse gas emission and protect water resources and forests through information disclosure.
The Task Force on Climate-related Financial Disclosures was established in 2015 by the Financial Stability Board (FSB), which is an international organization that seeks to stabilize the financial system. The TCFD recommends that companies analyze the impact of climate change on their financial status and disclose information about their strategies to respond based on those impacts.
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 26,000 employees in over 180 companies throughout 21 countries and regions aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
SEKISUI CHEMICAL CO., LTD.
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This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.