SEKISUI CHEMICAL makes CDP's “Climate Change A-List”
January 24, 2019
SEKISUI CHEMICAL CO., LTD
Tokyo, January 22nd, 2019: SEKISUI CHEMICAL CO., LTD. (TSE: 4204) is proud to announce that it has been awarded a place on the Climate Change A List by international environmental impact non-profit CDP.
CDP is an international non-profit organization that drives companies and governments to reduce greenhouse gas emissions, safeguard water resources, and protect forests. As of 2018, companies were requested to disclose their environmental data by over 650 investors and about 115 organizations. CDP collects and assesses this data and scores companies from A to D- based on how they are tackling climate change, deforestation and water security. For 2018, 20 Japanese companies, including SEKISUI CHEMICAL, were selected as Climate Change A-List companies.
The CDP Climate Change A listing is recognition of SEKISUI CHEMICAL Group’s achievements in environmental practices. We seek to “contribute to improving the lives of the people of the world and the Earth’s environment” as stated in our Group Vision, and aim to establish a sustainable business base from the ESG perspective. Specifically, for E (environment), we are actively advancing efforts to address multiple environmental issues including climate change.
In June 2018, SEKISUI CHEMICAL Group’s long-term goal of reducing our own greenhouse gas emissions and those of our supply chain made us the first in the world from the chemical sector to receive certification from the SBT (Science Based Targets)*1 Initiative. We view the expense of reducing emissions as an investment rather than a cost. As such, SEKISUI CHEMICAL has set aside over 0.3% of net sales (12 billion yen over the three-year period from FY 2017 to FY 2019) for an energy saving investment incentives program. The goal of this program is to invest in equipment renewal which will contribute to reduced emissions.
Furthermore, from the perspective of creating new value in SEKISUI CHEMICAL’s businesses and products, we have expanded the scope of environment-contributing products to include contributions toward both improving the Earth’s environment and improving the lives of people. We are constantly working on planning, developing, creating and expanding the markets for environment-contributing products.
Going forward, the SEKISUI CHEMICAL Group will continue to accelerate initiatives across the board to resolve climate change issues so as to achieve our vision of contributing to improving the lives of the people of the world and the Earth’s environment.
*1 SBT (Science Based Targets): Taking the opportunity of the adoption of the Paris Agreement, other joint initiatives were proposed in addition to the United Nations Global Compact. With SBT initiatives, company-set GHG reduction targets are certified as scientific based targets which contribute to long-term climate change measures.
Representative Director, Senior Managing Executive Officer, and Head of Business Strategy Department Keita Kato giving a speech at the award ceremony for CDP Climate Change A-List companies on January 22
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 200 companies throughout 21 countries 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.
Public Relations Group, Business Strategy Department
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.