SEKISUI CHEMICAL makes CDP's “Climate Change A-List” for 2 consecutive years
Jan 21, 2020
SEKISUI CHEMICAL CO., LTD
Tokyo, January 21st, 2020: 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. We achieve a place on the A list for 2 consecutive years.
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 2019, companies were requested to disclose their environmental data by over 525 investors and about 125 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 2019, 38 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 set a long-term goal of reducing our own greenhouse gas emissions and those of our supply chain and are actively advancing efforts to address multiple environmental issues including climate change.
In June 2018, our long-term goal made us the first in the world from the chemical sector to receive certification from the SBT (Science Based Targets)*1 Initiative. In order to accomplish our long-term goal 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.
In January 2019, SEKISUI CHEMICAL expressed support for the recommendations of the TCFD. Then in July we made its first information disclosure in line with those recommendations, in which we indicate the significance of our contribution to climate change mitigation and adaptation through our business operations by grasping the impacts to/from climate change issues, recognizing the risks of those impacts, and translating those risks into opportunities. We believe that expanding our contributions will lead to increasing the sustainability of not only society but also our company.
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 20th
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 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.