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  • Toyoda Gosei Earns Leadership Level Ranking for Third Consecutive Year in “Climate Change” and “Water Security” Sectors of CDP’s Company Survey

Toyoda Gosei Earns Leadership Level Ranking for Third Consecutive Year in “Climate Change” and “Water Security” Sectors of CDP’s Company Survey

December 17, 2021

Kiyosu, Japan, December 17, 2021: In a company survey conducted by the CDP,1 an international not-for-profit environmental organization, Toyoda Gosei Co., Ltd. has earned a Leadership Level2 (A−) ranking in the two sectors of “Climate Change” and “Water Security” for the third consecutive year.

Toyoda Gosei has strengthened its medium- and long-term targets for the reduction of environmental impacts,3 and formulated a 5-year plan to achieve them. The company is steadily decreasing CO2 emissions, water usage, and waste, holds ESG briefings, and actively discloses information based on the guidelines of the Task Force on Climate-Related Financial Disclosures (TCFD). All of this has contributed to its current ranking.

With the mission of leaving a greener, richer world to our children, the company has set the high target of achieving carbon neutrality by 2050 as one of its long-term environmental targets (TG 2050 Environmental Challenge). It will continue to promote environmentally-friendly business activities in moving toward a sustainable society.

1 A not-for-profit organization (NPO) established in 2000, operated with support from institutional investors and others in each country. It conducts surveys of corporate environmental information and publishes the results. Its annual information disclosure and evaluation process is widely recognized as the global standard in corporate environmental information disclosure.

2 The highest ranking as a company for exceptional efforts to combat climate change is “A,” and the second highest is “A−.” Eight rankings are given: Leadership level (A, A−), management level (B, B−), awareness level (C, C−), information disclosure level (D, D−).

3 The company’s long-term target for CO2 emissions has been revised from “minimization” to “zero” by 2050. The 2030 medium-term target for CO2 emissions has been revised from “43% reduction” to “50% reduction” compared with 2013 levels, and that for its renewable electricity usage rate has been revised from “25%” to “50%.”

CDP
ESG briefing for institutional investors (online)

ESG briefing for institutional investors (online)