Furukawa Electric selected as a CDP “Climate Change A List” company for the second year in a row
- Highly positive evaluation of our approaches to climate change risks and opportunities -
- This is the second year in a row that Furukawa Electric has been selected by CDP, an international environmental NGO, as a “Climate Change A List” company, their highest rating
- Highly positive evaluation of our initiatives for climate change targets, action and transparency
- We will continue to promote ESG management to contribute toward achieving the SDGs and realizing the Furukawa Electric Group Vision 2030
Furukawa Electric Co., Ltd. (Head Office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo, President: Keiichi Kobayashi) has been selected by the CDP, an international environmental NGO, as a “Climate Change A List” company, their highest rating, for the second year in a row in recognition of our outstanding initiatives for climate change and related information disclosure.
Background
Directed toward contributing to achieving the sustainable development goals (SDGs) and realizing the Furukawa Electric Group Vision 2030 (Vision 2030), the Furukawa Electric Group established the Sustainability Promotion Office in FY2019 and is working to strengthen ESG (Environment, Social, Governance) management with the aim of increasing medium to long-term corporate value centered on ESG. As part of these efforts, we formulated the Furukawa Electric Environmental Vision 2050 in March 2021 and declared our goal of achieving zero greenhouse gas emissions in 2050(note 1). In addition, we will strengthen our response for “Creating environmentally-friendly businesses” and “Developing business activities that consider climate change”, which have been designated important management issues (materiality) that should be addressed in order to achieve the Furukawa Electric Vision 2030.
Details
CDP, an international environmental NGO, has selected Furukawa Electric as a “Climate Change A List” company for the second year following a highly positive evaluation of the group’s climate change targets, action, transparency and approach to the risks and opportunities, as well as the proactive climate-related disclosures.
Directed toward contributing to achieving the SDGs and realizing Vision 2030, we will continue to promote energy conservation activities at the workplaces and plants, as well as maintain and effectively utilize hydroelectric power, a power source we have been using for over a century, and further install renewable energy such as solar power. While working to achieve the goal of zero greenhouse gas emissions in 2050, we will enhance information disclosure and increase the credibility of our initiatives with the aim of strengthening our relationships of trust with stakeholders.
(note 1)Greenhouse gas emissions from business activities (Scope 1 & 2)
Scope 1: Direct emissions from the company’s plants and offices
Scope 2: Indirect emissions from the electrical power and heat paid by the company
Related News Releases (Furukawa Electric’s Approaches to Climate Change and Assessments Thereof)
Furukawa Electric website "Sustainability" page
About CDP
CDP is a non-governmental organization (NGO) managed by a British charity and operates a global information disclosure system for investors, businesses, countries, regions, and cities to manage their environmental impact. CDP began activities in Japan in 2005.
Furukawa Electric Group’s efforts towards the SDGs
Based on the “Sustainable Development Goals (SDGs)” adopted by the United Nations, the Furukawa Electric Group has formulated the “Furukawa Electric Group Vision 2030” which sets the year 2030 as its target and is advancing efforts with the aim to “Build a sustainable world and make people’s life safe, peaceful and rewarding, Furukawa Electric Group will create solutions for the new generation of global infrastructure combining information, energy and mobility.” Toward the achievement of our Vision 2030, we will take open, agile, and innovative approaches to promote ESG management that that aims to increase corporate value over the medium to long term and will contribute to the achievement of the SDGs.
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