Furukawa Electric Selected for CDP’s Supplier Engagement Rating Leaderboard for Third Consecutive Year
- High recognition for the initiatives for greenhouse gas emissions in the supply chain -
- CDP, an international environmental NGO, has selected Furukawa Electric for its Supplier Engagement Rating Leaderboard for the third year in a row.
- We were rated highly for our grasp of greenhouse gas emission volumes in the supply chain, transparency, target setting and actions.
- We will continue to promote ESG management to contribute toward achieving the SDGs and realizing 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 CDP, an international environmental NGO, for its Leaderboard of “A” (top) rated companies in recognition of our outstanding climate change initiatives across the entire supply chain and related information disclosure. This is the third consecutive year that we have received this high rating. Supplier Engagement Rating (SER) is an index that rates companies’ engagement with their supply chains regarding climate change issues and promotes coordination among companies in the value chain.
To contribute toward achieving the sustainable development goals (SDGs) and realize Furukawa Electric Group Vision 2030 (hereinafter “Vision 2030”), our Group has been working to strengthen ESG (Environment, Social, Governance) management in order to increase corporate value over the medium to long-term with ESG at the foundation. As part of these efforts, Furukawa Electric Group Environmental Vision 2050 was formulated in March 2021, and we declared our goal of eliminating greenhouse gas emissions from the business activities (carbon neutral). Also, within the important management issues that should be addressed in order to achieve Vision 2030 (materiality), in relation to the environment, we have set forth “Creating environmentally-friendly businesses” under “Creating businesses that solve social issues” and “Developing business activities that consider climate change”, and we are strengthening our responses to these management issues.
In recent years, the extreme weather events occurring in various parts of the world are believed to have been caused in part by the environmental impact of corporate activities, including greenhouse gas emissions. Our Group’s business activities have also been affected. In response, we are strengthening our environmental management systems throughout the business activities, including the establishment and revision of the Environmental Targets 2030. In addition, based on the details of these, we have promoted the disclosure of information, such as responding to questionnaires from CDP and publishing integrated reports and sustainability books. These actions led to us being selected by CDP as a Climate Change A-list company, its top rating, in December last year for the second consecutive year. Further, recently, we have also been rated highly for our grasp of greenhouse gas emission volumes, transparency, target setting and actions in our climate change measures across the entire supply chain, as well as for our proactive disclosure of information in these regards. This has resulted in our selection for the Supplier Engagement Rating Leaderboard for the third consecutive year. To contribute toward the achievement of the SDGs and realize Vision 2030, we will continue to promote energy conservation activities at our plants and works, as well as the use of renewable energy sources such as hydroelectric power, which we have been using continuously for over a century, and solar power with the aim of eliminating our greenhouse gas emissions by 2050. In addition, we will promote initiatives throughout the Group and entire value chain to achieve our greenhouse gas reduction targets, while also enhancing information disclosure and increasing our transparency, and thereby further strengthen the relationships of trust with stakeholders.
Related News Releases (Furukawa Electric’s Approaches to Climate Change and Assessments Thereof)
Furukawa Electric website "Sustainability" page
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.
CDP Supplier Engagement Rating
CDP’s Supplier Engagement Rating (SER) is an index that rates companies’ engagement with their supply chains regarding climate change issues and promotes coordination among companies in the value chain. CDP publishes A-rated companies on its SER Leaderboard.
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.