Tokyo – December 8, 2021 –Toppan (TYO: 7911), a global leader in communication, security, packaging, décor materials, and electronics solutions, has been named to CDP’s climate change A List.
CDP surveys and assesses the efforts of businesses and subnational governments in relation to target setting, risk management, and disclosure on environmental issues. CDP’s annual assessment process is aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and is renowned as a global standard for evaluating companies’ environment-related activities. This year more than 590 investors with over US$110 trillion in assets requested corporate environmental data through CDP, and a record number of more than 13,000 companies responded by providing disclosures. A total of 200 companies have been named to the climate change A List, including 55 from Japan.
In January this year Toppan announced Toppan Group Environmental Vision 2050, setting out the Group’s long-term approach to environmental issues as it aims to contribute to a sustainable society through business activities conscious of the need to conserve the environment into the future. At the same time, Toppan established the Toppan Group Medium-and-Long-Term Environmental Targets for Fiscal 2030, which specify new figures for greenhouse gas emission volume reduction and other measures to be achieved by 2030, the target year for the Sustainable Development Goals.
Recognizing the potential scale of climate change’s impact on the Group’s operations, Toppan performs scenario analysis based on the TCFD’s recommendations and discloses information in line with the four thematic areas of governance, strategy, risk management, and metrics and targets.
“We are very pleased that our efforts to set meaningful targets, manage risks, and provide transparency have been recognized with inclusion in CDP’s climate change A List,” said Fumie Ikeda, General Manager of Sustainability Promotion at Toppan. “Toppan will continue to advance efforts to both drive a sustainable society and enhance enterprise value as a leading provider of solutions to social issues worldwide based on digital transformation and sustainable transformation.”
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over US$110 trillion in assets and over 200 purchasers with US$5.5 trillion in buying power, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.
Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.
For more information, visit cdp.net.
Established in Tokyo in 1900, Toppan is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. Toppan’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals.
For more information, visit https://www.toppan.com/en/ or follow Toppan on LinkedIn https://www.linkedin.com/company/toppan/