Tokyo – February 10, 2022 –Toppan (TYO: 7911), a global leader in communication, security, packaging, décor materials, and electronics solutions, has been recognized as a Supplier Engagement Leader in the 2021 Supplier Engagement Rating (SER) conducted by CDP, an international non-profit organization focused on environmental disclosure. This adds to Toppan’s selection to CDP’s climate change A List in December last year.
CDP’s Supplier Engagement Rating assesses how effectively companies are working with suppliers to address climate change issues. Specifically, it focuses on the four areas of governance, targets, value chain (scope 3) emissions,1 and supplier engagement strategies. In the 2021 assessment, CDP named more than 500 companies, representing the top 8% of those that responded, as Supplier Engagement Leaders, including 105 Japanese companies. Toppan was recognized in particular for proactive efforts to reduce scope 3 greenhouse gas (GHG) emissions across its global group of companies through the provision of low-carbon-emission products and services.
Aiming to help shape a sustainable society through business activities conscious of the need for conservation of the global environment, Toppan formulated the Toppan Group Environmental Vision 2050 in January 2021. At the same time, it revised and set new medium-and-long-term targets, including those for GHG emission reduction, to be achieved by 2030, the target year for the Sustainable Development Goals (SDGs).
In recognition of the size of the impact that climate change can potentially have on the Group’s operations, Toppan also conducts scenario analysis based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and discloses information in line with the four thematic areas of governance, strategy, risk management, and metrics and targets.
“Recognition by CDP as a leader in supplier engagement marks another milestone on our journey towards being a company that creates value by addressing issues that society faces,” said Fumie Ikeda, General Manager of Sustainability Promotion at Toppan. “Toppan will continue to accelerate efforts in the areas of climate change and the environment as we aim to be a leading provider of solutions globally based on digital and sustainable transformation.”
Scope 1: Direct emissions from owned or controlled sources.
Scope 2: Indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company.
Scope 3: All other indirect emissions that occur in a company’s value chain.
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 $110 trillion in assets, 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. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. 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/.