Top rating achieved in recognition of efforts to address climate change across supply chains
Tokyo – March 15, 2023 – Toppan (TYO: 7911), a global leader in communication, security, packaging, décor materials, and electronics solutions, has been recognized for the second consecutive year as a Supplier Engagement Leader in the 2022 Supplier Engagement Rating (SER) conducted by CDP, an international non-profit organization focused on environmental disclosure.
CDP’s Supplier Engagement Rating assesses how effectively companies are working with suppliers to address climate change issues. Specifically, it focuses on the five areas of governance, targets, scope 3 emissions,1 supplier engagement, and overall CDP climate change performance. In the 2022 assessment, CDP named the top 8% of responding companies as Supplier Engagement Leaders. Toppan was recognized in particular for proactive efforts to reduce supply chain greenhouse gas (GHG) emissions across its global group of companies through the provision of low-carbon-emission products and services.
“We are very pleased that CDP has recognized Toppan as a leader in supplier engagement for consecutive years,” said Fumie Ikeda, General Manager of Sustainability Promotion at Toppan. “We will continue to accelerate ESG initiatives, work with stakeholders to enable a sustainable society, and enhance transparency in disclosure as we aim to be a leading provider of solutions to climate change and other issues globally based on digital and sustainable transformation.”
Sustainability at Toppan
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, setting out its long-term approach to environmental issues. At the same time, Toppan revised and set new medium-and-long-term target figures, 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.
Categorization of greenhouse gas emissions
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.
About CDP
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 740 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impact, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half 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 www.cdp.net.
About Toppan
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/
