Nonprofit CDP scores Kyocera highly on environmental transparency and performance
Kyocera Corporation (President: Hideo Tanimoto, hereafter “Kyocera”) today announced that it has been recognized among the world’s leading companies in the fight against climate change, receiving an “A” ranking in “The A List 2020” from the international non-profit CDP.
CDP has created a global disclosure system for business enterprises to monitor and reduce environmental impacts. Kyocera’s leadership in environmental transparency and performance was highlighted with an “A” grade among the more than 5,800 companies evaluated.
Each year, CDP scores companies with the goal of incentivizing improvements in three main areas: climate change, forest sustainability and water security. CDP helps guide companies toward becoming environmental leaders by reviewing their disclosures and grading firms from A to D-minus through its independent scoring methodology.
The Kyocera Group has consistently emphasized long-term sustainable development, growth, and profitability. To help fight climate change, the company is targeting a 30 percent reduction in greenhouse gas emissions and a tenfold increase in the amount of energy it obtains from renewable sources by 2030.*¹ In response to recommendations from the FSB Task Force on Climate-related Financial Disclosures (TCFD), Kyocera is also working to resolve technical and economic issues that contribute to negative climate impact, and is promoting wider deployment of renewable energy. The company is developing virtual power plant (VPP) technology, microgrid energy management systems*2, and energy management systems using solar cells, power storage and SOFCs (Solid Oxide Fuel Cells) to enhance power supply stability and sustainability.
The A List for climate change includes 270 companies worldwide. These companies are leading the trend to reduce environmental risks and build a more sustainable global economy that serves both people and our planet.
The Kyocera Group will continue its contributions to a sustainable, low-carbon society by pursuing new greenhouse gas reduction methods, wider deployment of renewable energy and additional innovations to combat climate change.
*1 From fiscal year 2013 levels (Overall company and supply chain emissions)
*2 Microgrid refers to a small-scale energy network that does not rely on power supply from a large-scale power plant but aims for local production and consumption using energy sources and consumption facilities in the community
Founded in 2000, CDP was the first platform to link environmental integrity and fiduciary duty. Now with the world’s largest, most comprehensive dataset on environmental action, CDP runs the global environmental disclosure system in terms of risks and opportunities on climate change, water security and deforestation with its insights which empowers investors, companies, cities, and national and regional governments to make the right choices to build a thriving economy that works for people and planet in the long term.