TDK Corporation (TSE:6762) has been recognized as a Leader, receiving an A ranking, in global environmental non-profit CDP’s Supplier Engagement Rating 2023. CDP works on environmental issues such as climate change.
In the Supplier Engagement Rating, the answers provided to the CDP Climate Change Program are used to evaluate the companies by items related to governance, targets, estimation of greenhouse gas emissions in their corporate value chain (SCOPE3), and supply chain engagement. TDK was praised because it promotes environmental activities working with suppliers and discloses SCOPE3 emissions.
CDP is a non-profit that drives companies to engage in environmental issues such as climate change, water security resources protection, and forest preservation and to disclose information, based on requests from global institutional investors who are very interested in environmental issues. In 2023, TDK was selected as Supplier Engagement Leader for the fourth consecutive year of companies evaluated for their engagement with suppliers on climate change. 450+ companies from across the globe were evaluated for CDP 2023 ‘Supplier Engagement Leaders’. Inclusion on this list demonstrates that a company is proactively working with their suppliers to ensure that sustainability is present in every part of their value chain. In addition, TDK has received an “A-“ranking in the CDP climate change category and an ‘A List’ for focusing on water security for the fourth consecutive year.
TDK has established the TDK Environmental Charter, consisting of the “Basic Principle on the Environment” and the “Basic Policy on the Environment”, which make up the entire group’s environment policy aimed at contributing to the sustainable development of society. In line with the Charter, TDK formulated its Environmental Vision and Environmental Action Plan as a fundamental framework for implementing specific environmental activities and initiatives. To pass on a healthier global environment to the next generation, TDK aspires to lead society as it carries out environmental protection activities quickly and effectively with special consideration for climate change and biodiversity. For its supplier engagement initiative in particular, under TDK’s purchasing principle “Global Partnership Purchasing”, TDK has created “TDK Green Procurement Standard” to work together with suppliers to enhance environmental activities, such as checking suppliers’ environmental activities and providing feedbacks on the results, conducting dialogue with environmental department personnel to select supplier environmental awards, supporting supplier’s energy efficiency. In addition, since 2023, TDK has been participating in the CDP Supply Chain Program for the purpose of more accurately determining SCOPE 3 emissions.
The TDK Group will carry out environmental protection activities quickly and effectively with special consideration for climate change, biodiversity, and the finitude of resources. Through its innovative core technologies and solutions, the company will advance the development of a sustainable society, helping to ensure that future generations worldwide have access to clean and safe water supplies.
The full list of this year’s Supplier Engagement Leaders is available, along with other publicly available company scores.
