Otsuka Group Selected for CDP Climate Change A List
December 13, 2022
Otsuka Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo, Japan; President and Representative Director, CEO: Tatsuo Higuchi) announced today that the Otsuka group has been selected as an A-list company by CDP（※1）, a non-profit that runs the world’s environmental disclosure system, receiving the organization’s highest rating for excellence in climate change measures and disclosure.
Under its 2050 Environmental Vision, “Net Zero,” the Otsuka group is committed to reducing the total environmental impact of its business activities to zero. In terms of climate change, group-wide collaboration is focused on meeting the group medium-term target of reducing CO2 emissions by 50% by 2028 compared to 2017, utilizing renewable energy by introducing solar power generation facilities and CO2 free electricity, improving energy use efficiency by introducing cogeneration systems（※2）, and pursuing fuel conversion and other measures globally. In 2021, the Otsuka group announced its support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and in 2022, joined RE100, a global initiative that aims for 100% renewable energy in member business activities.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. The organization collects, analyzes, and evaluates information on the environmental activities of the world’s leading companies, and annually selects the best in terms of climate change initiatives and information disclosure for its climate change A List. In 2022, CDP scored more than 10,000 companies and selected 74 companies in Japan for its A List.
The Otsuka group will continue to help build a decarbonized and sustainable world through the application of new technologies and solutions.
※1： Founded in 2000 and working with more than 680 financial institutions with over $130 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. 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.
※2： A system that uses natural gas, petroleum, LP gas, etc., as fuel to generate electricity with engines, turbines, etc., while reusing the heat without waste.