Otsuka Group Selected for CDP Climate Change A List for a Second Consecutive Year
February 7, 2024
Otsuka Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo, Japan; President and Representative Director, CEO: Tatsuo Higuchi) has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP(*1), securing a place on its annual ‘A List’ for a second consecutive year. Otsuka also received an A- listing for water security, placing it at leadership level in the category.
Under its 2050 Environmental Vision, “Net Zero,” the Otsuka group is committed to reducing the total environmental impact of its business activities to zero. Based on this vision, we have determined carbon neutrality, and water neutrality as the part of the material issues in our environmental initiatives. In terms of carbon neutrality, 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 terms of water neutrality, we have conducted water risk assessment at the group’s all production sites worldwide in the aim of sustainable water use.
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 2023, CDP scored more than 23,000 companies and selected 346 companies for its climate change A List.
The Otsuka group will continue to help build a decarbonized and sustainable world through the application of new technologies and solutions.
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*1：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 $136 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 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds 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 efficiently utilizes heat and electricity by generating power through engines and turbines using fuels such as city gas while simultaneously recovering the heat generated in the process.