Ono Pharmaceutical Co., Ltd. (Osaka, Japan; President, Representative Director: Gyo Sagara, 'ONO') announced that Ono has been selected as a 'Climate Change A List' company in 2019 by CDP, a globally prestigious organization in the environmental field, for two consecutive years based on its efforts to climate change and information disclosure in 2019.
Ono has established an environmental vision, ECO VISION 2050 (Environment Challenging Ono Vision 2050) based on the 'Ono Pharmaceutical Environmental Guidelines', where Ono has set up its long-term goal to reduce greenhouse gases by 55% by 2030 and 0% by 2050 in Scope 1 + 2, compared to FY2017. Ono makes company-wide efforts to reduce greenhouse gas discharged from our business activities. Ono also aims to reduce emissions in cooperation with our business partners by transmitting information both inside and outside the company
Ono continues to contribute to society by discovering and developing innovative pharmaceutical products, and work toward the realization of a sustainable society.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 8,400 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2019. This is in addition to the over 920 cities, states and regions who disclosed, making CDP's platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition.
About a scoring of CDP
CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2019, over 525 investors with over US$96 trillion in assets and 125 major purchasers with US$3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP's platform and over 8,400 responded.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don't disclose or provide insufficient information are marked with an F.
The Climate Change A List is published by CDP each year, alongside the A Lists for leadership on protecting forests and water security. The full list of companies that made this year's CDP Climate Change A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores
The full methodology and criteria for the Climate Change A List are available on CDP's website at: https://www.cdp.net/en/guidance/guidance-for-companies under 'CDP scoring methodologies 2019'.
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