Komatsu : recognized with prestigious double ‘A’ score for global climate and water stewardship

Komatsu recognized with prestigious double 'A' score for global climate and water stewardship

Dec. 13, 2022

Komatsu Ltd. (President and CEO: Hiroyuki Ogawa) (hereinafter "Komatsu") has been awarded a position on this year's A List for climate change and water security by CDP*, the non-profit global environmental disclosure platform.

The A-List is awarded to companies which are recognized as international leaders of managing climate change and water security.

Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP's platform and a record-breaking 18,700 companies 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.

Komatsu has conventionally positioned environmental activities as one of top management priorities. In 2021, Komatsu upheld the new long-term vision of achieving carbon neutrality, virtually zero carbon emissions, by 2050. In the mid-term management plan "DANTOTSU Value - Together, to 'The Next' for sustainable growth", which began in April 2022, Komatsu has also defined carbon neutral by 2050 as a challenging target and implemented aggressive activities. In order to significantly reduce CO2 emissions in the entire lifecycle of construction and mining equipment, Komatsu aims to introduce electrification equipment and is advancing to develop "power agnostic concept truck" that can run on a variety of power sources including fuel cells and hydrogen engines. By enabling efficient operation through automatic operation and remote control using sophisticated digital technologies, Komatsu is also determined to drive its activities to realize a low-carbon society as an industrial leader.

Through climate change risk and opportunity assessments and scenario analyses based on TCFD, Komatsu will pursue increasing our resilience against climate change impacts. At the same time, Komatsu will advance climate change and water security response measures through a healthy dialogue with stakeholders.

- Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, said: "Congratulations to all the companies on this year's A List; environmental transparency is the first vital step towards a net-zero and nature-positive future. In a year of ever-increasing environmental concerns around the world - from extreme weather to unprecedented losses to nature - the need for transformational, urgent and collaborative change is more critical than ever. We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale - there is no route to 1.5°C without nature. As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List - and those wanting a place on it - do the same."

*CDP: 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 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.

The full list of companies that made this year's CDP A List are available here, along with all other public company scores:
https://www.cdp.net/en/companies/companies-scores

No : 0075（3195）
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: [phone]
mail: [e-mail]

*The information may be subject to change without notice.