TDK Corporation (TSE:6762) has been recognized for its leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious 'A List' for focusing on water security. This selection marks the second time CDP named TDK an "A List Company," in this category, signaling TDK's continued prioritization of sustainability.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Over 13,000 companies with over 64% of global market capitalization disclosed environmental data through CDP in 2021, earning a high rating from the 12,000 companies that were evaluated.
TDK has established 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 the Environmental Vision and Environmental Action Plan as a fundamental framework for implementing specific environmental activities and initiatives. To bring more awareness to the importance of water as a natural resource, TDK set a target for reducing water use and is striving to control water-related risks.
In our new medium-term plan, "Value Creation 2023," the pursuit of "social value," which aims at contributing to the realization of a sustainable society by solving social issues, is set as an objective for all business activities. We will implement a cycle of increasing "commercial value" and "asset value" while furthering "social value." In addition to the A List ranking for water security TDK also secured "A-" ranking in the climate change category for the second year running reinforcing TDK's focus on a sustainable future.
To realize 2CX (customer experience and consumer experience) by providing solutions that satisfy customers and consumers and experiences that exceed expectations, we aim to become an invaluable presence by aiding digital transformation (DX) and energy transformation (EX), two major social issues.
Based on this principle, the TDK Group will carry out environmental protection activities quickly and effectively with special consideration for climate change, biodiversity and finitude of resources. Through its innovative core technologies and solutions, the company will advance the development of a sustainable society, helping to ensure future generations around the world have access to clean and safe water supplies.
The full list of companies that made this year's CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores About TDK Corporation
TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately "Attracting Tomorrow." It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2021, TDK posted total sales of USD 13.3 billion and employed about 129,000 people worldwide. About 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 590 investors with over $110 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 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% 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. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
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