Top rating achieved in recognition of efforts to address climate change across supply chains 

Tokyo – Toppan, a global leader in communication, security, packaging, décor materials, and electronics solutions, has been recognized for the second consecutive year as a Supplier Engagement Leader in the 2022 Supplier Engagement Rating (SER) conducted by CDP, an international non-profit organization focused on environmental disclosure.

CDP’s Supplier Engagement Rating assesses how effectively companies are working with suppliers to address climate change issues. Specifically, it focuses on the five areas of governance, targets, scope 3 emissions,1 supplier engagement, and overall CDP climate change performance. In the 2022 assessment, CDP named the top 8% of responding companies as Supplier Engagement Leaders. Toppan was recognized in particular for proactive efforts to reduce supply chain greenhouse gas (GHG) emissions across its global group of companies through the provision of low-carbon-emission products and services.

“We are very pleased that CDP has recognized Toppan as a leader in supplier engagement for consecutive years,” said Fumie Ikeda, General Manager of Sustainability Promotion at Toppan. “We will continue to accelerate ESG initiatives, work with stakeholders to enable a sustainable society, and enhance transparency in disclosure as we aim to be a leading provider of solutions to climate change and other issues globally based on digital and sustainable transformation.”

Sustainability at Toppan

Aiming to help shape a sustainable society through business activities conscious of the need for conservation of the global environment, Toppan formulated the Toppan Group Environmental Vision 2050 in January 2021, setting out its long-term approach to environmental issues. At the same time, Toppan revised and set new medium-and-long-term target figures, including those for GHG emission reduction, to be achieved by 2030, the target year for the Sustainable Development Goals (SDGs).

In recognition of the size of the impact that climate change can potentially have on the Group’s operations, Toppan also conducts scenario analysis based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and discloses information in line with the four thematic areas of governance, strategy, risk management, and metrics and targets.

1. Categorization of greenhouse gas emissions
Scope 1: Direct emissions from owned or controlled sources.
Scope 2: Indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company.
Scope 3: All other indirect emissions that occur in a company’s value chain.