Efforts to address climate change issues across supply chains receive highest level recognition in Supplier Engagement Rating

Tokyo – TOPPAN Holdings Inc. (TOPPAN Holdings) has been recognized for the third consecutive year as a Supplier Engagement Leader in the 2023 Supplier Engagement Rating (SER) conducted by CDP, an international non-profit organization focused on environmental disclosure. This follows TOPPAN Holdings’ selection to the CDP Climate Change A List announced in February this year.

CDP’s Supplier Engagement Rating assesses how effectively companies are working with suppliers to address climate change issues. Specifically, it focuses on the areas of governance, targets, scope 3 emissions,1 and value chain engagement, with the top scoring companies being named as Supplier Engagement Leaders. TOPPAN Holdings has been recognized in particular for proactive efforts to reduce scope 3 greenhouse gas emissions across its global group of companies through the provision of low-carbon-emission products and services.

CDP surveys and assesses the efforts of businesses and subnational governments in relation to target setting, risk management, and disclosure on environmental issues. CDP’s annual assessment process is renowned as a global standard for evaluating companies’ environment-related activities. In 2023, more than 740 financial institutions with over US$136 trillion in assets requested data through CDP, and a record number of more than 23,000 companies responded by providing disclosures.

Sustainability at TOPPAN

The TOPPAN Group has consistently implemented various initiatives to accelerate its efforts to help shape a sustainable society in which all forms of life can continue to thrive into the future. In April last year it enhanced and expanded the TOPPAN Group Environmental Vision 2050, which sets out the Group’s long-term approach to global environmental issues, adding the theme of “Preserving Biodiversity” and declaring its commitment to collaborating with the entire supply chain and local communities in addressing environmental issues. At the same time, the TOPPAN Group revised its Medium-and-Long-Term Environmental Targets for Fiscal 2030, the target year for the United Nations Sustainable Development Goals. This included setting new targets as well as raising existing ones.

The TOPPAN Group continues to intensify initiatives focused on preservation of biodiversity, as advocated by the Environmental Vision. In January this year TOPPAN Holdings annoucned its support for the final recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) and its participation in the global TNFD Forum, an international group of stakeholders aligned with the mission and principles of the TNFD.

As a leading provider of solutions to social issues worldwide driven by digital transformation (DX) and sustainable transformation (SX), TOPPAN Holdings will continue to advance efforts to help shape a sustainable society while also enhancing corporate value.

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.

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 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. 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.

cdp.net

https://www.holdings.toppan.com/en/ 
https://www.linkedin.com/company/toppan/