TDK Corporation has been named as a Leader, receiving an A ranking, in global environmental non-profit CDP Supplier Engagement Rating 2021.
CDP works on environmental issues such as climate change.
In the CDP Supplier Engagement Rating, the answers provided to the CDP Climate Change Program are used to evaluate the companies by items related to governance, targets, estimation of greenhouse gas emissions in their corporate value chain (SCOPE3), and supply chain engagement.
TDK was praised because it promotes environmental activities working with suppliers and discloses SCOPE3 emissions.
CDP is a non-profit that drives companies to engage in environmental issues such as climate change, water security resources protection, and forest preservation and to disclose information, based on requests from global institutional investors who are very interested in environmental issues.
In 2021, over 13,000 companies representing over 64% of global market capitalization disclosed environmental data through the CDP. Of the over 12,000 companies that were rated by the CDP, over 500 companies that fall into the top 8% were selected as Supplier Engagement Leaders.
Inclusion on this list demonstrates that a company is proactively working with its suppliers to ensure that sustainability is present in every part of its value chain. In addition, TDK has received an “A-“ranking in the CDP climate change category and an ‘A List’ for focusing on water security for the second consecutive year.
TDK has established the TDK Environmental Charter, consisting of the Basic Principle on the Environment and the Basic Policy on the Environment, which makes up the entire group’s environment policy aimed at contributing to the sustainable development of society. In line with the Charter, TDK formulated its Environmental Vision and Environmental Action Plan as a fundamental framework for implementing specific environmental activities and initiatives.
For its supplier engagement initiative in particular, under TDK’s purchasing principle “Global Partnership Purchasing, ” TDK has created “TDK Green Procurement Standard” to work together with suppliers to enhance environmental activities, such as checking suppliers’ environmental activities and providing feedback on the results, furthermore conducting dialogue with environmental department personnel to select supplier awards.
Based on its values, TDK will continue working to resolve social issues through its business. By fully utilizing TDK’s proprietary core technologies and solutions, we will advance the development of a sustainable society and champion well-being for all people.