Koei Shoji Co., Ltd. (Headquarters: Kanazawa-ku, Yokohama, Kanagawa Prefecture; President: Mamoru Iwamoto) received a “C” score, the fifth out of eight levels (A, B, B-, C, C-, D, D-, F) in the 2022 Climate Change Survey by CDP, an international non-profit organization, on December 15, 2022.
The company received a score of “C,” the fifth out of eight (A, B, B-, C, C-, D, D-, F).
This is a rare achievement for a small-to-medium sized company such as ours, and is a recognition of our commitment to climate change and transparency.

About CDP Score

CDP is an international non-profit organization headquartered in London that surveys companies and cities on their efforts to address environmental issues such as climate change, water resource protection, and forest conservation, and discloses the results of its evaluations.

The survey on climate change covers more than 9,500 companies worldwide and rates their efforts on an eight-point scale (A, B, B-, C, C-, D, D-, F) in terms of setting targets for climate change, business strategy, awareness of risks and opportunities, and disclosure of greenhouse gas emissions.

For the first time this year, we voluntarily responded to the CDP Climate Change Questionnaire and received a “C” score, the fifth level from the top.

CDP website
https://cdp.net/

Koei Shoji’s Climate Change Initiatives

We have established an ambitious environmental goal of “reducing Scope 1 and Scope 2 greenhouse gas emissions from our business activities by 42% by 2030 from the base year of 2020,” and have been certified under the international environmental initiative, the Science Based Targets Initiative (SBTi) *1, an international environmental initiative.

In Scope 3, we will set and implement more detailed reduction targets with the cooperation of the supply chain.

This is the same level of commitment as major companies, and this CDP scoring means that the company’s climate change initiatives and information disclosure have been recognized as being at a high level internationally.

Main actions to achieve reduction targets

Scope1	Aiming to reduce the use of fossil fuels, we will consider the introduction of electric vehicles, etc.
Scope2	In addition to considering the introduction of renewable energy and energy-saving measures, we plan to offset the electricity supplied by the plant with non-fossil certificate renewable electricity or J-credits.
Scope3	We have measured emissions in each category. In the future, with the cooperation of our supply chain, we will set more detailed reduction targets and implement them.

Koei Shoji will continue to contribute to the creation of a sustainable future society by creating new value together with various stakeholders to address social issues such as climate change.

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SBTi (Science-Based Targets) is an international initiative established in 2015 by CDP, WRI, WWF, and UNGC to verify and grant accreditation to greenhouse gas reduction targets that are consistent with the levels* required by the Paris Agreement, based on scientific evidence The UNGC is an international initiative established in 2015 by the UNGC.
*The goal is to limit global temperature increase to well below 2°C above pre-industrial levels and to 1.5°C below pre-industrial levels.

SBTi website
https://sciencebasedtargets.org/