Air Water Inc. announces that the Company received a Leadership Level A- (A-minus) rating from the Carbon Disclosure Project (CDP), an international non-profit organization that provides an environmental information disclosure system, for engaging advanced activities for two straight years in the two areas of Climate Change and Water Security.
The Group set out the Air Water Group Environmental Vision 2050 to create a "decarbonized society," "resource recycling society" and "society in which humanity and nature coexist" by 2050, with a view toward realizing sustainable growth while simultaneously solving social problem. Based on the Vision, the Group has been working to enhance its corporate value on a medium- to long-term basis.
Against such a background, with respect to Climate Change, the Group has been advancing initiatives from two perspectives, namely, a responsibility for reducing its GHG emissions to achieve carbon neutrality, and a contribution to reducing GHG emissions on a society basis by collecting CO2 for utilization and through the provision of products such as low-carbon hydrogen and operation of businesses. In addition, it endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in August 2021 and has been disclosing related information.
With regard to Water Security, the Company has set the FY2030 target for water consumption per unit (freshwater consumption per unit of sales) at 10% below the FY2021 level, with the aim of effectively utilizing freshwater resources, and the Company is working on the basic policies of "reducing water withdrawal," "reusing cooling water and cleaning water" and "improving production processes."
The Company believes that the A- rating it received this time reflects recognition of these environmental initiatives of the Group. Going forward, the Group will continue to make group-wide efforts to contribute to the environment, and by doing so, strive to achieve sustainable corporate growth.
*About CDP
An international non-profit organization established in the UK in 2000, which has a global system to facilitate environmental information disclosures by companies and municipalities. The CDP asks global companies and others to respond to questionnaires related to greenhouse gas emission reductions, water resource protection, and forest conservation. Based on the collected responses, it conducts an evaluation on an 8-point scale (A, A-, B, B-, C, C-, D, D-), which is then published. In 2022, approximately 24,000 organizations around the world, including more than 23,000 companies, representing two thirds of total global market capitalization, and more than 1,100 municipalities, disclosed data through the CDP in collaboration with more than 740 institutional and other investors whose assets under management come close to 130 trillion US dollars.
[Contact for inquiries]
Corporate Communications, Air Water Inc. E-mail：info-h@awi.co.jp
