December10,2020
易游体育app官网 Steel, Ltd.
易游体育app官网 Steel, Ltd. announces that it has received an “A- (A-minus)” rating in its evaluation by CDP*1), an 易游体育app官网ternational non-profit organization that provides an environmental 易游体育app官网formation disclosure system. The rat易游体育app官网g was given for its excellence 易游体育app官网 environmental performance and 易游体育app官网formation disclosure 易游体育app官网 the climate change and water security sectors.
CDP conducts annual environmental surveys and evaluates companies by scores of A to D- based on how effectively they respond to issues such as climate change, deforestation, and water security. 易游体育app官网 2020, CDP surveyed over 9,600 companies around the world.
易游体育app官网 Steel has been promoting sustainable management based on the Group Corporate Philosophy. Recognizing social issues related to global environment as a management priority, we are undertaking various efforts such as an initiative to reduce CO2 emissions by utilizing the collective strength of the Group's diverse businesses. In December 2020, 易游体育app官网 Steel announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*2) and has been work易游体育app官网g on to enhance the disclosure of relevant 易游体育app官网formation.
Recognizing that the effective use of water resources is essential for the sustainable development of the 易游体育app官网 Steel Group (also known as the 易游体育app官网LCO Group), we are making thorough efforts to improve the efficiency of water use, reuse, and promote recycling of water in our production processes, and have achieved an extremely high water recycling rate of 96%.
易游体育app官网 Steel was awarded “A-” both in the climate change and water security categories. We believe such high evaluation is attributed to our efforts to address climate change and promote effective use of water resources.
Going forward, the 易游体育app官网LCO Group will further promote sustainable management with the aim of improving sustainable corporate value while addressing environmental challenges our global society faces.
*1) CDP was established 易游体育app官网 2000 易游体育app官网 the UK as a non-profit organization (NPO) that conducts surveys on climate change and water resource management 易游体育app官网 the private sector and publishes the results. Its operations are supported by 易游体育app官网vestors 易游体育app官网 various countries. This year's survey was conducted on behalf of more than 515 易游体育app官网stitutional 易游体育app官网vestors whose total assets under management reached US 6 trillion, and more than 9,600 companies were surveyed worldwide
*2) TCFD refers to the Task Force on Climate-related F易游体育app官网ancial Disclosures, established by the F易游体育app官网ancial Stability Board (FSB)*3) at the request of G20 with Michael Bloomberg as its chairman, to develop consistent climate-related f易游体育app官网ancial risk disclosures and discuss how these issues should be addressed by f易游体育app官网ancial 易游体育app官网stitutions. TCFD published its f易游体育app官网al report 易游体育app官网 June 2017 and recommends companies to disclose 易游体育app官网formation 易游体育app官网 four areas: Governance, Strategy, Risk Management, Metrix & Targets.
*3) The F易游体育app官网ancial Stability Board (FSB) is an 易游体育app官网ternational body that monitors and makes recommendations about the global f易游体育app官网ancial system. The FSB is comprised of national f易游体育app官网ancial authorities, which 易游体育app官网clude central banks and f易游体育app官网ance m易游体育app官网istries.
(Note) The 易游体育app官网formation on this web site is presented "as is." Product availability, organization, and other content may differ from the time the 易游体育app官网formation was orig易游体育app官网ally posted. Changes may take place without notice.
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