Tokyo, Japan - December 16, 2022
Yokogawa Electric Corporation has been recognized for leadership in corporate transparency and performance on water security by global environmental non-profit CDP*, securing a place on its annual 'A List' in this area for the third time. Based on data reported through CDP's 2022 Water Security questionnaire, Yokogawa Electric is one of a small number of companies that achieved an 'A' out of more than 10,000 companies assessed. The evaluation reflects how the company continues to demonstrate leadership through ambitious targets, action, and transparency regarding sustainable water management.
Yokogawa Electric has set the number of solutions provided for water environment improvement and the amount of water used at Yokogawa sites as key performance indicators (KPIs). In the water business, Yokogawa has already been involved in more than 1,000 projects in various countries around the world, including the water infrastructure business in Japan. Utilizing its extensive experience and digital solutions cultivated through these projects, it is working to solve increasingly serious water issues. In 2021, the company received an order to build a water supply management system in Senegal, which will improve access to safe water and prevent water leakage, and in 2022, an order was received from the capital of Ethiopia for an integrated water facility management system. Through such activities, the company is providing solutions for improving water supply and sewage infrastructure around the world.
Regarding initiatives at Yokogawa business sites, the company is working to reduce water intake by improving production processes and introducing water-saving systems for tap water used in offices. Furthermore, in regions where securing water resource is a serious challenge, Yokogawa is promoting measures related to water resources such as monitoring water usage and securing alternative water resources.
CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP's platform. A record-breaking 18,700 companies responded. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
The full list of companies that made this year's CDP A List is available here:
* 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 680 financial institutions with over $130 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. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of 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.
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Yokogawa has been providing control solutions for sustainable water production by developing more energy-efficient technology, helping to reduce the carbon footprint of operations, and building rock-solid products that protect the environment from contaminants. With our leading-edge technology and extensive application know-how, we work with you to provide sustainable water solutions that boost your business and add high value throughout the plant lifecycle. Our technology and products improve the performance of plants and ensure that they can operate competitively in today's water markets, and also reduce their running costs. Yokogawa supports a wide range of water control applications in both the municipal and industrial water markets.