Tokyo, Japan - December 9, 2020
Yokogawa Electric Corporation (TOKYO: 6841) announces it has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious A List for tackling climate change, as well as acting to protect water security – two of the three environmental themes covered by CDP. Out of the 5,800+ businesses that were evaluated, Yokogawa is one of a small number of companies to achieve a double A score. This serves as clear evidence of the global leadership that the company has demonstrated through its setting of ambitious targets, action, and transparency in measures that seek to address climate change and water security risks.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.
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.
Hitoshi Nara, president and chief executive officer of Yokogawa, commented, “In addition to being recognized for water security last year, we are honored to have been also included in this year’s A List for climate change. As we all know, climate change is having an increasingly serious impact on our earth, as evidenced by the rising frequency and severity of weather-related natural disasters. Through our sustainability efforts, we will continue to join hands with the global community to tackle issues such as resource shortages and climate change.”
From implementing the control systems at Japan’s largest wind farm to supplying the monitoring systems for a key water transmission pipeline in Saudi Arabia, Yokogawa continues its relentless pursuit of the goals of achieving net-zero emissions, making a transition to a circular economy, and ensuring the well-being of all by 2050, thus making the world a better place for future generations.
Paul Simpson, chief executive officer of CDP, said, “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.
Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains. The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability. Yokogawa co-innovates with its customers through a global network of 114 companies spanning 62 countries, generating US$3.7 billion in sales in FY2019. For more information, please visit www.yokogawa.com.
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