YKK Corporation earned a new accolade for being a transparent supplier.
CDP, the international environmental non-profit focused on measuring and reporting companies’ environmental impact, selected the trims manufacturer as a “Supplier Engagement Leader” for achieving the highest score on its 2022 Supplier Engagement Report.
CDP’s annual Supplier Engagement Rating (SER) assesses how effectively companies engage with their suppliers on climate change issues, based on the CDP climate change questionnaire. It covers governance, targets, value chain (scope 3) emissions, and supplier engagement strategies, and factors in the company’s climate score.
The recognition places the company in the top 8 percent of companies evaluated for supplier outreach on climate change. It is the first time YKK has received it.
The company aims to achieve climate neutrality by 2050. As part of its “YKK Sustainability Vision 2050” sustainability strategy, it is working on five themes—climate change, material resources, water resources, chemical management, respect for people—and 10 SDGs goals related to each of these. Each year, it reports on its progress.
Disclosing information is part of YKK’s “Cycle of Goodness” corporate philosophy which states that “no one prospers without rendering benefit to others.” YKK said being named a Supplier Engagement Leader demonstrates that its governance, targets and initiatives to collaborate with suppliers to reduce greenhouse gas emissions constitute efforts befitting a global leader.
“We aim to replicate this in the next fiscal year and beyond by continuing to promote sustainability through our business activities, products, and technologies with the goal of solving climate change and other societal issues and helping realize a healthy global environment,” said Asako Yoshioka, YKK Corporation VP, sustainability department.
In December 2022, YKK received an “A-” rating from CDP in the 2021 climate change survey. Though production volume increased year-over-year, YKK said it surpassed the GHG emissions target of a 12.6 percent reduction. Scope 1 and 2 GHG emissions fell 18.2 percent, while Scope 3 was down 15.1 percent.
The company said it will aim for the highest “A” rating and continue its efforts to address climate change and strive for transparent information disclosure to achieve Paris Agreement goals.