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Yokohama Rubber in CDP’s 2022 Climate Change A List – India Education | Latest Education News | Global Educational News

Tokyo: The Yokohama Rubber Co., Ltd. proudly announces that it has again been recognized for leadership in corporate sustainability by the non-profit global environmental organization CDP, which named Yokohama Rubber to its prestigious A-List for tackling climate change on December 13. Yokohama Rubber’s selection recognizes its efforts to reduce emissions, mitigate climate risks and develop the low-carbon economy, based on its responses to the CDP’s 2022 Climate Change Questionnaire, which scored more than 10,000 companies worldwide. This is Yokohama Rubber’s fourth time on the A-list, having been selected in 2016, 2019 and 2020.

CDP is a global non-profit organization that aims to achieve a sustainable economy by encouraging businesses and governments to reduce greenhouse gas emissions, safeguard water resources and protect forests. It leverages the power of investors and buyers to motivate companies to disclose and manage their environmental impacts. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard for corporate environmental transparency. By 2022, more than 680 investors with more than US$130 trillion in assets and 280 major buyers with US$6.4 trillion in procurement spending asked companies to disclose environmental impact, risk and opportunity data through CDP’s platform. A record number of 18,700 companies responded.

The sustainability initiatives included in Yokohama Transformation 2023 (YX2023), Yokohama Rubber’s mid-term management plan for fiscal years 2021-2023, are based on the concept of “Caring for the Future”. By implementing sustainability initiatives under this concept, Yokohama Rubber seeks to solve social problems through its business activities. Yokohama Rubber is also implementing environmental initiatives based on a three-pillar strategy aimed at achieving carbon neutrality, a circular economy and coexistence with nature, and has established a roadmap for achieving medium to long-term goals in each of these pillars. The company’s efforts to achieve carbon neutrality follow a two-pronged approach that combines measures to reduce carbon emissions and carbon negative activities such as the YOKOHAMA Forever Forest, which has planted trees at Yokohama Rubber sites in Japan and abroad. Through such efforts, Yokohama Rubber aims to be carbon neutral on a company-wide basis by 2050.

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