OMRON Rated "A-" in the CDP Climate Change Report 2019
- February 18, 2020
OMRON Corporation announced today that it has been rated "A-" in the Climate Change Report 2019 issued by the CDP*1, an international non-profit organization that runs a global environmental disclosure system, for its outstanding leadership in environmental performance and disclosure transparency .
Each year, the CDP conducts a survey on climate change, deforestation, and water security at companies, scores them in terms of how effectively they respond to such challenges from A to D-, and releases the findings of these surveys in its annual Climate Change Report. This year, the CDP surveyed over 8,400 companies globally.
Based on the philosophy that "business should create value for society through its key practices", OMRON has dedicated itself "to improve lives and contribute to a better society through our businesses." Since its foundation. To combat climate change, in July 2018, we set OMRON Carbon Zero as a new target aiming to eliminate greenhouse gas emissions by the year 2050, thus accelerating efforts to reduce greenhouse gas emissions from our business activities. Meanwhile, we declared our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD*2) in February 2019, and disclosing information accordingly. It is our understanding that the "A-" rating has been given to OMRON in recognition of these initiatives to address climate change.
Under the OMRON Principles, OMRON will continue to accelerate its efforts to address climate change, consistently enhance its corporate value, and meet the expectations and trust of its stakeholders, in the pursuit of the sustainable development of society.
*1 About the CDP
The CDP is a non-profit organization (NPO) founded in the U.K. in 2000. Backed by investors the world over, it conducts surveys on climate change and water resources management initiatives at private companies, then analyzes and releases the findings of these surveys to the public. This year, the CDP surveyed over 8,400 companies globally on behalf of more than 525 institutional investors representing more than 96 trillion U.S. dollars in managed assets.
*2 About the TCFD
The Task Force on Climate-related Financial Disclosures was established by the FSB, an international organization in which central banks and financial regulators of major countries are participating. As of this writing, over 550 organizations, including financial institutions, private enterprises, and governments around the globe, have declared their support for the TCFD Guidance.