MOSCOW (MRC) -- Toyobo Co., Ltd. has been selected as a Supplier Engagement Leader – the highest ranking – in CDP’s1 Supplier Engagement Rating assessment for the second consecutive year. CDP is a British not-for-profit organization that runs a global disclosure system on supply chain environmental impacts, said Polymerupdate.
CDP’s Supplier Engagement Rating assessment evaluates a company’s engagement with itssupply chain on climate change issues, based on its answers to a questionnaire on governance, targets, scope 3 emissions*2 and supply chain engagement. In 2022, CDP selected the top eight percent of 653 companies, including 131 Japanese firms, as Supplier Engagement Leaders.
Toyobo believes CDP highly evaluated its endeavors in partnership with suppliers and clients to reduce environmental impacts and promote resource circulation in the entire corporate supply chain. Toyobo is making these efforts based on the Toyobo Group Fundamental Policy on the Global Environment and CSR Procurement Guidelines.
Recognizing climate change as a major risk to its business operations, the Toyobo Group will spearhead undertakings to address climate change together with its stakeholders. Also, as stated in Sustainable Vision 2030*3, its long-term vision unveiled on May 26, 2022, the group commits itself to contributing to realizing a “decarbonized and circular society” throughout the corporate supply chain by providing its own products and solutions.
We remind, Toyobo Co., Ltd. has agreed to set up a joint venture firm to produce yarns for automobile airbags with Bangkok-based Indorama Polyester Industries PCL (IPI), which is under the umbrella of the world’s largest polyethylene terephthalate (PET) producer, Indorama Ventures PCL (IVL), as per Toyobo's press release.
The joint company plans to build a new plant on the IPI factory site in Rayong Province, Thailand, and start operations in 1st Quarter of 2022.