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Communication with Government Agencies and Other Organizations
With the aim of helping to realize a sustainable society, Toray Group is advancing initiatives to address social issues in collaboration with governmental agencies and various organizations. While aligning with international environmental policies and goals, the Group also complies with all relevant laws and regulations in locations where it operates, as part of efforts to fulfill its corporate responsibilities.
Regarding challenges faced by local communities and sustainability themes, the Group seeks effective measures through dialogue and cooperation with governmental bodies and organizations, striving to create social value.
The following are the main committees and subcommittees in which Toray Group participates, as well as collaborative projects with government agencies, and other relevant initiatives and frameworks.
1. Committees and subcommittees related to policy and regulatory compliance
Economics and General Industry:
- Nippon Keidanren (Japan Business Federation)
Sub-Committee on Global Environment, Committee on Environment
Committee on Responsible Business Conduct & SDGs Promotion
Keidanren Nature Conservation Council
Chemical and Textile Industries:
- Japan Chemical Industry Association: Technical Affairs Committee
- Japan Chemical Fibers Association: Sustainability Steering Committee
- Japan Textile Federation: Environment and Safety Committee
Environmental and Technology Promotion:
2. Government Collaboration and Joint Projects
3. Initiatives, Industry Collaboration, and Frameworks
International Initiatives:
Domestic Industry Collaboration and Collaboration Frameworks:
- Japan Clean Ocean Material Alliance (CLOMA)
- Carbon Recycling Fund Institute (CRF)
- Japan Partnership for Circular Economy (J4CE)
- Japan Hydrogen Association (JH2A)
- Fuel Cell Commercialization Conference of Japan (FCCJ)
- Clean Fuel Ammonia Association (CFAA)
- SusPla (Sustainable Plastics Initiative) (available only in Japanese)
- Japan Sustainable Fashion Alliance (JSFA) (available only in Japanese)
Climate Action 100+ Recognizes Toray’s Climate Change Initiatives
Since 2019, Toray Industries, Inc. has been engaging in ongoing dialogue with lead investors of Climate Action 100+, a global investor-led initiative that promotes corporate action on climate change toward achieving net zero by 2050. Toray’s climate change efforts were featured in the Progress Update 2023 (2.02MB)PDF issued by Climate Action 100+.
In particular, the report highlights the significant strengthening of greenhouse gas emission reduction targets in Toray’s Medium-Term Management Program established in 2023. The target for reducing greenhouse gas emissions per unit of revenue has been raised from the previous 30% to more than 50% (compared to fiscal 2013 intensity). Additionally, a new target has been set to reduce emissions from domestic production activities by more than 40% by 2030.
Climate Action 100+ welcomes these ambitious targets and expressed its expectations for Toray Industries to establish even more concrete Scope 3 emission reduction targets and to accelerate its transition to clean energy.