Toray Industries, Inc.
Tokyo, Japan, November 11, 2021 – Toray Industries, Inc., announced today that it has become the sole commodity chemicals company among the 50 assigned an MSCI ESG Rating
(see note 1) to obtain a coveted AAA.
This achievement is testament to Toray’s progress in deploying carbon dioxide emissions reduction and other climate change measures, developing eco-friendly technologies and commercializing products employing them, and managing water resources.
| MSCI Inc. states that MSCI ESG Rating “measures a company’s resilience to long-term, industry material environmental, social and governance (ESG) risks.” It compares companies with peers worldwide on that basis, and assigns leader (AAA, AA), average (A, BBB, BB), and laggard (B, CCC) ratings. In Japan, just 15 companies from all industries have AAA ratings. |
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In keeping with its corporate philosophy of contributing to society by creating new value with innovative ideas, technologies, and products, Toray strives relentlessly to create advanced materials that help resolve key social issues.
The company will continue to help materialize the United Nations’ Sustainable Development Goals and the Paris Agreement’s objectives.
The company is endeavoring under the Toray Group Sustainability Vision, formulated in July 2018, to contribute to the following for the world by 2050:
- A net zero emissions world, where greenhouse gas emissions are completely offset by absorption
- A world where resources are sustainably managed
- A world with a restored natural environment, with clean water and air for everyone
- A world where everyone enjoys good health and hygiene
Corporate Social Responsibility is a top management priority for Toray. As well as helping resolve social issues through business, the company tackles such ESG challenges as safety, accident prevention, environmental preservation, ethics, and compliance.
Toray will keep disclosing information appropriately in serving its diverse stakeholders.
Notes
| 1. |
MSCI is a financial services company based in New York City. It is listed on the New York Stock Exchange and provides a range of critical decision support tools and services for public pension funds, asset management firms, hedge funds, and other institutional investors around the world.
The MSCI website is:https://www.msci.com |
| 2. |
The use by Toray Industries, Inc., of data, logos, trademarks, service marks or index names from MSCI ESG Research LLC or its affiliates (MSCI) does not constitute MSCI’s sponsorship, endorsement, or promotion of Toray. MSCI’s services and data are the property of MSCI or its information providers, and are provided “as is” without any representation or warranty of any kind. The MSCI name and logo are trademarks or service marks of MSCI. |
References
Toray Group Sustainability Vision
https://www.toray.com/global/sustainability/
Toray Group Corporate Social Responsibility
https://www.toray.com/global/sustainability/stance/
