Dec. 08, 2021
Komatsu Ltd. (President and CEO: Hiroyuki Ogawa) (hereinafter "Komatsu") has been awarded a position on this year’s A List for climate change and water security by CDP*, the non-profit global environmental disclosure platform.
The A List is awarded to companies which are recognized as international leaders of managing climate change and water security.
Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2021, over 590 investors with US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and a record number of about 13,000 companies responded. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Komatsu has conventionally positioned environmental activities as one of top management priorities. In the mid-term management plan, Komatsu has also defined ESG as one of management targets and implemented aggressive activities. In order to significantly reduce CO2 emissions in the entire lifecycle of construction and mining equipment, Komatsu has been promoting the introduction of electrified equipment such as batteries and hybrids, and has also started the development of "power agnostic concept truck" that can run on a variety of power sources. By enabling efficient operation through automatic operation and remote control using sophisticated digital technologies, Komatsu is also determined to drive its activities to realize a low-carbon society as an industrial leader.
In addition, Komatsu has upheld the new long-term vision of achieving carbon neutrality, virtually zero carbon emissions, by 2050, in the integrated report in 2021. Through climate change risk and opportunity assessments and scenario analyses based on TCFD already endorsed, Komatsu will pursue increasing our resilience against climate change impacts. At the same time, Komatsu will advance climate change and water security response measures through a healthy dialogue with stakeholders.
- Paul Simpson, CEO of CDP, said: “Many congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report. The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
*CDP: CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.
The full list of companies that made this year’s CDP A List are available here, along with all other public company scores:
https://www.cdp.net/en/companies/companies-scores
