AGC Receives Highest Rating for Climate Change Efforts by CDP
Courtesy of AGC.
AGC, a manufacturer of glass, chemicals, and high-tech materials, has been recognized as a CDP A-list company for 2022 for its advanced environmental initiatives and proactive information disclosure. This A-list recognition is based on the annual questionnaire on climate change conducted by CDP, an international non-profit organization addressing environmental issues, such as climate change.
CDP uses a detailed and independent methodology 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. Based on data reported through CDP’s 2022 Climate Change questionnaire, AGC is one of a small number of companies that achieved an A out of the more than 10,000 companies scored.
The AGC group says it has set the promotion of sustainability management as one of its key strategies, and it is aiming for a net-zero carbon footprint by 2050. As a milestone, in 2021, the AGC group declared the interim targets of a 30% reduction in GHG emissions in Scope 1 and Scope 2, and a 50% reduction in GHG emissions per unit of sales in Scope 1 and Scope 2 by 2030. In 2022, the group declared a new target of 30% reduction in Scope 3, and also applied for SBT certification by SBTi, an international climate change initiative. In addition to the announcement of this new target, the AGC group clarified its stance on proactively tackling issues to create the value it aims to achieve by taking measures, such as strengthening its efforts to encourage suppliers to achieve the Scope 3 reduction target. These efforts are believed to have led to the evaluation by CDP.
For more information, visit: https://www.agc.com/.
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