March 17, 2023
TDK recognized as Leader and awarded an A ranking in the CDP Supplier Engagement Rating for the third consecutive year
- Recognized as Leader in the CDP Supplier Engagement Rating 2022 for the third consecutive year
- Amongst top 8% of companies rated for their supplier engagement on climate change
- TDK continues to prioritize sustainability as part of its commitment to society and pursuit for creation of social value
TDK Corporation (TSE:6762) has been recognized as a Leader, receiving an A ranking, in global environmental non-profit CDP's Supplier Engagement Rating 2022. CDP works on environmental issues such as climate change.
In the Supplier Engagement Rating, the answers provided to the CDP Climate Change Program are used to evaluate the companies by items related to governance, targets, estimation of greenhouse gas emissions in their corporate value chain (SCOPE3), and supply chain engagement. TDK was praised because it promotes environmental activities working with suppliers and discloses SCOPE3 emissions.
CDP is a non-profit that drives companies to engage in environmental issues such as climate change, water security resources protection, and forest preservation and to disclose information, based on requests from global institutional investors who are very interested in environmental issues. In 2022, TDK was selected as Supplier Engagement Leader, one of the top 8% of companies evaluated for their engagement with suppliers on climate change. Inclusion on this list demonstrates that a company is proactively working with their suppliers to ensure that sustainability is present in every part of their value chain. In addition, TDK has received an “A-“ranking in the CDP climate change category and an ‘A List’ for focusing on water security for the third consecutive year.
TDK has established the TDK Environmental Charter, consisting of the “Basic Principle on the Environment” and the “Basic Policy on the Environment”, which make up the entire group's environment policy aimed at contributing to the sustainable development of society. In line with the Charter, TDK formulated its Environmental Vision and Environmental Action Plan as a fundamental framework for implementing specific environmental activities and initiatives. To pass on a healthier global environment to the next generation, TDK aspires to lead society as it carries out environmental protection activities quickly and effectively with special consideration for climate change and biodiversity. For its supplier engagement initiative in particular, under TDK's purchasing principle "Global Partnership Purchasing”, TDK has created “TDK Green Procurement Standard” to work together with suppliers to enhance environmental activities, such as checking suppliers' environmental activities and providing feedbacks on the results, furthermore conducting dialogue with environmental department personnel to select supplier awards.
In TDK’s recent medium-term plan, “Value Creation 2023,” the pursuit of “social value,” which aims at contributing to the realization of a sustainable society by solving social issues, is set as an objective for all business activities. TDK will implement a cycle of increasing “commercial value” and “asset value” while furthering “social value.”
To realize 2CX (customer experience and consumer experience) by providing solutions that satisfy customers and consumers and experiences that exceed expectations, the TDK Group aims to become an invaluable presence by aiding energy transformation (EX) and digital transformation (DX), two major social issues.
Based on this principle, the TDK Group will carry out environmental protection activities quickly and effectively with special consideration for climate change, biodiversity, and the finitude of resources. Through its innovative core technologies and solutions, the company will advance the development of a sustainable society, helping to ensure that future generations worldwide have access to clean and safe water supplies.
The full list of this year’s Supplier Engagement Leaders is available at this link, along with other publicly available company scores:
Get in Contact
Sales Network & Sites
If you are interested in our products, you will find here an overview of our worldwide sales offices, which you can contact quickly and easily