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Daiichi Sankyo recognized as global leader for engaging its supply chain on climate change
Daiichi Sankyo has been listed on Supplier Engagement leaderboard by CDP,* an international non-profit organization influential in the field of the environment, as a result of its evaluation of our initiatives to address climate change and activities to reduce greenhouse gas emissions in our supply chain.
CDP has developed a program to evaluate suppliers’ initiatives to address climate change, based on requests from companies. This year, it evaluated more than 4,800 companies with respect to their initiatives to reduce greenhouse gas emissions and risks in their supply chains. Of the 159 companies awarded a position on the Supplier Engagement leader board, 28 are Japanese, including Daiichi Sankyo.
CDP’s annual environmental disclosure and its process for evaluating it is widely recognized as a standard for corporate environmental disclosure. In 2019, it carried out examinations as the representative of 525 institutional investors with US$96 trillion in total assets and 125 companies/entities with combined purchasing power of US$3.6 trillion. More than 8,400 companies accounting for over 50% of global market capitalization disclose environmental data through CDP.
The Daiichi Sankyo Group is promoting environmental management based on the recognition that environmental issues such as global warming and extreme weather are risk factors that impact long-term business, in addition to having great importance that impacts our work and life. We believe that promoting environmental management is connected to the realization of a sustainable society and will form the basis for long-term corporate growth. In April 2019, we became the first Japanese pharmaceutical manufacturer to express support for the Task Force on Climate-related Financial Disclosure (TCFD), which was established to encourage companies to disclose information about the risks and opportunities presented by climate change in business activities. We see “Climate Action,” Goal 13 in the SDGs (Sustainable Development Goals), to be an important issue within environmental management, and in response to stakeholders’ expectations, we will continue to deepen our understanding of the risks and opportunities presented by climate change, and engage in environmental and social activities together with our suppliers, who are our business partners.
*CDP, based in the UK, is an international NGO working in the field of the environment, including climate change. It requests major companies and cities around the world to disclose information on what initiatives they take to address climate change and water management, and examines/evaluates them. It conducts examination with the support of institutional investors and is one of the assessment bodies that investors trust the most.