TOKYO--(BUSINESS WIRE)--Japan Tobacco Inc. (JT) (TSE: 2914) has once again been recognized for its leadership in corporate sustainability by the global environmental non-profit organization CDP. JT achieved a place on CDP's prestigious "A List"1 for tackling climate change for the fourth consecutive year.
JT is one of 283 companies in the world and 74 companies in Japan that were included on the "Climate Change A List", out of more than 15,000 companies participating in the CDP environmental disclosure program in 2022. This marks JT's fifth recognition for climate change following 2016, 2019, 2020 and 2021.
In 2019, the JT Group launched the “JT Group Environment Plan 2030”, reflecting changes in its business environment, with energy and emissions, natural resources and waste as key focus areas. Specific examples of measures the Group is taking to reduce its contribution to climate change, include the introduction of renewable energy and the reduction of greenhouse gas emissions from business activities as well as from the raw materials and services it purchases.
Hisato Imokawa, Senior Vice President, Chief Sustainability Officer, said:
"We are honored that JT has been included on the CDP’s 'Climate Change A List' for the fourth consecutive year. This inclusion reflects our continued efforts to reduce our environmental footprint and expand our transparency in disclosing information. As a leading international company, we believe that addressing global environmental concerns, especially those relating to climate change, forms the basis of our business management.
In February 2022, we updated our targets for ’Energy and Emissions’ in the ‘JT Group Environment Plan 2030’, aiming to achieve carbon neutrality by 2030 and Net-Zero greenhouse gas emissions across our entire value chain by 2050.
The JT Group will continue to contribute to the sustainable development of society by further fulfilling our responsibility to the environment and maintaining the trust of our stakeholders.”
JT Group’s 2030 Greenhouse Gas (GHG) reduction targets in relation to Scope 1, 2 and 3 emissions have been deemed to be in conformance with the criteria set by the Science Based Targets Initiative (SBTi).
Society’s interest in ESG and its demands on companies are increasing year by year, and it is essential for companies to work on improving their sustainability initiatives, to ensure continuous growth. In light of this, the JT Group has placed sustainability at the forefront of its management agenda, and our employees are working hand-in-hand to address ESG issues. To ensure that a healthy and sustainable environment is passed on to future generations, the JT Group is committed to achieving a balance between corporate activities and environment preservation by addressing environmental challenges in wider society as well as in the Group’s value chain.
CDP (HQ: London) is the leading international non-profit organization that accelerates action to achieve sustainable economies, assessing disclosure and actions by companies from around the world. Representing over 680 investors with assets of USD 131 trillion, CDP sends out questionnaires to companies listed on stock exchanges worldwide, asking them about their activities for reducing greenhouse gas emissions and safeguarding water resources, then evaluates the answers and publishes the scores.
1 CDP scores companies from D- to A based on their environmental performance, which starts with disclosure, and progresses to awareness, management, and finally to leadership. CDP's A List recognizes the world's companies leading on environmental performance.
Japan Tobacco Inc. is a leading international tobacco company with operations in more than 130 countries and regions. With approximately 55,000 employees, it manufactures and sells some of the world’s best-known brands including Winston, Camel, MEVIUS and LD. The JT Group is committed to investing in Reduced-Risk Products (RRP) and currently markets its heated tobacco products under its Ploom brand and various e-cigarette products under its Logic brand. The Group is also present in the pharmaceutical and processed food businesses. For more information, visit https://www.jt.com/.