Furukawa Electric Selected for CDP’s Supplier Engagement Rating Leaderboard for Second Consecutive Year

To contribute toward achieving sustainable development goals (SDGs) and realize the Furukawa Electric Group Vision 2030 plan (hereafter, “Vision 2030”), the Furukawa Electric Group is working to strengthen its ESG (Environment, Society, and Governance) management, in order to achieve improved corporate value over the medium to long term, with ESG at its foundation. For the Group to achieve sustainable growth, we have identified the roll-out of business activities that take climate change into consideration as one of our top management priorities (a materiality) for achieving Vision 2030, and we are promoting measures to counter climate change and disclose related information.

In recent years, extreme weather events occurring in various parts of the world have affected the Furukawa Electric Group’s business activities. In response, the Group has strengthened its environmental management systems throughout its business activities by establishing the Environmental Targets 2030 plan, and has promoted the disclosure of information, such as by responding to questionnaires from CDP and publishing integrated reports and sustainability books. These actions led to Furukawa Electric being selected by CDP as a Climate Change A-list company, its top rating, in December last year. Further, recently, we have also been rated highly for our grasp of volumes of greenhouse gas emissions, transparency, target setting, and actions in our climate change measures across the entire supply chain, and for our proactive disclosure of information in these regards. This has resulted in our selection for the Supplier Engagement Rating Leaderboard for the second consecutive year.

To contribute toward the achievement of our SDGs and realize Vision 2030, we will continue to promote energy conservation activities at our plants and works, as well as the use of renewable energy sources such as hydroelectric power, which we have been using continuously for over a century, and solar power. We will also promote initiatives throughout the value chain to achieve our 2030 greenhouse gas reduction target, while also enhancing information disclosure and increasing the credibility of our initiatives, thereby strengthening our relationships of trust with stakeholders.