Participation in and Endorsement of Initiatives
YKK AP endorsed the ideals advocated by the United Nations Global Compact (UNGC) and signed on to the compact in May 2021.
We support the 10 principles of the UNGC, in the areas of human rights, labor, environment and anti-corruption. As we actively work to instill these principles throughout YKK AP, we strive for an even higher level of sustainability management. Communicating information about these initiatives to our stakeholders as well, we are contributing toward the realization of a sustainable society.
The Ten Principles of the UN Global Compact
What is the UN Global Compact (UNGC)?
The UNGC is a global sustainability initiative aimed at realizing a sustainable society through cooperation between the UN and private enterprises and organizations. Firms and organizations from four domains have signed on and endorsed the UNGC, and the compact calls for continued effort toward sustainable growth on the basis of 10 principles.
YKK AP has endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) since May 2019.
On the basis of the TCFD's recommendations, we conduct scenario analysis of the impact on our business and finances in relation to both climate-related risks and opportunities, and reflect the results in our management strategies.
What is the Task Force on Climate-Related Financial Disclosures (TCFD)?
The TCFD is an international initiative established by the Financial Stability Board (FSB) in 2015; it was formed in the context of calls from international organizations for greater information disclosures by firms and organizations on their climate change efforts.
Our aim of reducing greenhouse gas emissions by 2030 on the basis of the scientifically grounded benchmark of "Well Below 2°C" was recognized by Science Based Targets initiative (SBTi) in February 2021.
Specifically, we aim to cut our direct emissions by 50% and indirect emissions by 30% relative to 2013 levels. To achieve this objective, we have strengthened our climate efforts by tripling our investments in renewable energy relative to 2020 levels and aiming for carbon neutrality by 2050.
What is the Science Based Targets Initiative?
The SBTi is a joint initiative by the WWF, CDP, World Resources Institute (WRI), and UN Global Compact. It aims to promote the setting of scientifically informed reduction targets among companies to realize the Paris Agreement's objective of "limiting temperature increases to less than 2°C relative to pre-Industrial-Revolution levels."
The Japan Climate Initiative (JCI) has appealed to companies, local governments, organizations, NGOs, and others to heed its call for the acceleration of renewable energy adoption and the strengthening of Japanese government measures against climate change, and YKK AP has supported this call since 2022.
What is the Japan Climate Initiative (JCI)?
The Japan Climate Initiative (JCI) is a network established in 2018 to strengthen dialogue and information exchange between entities, such as companies, local governments, and NGOs that are actively involved in climate change measures.
YKK AP Inc. has been certified as an Eco-First Company in the Eco-First Program run by the Ministry of the Environment, 2023, and was recognized as a company engaged in advanced, unique, industry-leading business activities in the environmental field (environmentally advanced company in its industry).
What is an Eco-First Company?
The Ministry of the Environment started this program in 2008 to encourage efforts by environmentally advanced companies in various industries. These companies declare to the minister of the environment their Eco-First Commitments, consisting of environmental conservation initiatives (including mitigating global warming, measures related to waste and recycling, and other efforts). The minister of the environment certifies them as members of the Eco-First Program - companies engaged in advanced, unique, industry-leading business activities in the environmental field.
YKK AP has endorsed the "GX League Basic Concept" announced by the Ministry of Economy, Trade and Industry and is participating in the GX League.
Companies that are participating in the GX League are expected to drive the greening of their market through their goods and services and through emissions reduction efforts that are aimed at not only their business operations but also those along the supply chain.
What is the GX League?
Based on the "GX League Basic Concept" unveiled by the Ministry of Economy, Trade and Industry in 2022, the GX League is a platform for companies that are proactively involved in GX (green transformation) to engage in dialogue with movers in government, academia, and finance to bring about economic, social, and overall systemic change. It is also a platform where companies can implement GX to open up new markets.