2019.1.22Selection of the FUJI OIL HOLDINGS for the Forest A List by the CDPFuji Oil Holdings has been recognized as a company that is tackling deforestation by environmental impact non-profit CDP, achieving a place on the CDP Forests A List.
Every year thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2018, companies were requested to do so by over 650 investors with over US$87 trillion in assets and/or 115 major purchasing organizations with US$3.3 trillion in purchasing power. Companies receive scores of A to F- for how effectively they are tackling climate change, deforestation and water security.
CDP’s scoring for forests recognizes company’s actions in the last reporting year to tackle deforestation in its supply chain with sustainable sourcing of key commodities linked to deforestation globally, based on their 2018 disclosure to CDP. The scoring is done through the lens of the four commodities that cause most deforestation: timber, cattle, soy and palm oil. Companies need to score an A on at least one of these forest-risk commodities to get onto the Forests A List.
In connection with palm oil, one of the main materials of the Fuji Oil Group, we formulated our Responsible Palm Oil Sourcing Policy in March 2016. In this policy, we pledge to society that we will aim for no deforestation, no peat, and no exploitation. In accordance with this policy, we are promoting agenda including increased traceability, activities for supply chain improvement in coordination with NGOs and suppliers, and assistance for small-scale farmers. Our selection for the Forest A List, even though activities for attainment of the sourcing policy goals have not yet been completed, was presumably due to recognition of our efforts to lower forest risks through these activities.
Information on the progress of activities under the Fuji Oil Group Responsible Palm Oil Sourcing Policy is available for viewing at the following URL.
The Fuji Oil Group’s vision is “to contribute to the society by creating the future of delicious and healthy foods.” To realize this vision, we are practicing ESG-minded management for contribution to a sustainable society through our business activities. In the future as well, we are going to continue steadily engaging in dialogue and coordination with all of our stakeholders on activities for building a sustainable society, including sustainable sourcing and action on the environment.
About CDP https://www.cdp.net/en
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change.