Fuji Oil Group received double "A" score on forests and water security and an "A-" score on climate change from CDP
The Fuji Oil Group was recognized as a leading company in corporate sustainability by global environmental non-profit CDP. The Group was selected for CDP’s A-list for its global activities in terms of corporate environmental goal setting, action, and transparency in measures against climate change, water security, and deforestation.
Based on the data reported to CDP’s 2022 Forests and Water Security questionnaires, the Fuji Oil Group is one of a small number of companies that achieved a double ‘A’ score, out of more than 18,700 companies.We have been in the Forest A-list for five years in a row and on the Water Security List for three years.
CDP's annual environmental disclosure and assessment process is widely recognized as the global standard for corporate environmental disclosure. Using a proprietary methodology, CDP assigns a score from A to D- based on the comprehensiveness of the disclosure, the recognition and management of environmental risks, the setting of ambitious targets, and other activities in the environmental field.
This year, over 680 investors with over US$130 trillion in assets and 280 purchasing organizations with US$6.4 trillion in purchasing power requested companies to disclose data on environmental impacts, risks and opportunities through the CDP platform.
Mikio Sakai, President and CEO of Fuji Oil Holdings Inc. said:
“We are very honored to achieve a double-A score on forests and water security and an A- score on climate change, I would like to express my gratitude to all the Group's employees and stakeholders who have supported our Sustainable activities. We, at Fuji Oil Group, will enhance sustainability initiatives working as one team. Together with our stakeholders, we will co-create a sustainable future for food, based on plant-based ingredients that are both delicious and healthy. “
Fuji Oil Group is working to solve social issues by providing healthy, tasty, and sustainable plant-based food ingredients that reduce environmental impact and respect the human rights of stakeholders throughout the supply chain. We have announced a sustainable procurement commitment for palm oil, cocoa, soybeans, and shea kernels, which are the main raw materials used as a starting point for such activities, and are working on sustainable procurement to prevent deforestation and eliminate child labor.
Dexter Galvin, Global Director of Corporations and Supply Chains at CDP said:
“Congratulations to all the companies on this year’s A List; environmental transparency is the first vital step towards a net-zero and nature-positive future.
In a year of ever-increasing environmental concerns around the world – from extreme weather to unprecedented losses to nature – the need for transformational, urgent and collaborative change is more critical than ever. We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature. As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List – and those wanting a place on it – do the same.”
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About Fuji Oil Group
The Fuji Oil Group is a manufacturer of plant-based food solutions in the fields of hard butters for chocolate and industrial use chocolate; emulsified and fermented ingredients including cream, margarine, and cheese-flavor ingredients; and soy ingredients. With Headquarters in Japan, the Group has 34 companies in 14 countries and employees nearly 5700 talented people. With a focus on tropical oils and fats, we began developing business overseas at an early stage. Similarly, in the belief that soy and other vegetable proteins will contribute to human health and the environment, we have been engaged in research and development and business use of them for more than half a century.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions.
Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.
Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.
Senior Manager, Corporate Communication Group