Feb. 06, 2024
Komatsu Ltd. (President and CEO: Hiroyuki Ogawa) (hereinafter "Komatsu") has been awarded a position on the A List 2023 for climate change and water security by CDP*, the non-profit global environmental disclosure platform.
The A-List is awarded to companies which are recognized as international leaders of managing climate change and water security.
Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Komatsu has conventionally positioned environmental activities as one of top management priorities. In 2021, Komatsu upheld the new long-term vision of achieving carbon neutrality, virtually zero carbon emissions, by 2050. In the mid-term management plan “DANTOTSU Value – Together, to ‘The Next’ for sustainable growth”, which began in April 2022, Komatsu has also defined carbon neutral by 2050 as a challenging target and implemented aggressive activities. In order to significantly reduce CO2 emissions in the entire lifecycle of construction and mining equipment, Komatsu aims to introduce electrification equipment and is advancing to develop "power agnostic concept truck" that can run on a variety of power sources including fuel cells and hydrogen engines. By enabling efficient operation through automatic operation and remote control using sophisticated digital technologies, Komatsu is also determined to drive its activities to realize a low-carbon society as an industrial leader.
Through climate change risk and opportunity assessments and scenario analyses based on TCFD, Komatsu will pursue increasing our resilience against climate change impacts. At the same time, Komatsu will advance climate change and water security response measures through a healthy dialogue with stakeholders.
“Congratulations to all the companies on CDP’s A List, and those companies that started or accelerated their journey towards environmental transparency in 2023 – we saw a 24% increase of disclosures last year and that trajectory is to be applauded. It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future. Earning a place on the A List is about more than the score. It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions. As we move deeper into the Decade of Action, and as CDP continually raises the bar for what represents environmental leadership, the work of A List companies is never complete. We look forward to seeing all companies turn their commitments into further and more meaningful and effective action.”
*CDP: 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 740 financial institutions with over $136 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. Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds 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.
The full list of companies that made CDP A List 2023 are available here, along with all other public company scores:
No : 0085(3308)
Corporate Communications Department
Sustainability Promotion Division
*The information may be subject to change without notice.