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ESPEC Certified with a B in the CDP Climate Change Survey

Feb. 15, 2024

ESPEC CORP. (Head office: Kita-ku Osaka City, Representative Director and President: Satoshi Arata) received a B rating—the third-highest of eight ratings—in the FY2023 climate change survey conducted by the CDP*1, an international non-profit organization.

The survey included a system of eight grades (A, A-, B, B-, C, C-, D, and D-) based on an evaluation from the perspectives of goal setting, business strategy, recognition of risks and opportunities, and disclosure of greenhouse gas emissions. ESPEC has received a B score for four consecutive years since FY2020, when the company responded to the CDP voluntary climate change survey for the first time.
This year, ESPEC also responded to the water security survey, which assesses water-related risks, and was certified with a C- score.
ESPEC is committed to reducing greenhouse gas emissions and is currently working toward a 60% reduction in SCOPE 1 and 2 (in-house) emissions and a 30% reduction in SCOPE 3 (indirect) emissions by FY2030 compared to FY2019. These goals have been certified by the international Science Based Targets (SBT) initiative*2 as science-based targets.
Initiatives toward reducing greenhouse gas emissions under SCOPE 1 and 2 include introducing renewable energy, installing energy-saving equipment, and increasing the ratio of on-site power generation at ESPEC offices. Initiatives toward reducing SCOPE 3 emissions include promoting the development of environmentally friendly products that use both less energy and refrigerants with a low environmental impact, and working with suppliers to promote other activities.
Efforts toward preserving water resources include reducing the amounts of water used in regular business activities, recycling water, treating wastewater, and correctly managing wastewater quality.
We will continue to actively work toward addressing climate change and conserving water resources going forward while also promoting business activities that contribute to the realization of a sustainable society.


*1: The CDP is an international non-profit organization headquartered in London. The CDP works with more than 680 investors with more than 130 trillion USD in assets under management and urges companies and municipalities to disclose environmental information and to work toward reducing greenhouse gas emissions, protecting water resources, and conserving forests. In FY2023, approximately 23,000 companies—more than two-thirds of the world’s market capitalization—disclosed environmental information through the CDP.

*2: SBT Initiative
An international initiative that encourages firms to set scientifically-grounded targets for reducing greenhouse gas emissions so that the goals of the Paris Agreement may be achieved. Jointly managed by CDP, which is an NGO involved in environmental information disclosure, UNGC (United Nations Global Compact), WRI (World Resources Institute), and WWF (World Wide Fund for Nature). SBT requires reductions in supply chain emissions (the total of all emissions associated with business activities, not just the emissions produced by a business itself).


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Contact Details:

Sustainability Management Department ESPEC CORP.