Zeon Corp. (TYO:4205) has announced support of the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Established in response to requests from G20 finance ministers and central bank governors, the TCFD operates as an organization under the Financial Stability Board. Going forward, Zeon will use the TCFD’s recommendations as a basis to analyze the risks and opportunities that...
Toyoda Gosei Co. Ltd. (TYO:7282) has contracted with MUFG Bank Ltd. for a sustainability-linked loan, making it Japan’s first domestic manufacturing company to take out this type of loan. Sustainability-linked loans are financial products that offer advantages such as preferential interest rates to incentivize the achievement of sustainability goals. They are also characterized by having less restrictions on use of...
Nihon Michelin Tire Co. Ltd. has detailed a number of solutions that it can provide to help with environmental issues. Holding a March 12 media seminar on this at the first day of the New Environmental Exposition 2019, Michelin Japan VP Takaaki Takahashi said that his company is setting out with a long-term strategy aimed at significantly cutting down on...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it is participating in the Global Platform for Sustainable Natural Rubber (GPSNR) as a founding member. At the same time, the company revealed that it has formulated its own Sustainable Natural Rubber Policy to use throughout its group – this being aimed at ensuring the sustainability of natural rubber as a resource...
Mondo Design Co. Ltd., which reuses tires and their inner tubes to manufacture bags and other consumer products, has been creating a stir with its SEAL Speaker line of audio speakers that use old motorcycle tires as-is for a structural frame. Part of the company’s SEAL brand of environmentally friendly products, the wireless speakers also incorporate cedar lumber produced from...
CEOs from major Japanese tire manufacturers such as Bridgestone Corp. (TYO:5108), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tire & Rubber Co. Ltd. (TYO:5105), along with their counterparts from Europe, the U.S. and South Korea, gathered in California on Nov. 17, 2017 for a seventh meeting of global tire industry CEOs. In total, the event was attended by leaders from...
