Kubota Obtained the Highest-Rating in CDP “Climate Change” and “Water Security”
February 7, 2024
Kubota Corporation (Head Office: Naniwa-ku, Osaka; President: Yuichi Kitao; hereinafter "our company") has been selected by CDP*1, an international non-profit organization, as a highest-rated “A-List” company in both Climate Change and Water Security*2. This is the first time we have been selected as the “A-List” for climate change and the fifth time for water security. Out of more than 21,000 evaluated companies, we are one of a small number of companies that achieved a double “A”.
We consider the recent evaluation results as a high appraisal of the transparency in our company's operations and information disclosure. Through our business activities and proactive disclosure of information, we will continue to contribute to the realization of a sustainable society by solving both social and environmental issues throughout the value chain, while further enhancing our corporate value.
We have formulated a long-term vision for the period up to 2030, aiming to become an "essentials innovator for supporting life" committed to a prosperous society and cycle of nature. To achieve this vision, we are dedicated to contributing to the resolution of social issues and the realization of a sustainable society through our business in the areas of food, water, and the environment. In the food sector, we utilize ICT and robot technology to improve the efficiency of agricultural operations, improve productivity, and provide agricultural solutions that are effective as adaptation measures to climate change. Furthermore, we contribute to reducing greenhouse gases generated from agricultural activities. In the water and environmental fields, we contribute to the development of water infrastructure by supplying a wide range of products and services, from water intake to wastewater, including water pipes, valves, pumps, and water treatment facilities.
In 2021, we formulated the "Environmental Vision" to contribute to the realization of a carbon-neutral and resilient society while challenging to achieve zero environmental impact. In the future, various social issues are expected to emerge due to the effects of climate change and water-related risks. The Kubota Group will contribute to building a resilient society by providing our technologies, products, and solutions to emerging climate and water-related problems.
Please refer to the following URL for details of the Kubota Group's environmental conservation activities.
- *1.CDP is an international non-profit organization with a global system for corporate and municipal environmental information disclosure. Since its establishment in 2000, CDP has been at the forefront of initiatives that leverage capital markets and corporate purchasing power to encourage companies to disclose environmental impacts, reduce greenhouse gas emissions, and protect water resources and forests. Currently, over 740 institutions worldwide have entrusted CDP with disclosure requests, with total assets under management exceeding $136 trillion. In 2023, companies and municipalities equivalent to two-thirds of the world's market capitalization reported climate and water-related activities through CDP.
- *2.Information disclosure program on corporate climate change response and water security. CDP requests companies to identify and assess climate-related and water-related business risks and opportunities, and to disclose information on the formulation and implementation of policies and strategies. The results are rated on an 8-point scale, with "A-List" being the highest rating. Companies that demonstrate best practices in climate change and water security are selected for the “A-List”.
Reference
- About CDP2023 A-List Companies
https://www.cdp.net/en/companies/companies-scores