MORROW,
Ga., May 1, 2024 /PRNewswire/ -- TOTO, the
world's largest plumbing manufacturer with over $5.34 billion in annual sales, announced today
major strides in its commitment to environmental sustainability.
The company's 2030 greenhouse gas reduction targets have received
the prestigious "1.5℃ target" validation from the Science Based
Targets initiative (SBTi). Further, the company has also secured a
coveted spot on the Carbon Disclosure Project's (CDP) A List for
outstanding environmental disclosure and performance.
TOTO's SBTi and CDP recognitions affirm its
leadership in sustainability, setting new industry environmental
benchmarks.
"TOTO's achievements with the SBTi and CDP are not merely
accolades but reflections of our genuine commitment to contributing
toward a carbon-neutral and sustainable society by 2050," said
Hidemi Ishikawa, CEO of TOTO
USA. "Achieving the SBTi's
'1.5℃ target' validation and earning a place on the CDP's A
List signifies our steadfast dedication to expanding our
sustainable practices, which are integral to TOTO's operational
success."
Strategic Achievements Under the SBTi
Initiative
TOTO's rigorous environmental goals, aligned with
the SBTi's "1.5℃ target", underscore its proactive
approach to limit global temperature rise in line with the Paris
Agreement's most ambitious benchmarks. These goals form part
of TOTO's broader strategy to achieve carbon-neutral status by
2050.
Detailed Commitments and Goals:
TOTO's measurable
targets and innovative strategies are aimed at significantly
reducing its environmental impact and contributing meaningfully to
global warming prevention initiatives. Each initiative reflects
TOTO's dedication to a sustainable and environmentally responsible
future.
- Reduction Targets: TOTO has set ambitious goals to
reduce CO2 emissions by 47.5% from its business sites (Scope 1 and
2) and by 25% in product usage emissions (Scope 3 Category 11) by
2030, relative to its 2021 baseline.
- Renewable Energy Initiatives: TOTO is advancing
confidently toward its goal of using 100% renewable energy by 2040,
focusing on energy conservation and significant equipment upgrades
across its operations.
- Innovative Product Development: TOTO is committed
to improving the environmental performance of its signature
water-related products, which exemplify cleanliness, comfort, and
sustainability. These enhancements are designed to promote global
adoption and support the achievement of the "1.5°C level"
target.
Carbon Disclosure Project's A List Company
TOTO's
inclusion on the Carbon Disclosure Project (CDP) A List marks it as
a leader in environmental transparency and effectiveness,
demonstrating its longstanding commitment to reducing carbon
emissions and advancing water conservation initiatives. The CDP
manages the world's premier environmental disclosure system,
encouraging urgent action among corporations to understand and
reduce their environmental impacts. Despite over 23,000 companies
registering with the CDP in 2023, fewer than 400 achieved an A
rating. This places TOTO among the elite 1.74% of companies
worldwide, highlighting its significant role in environmental
stewardship and its ability to meet the rigorous standards of
top-tier ecological performance and transparency.
TOTO's A- rating from the CDP underscores its leadership in
environmental initiatives. This acknowledgment reflects TOTO's
steadfast dedication to sustainability and marks a significant
validation of its proactive environmental strategies. Being
recognized by the CDP highlights TOTO's ongoing commitment to
environmental stewardship and reinforces its position as a
global leader in sustainable business practices.
TOTO's Commitment to Sustainable Development Goals
(SDGs)
These efforts are part of TOTO's broader initiative
to address social challenges and foster economic growth
sustainably, contributing significantly to the United Nations'
Sustainable Development Goals (SDGs). Through its TOTO WILL 2030 strategy, the company focuses on
cleanliness, environmental sustainability, and community
connections – reinforcing its dedication to responsible
business practices.
Looking Forward
TOTO's recent accolades from SBTi and
CDP underscore its visionary leadership in sustainability, setting
new standards for environmental excellence in the industry. The
company's ongoing achievements exemplify the harmonious balance
between commercial success and ecological stewardship, striving for
excellence and inspiring by example. TOTO's commitment illuminates
the path toward a more sustainable and prosperous future.
About TOTO
TOTO USA
is the headquarters for the Americas Division of the TOTO Global
Group, which was established in 1917 with the founding of TOTO,
Ltd., in Kitakyushu,
Japan. TOTO is the world's largest bathroom fixtures and
fittings manufacturer, with $5.34
billion in annual sales (April
2022 to March 2023). For more
than 100 years, TOTO has been the recognized leader in innovation,
technology, performance, and design with products that enhance the
luxury bathroom experience. Today, the company maintains 36,188
employees in 17 countries and owns manufacturing facilities around
the world in countries as diverse as Japan, Mexico, Germany, the USA, India,
and China. Guided by its corporate
philosophy, the TOTO Global Group strives to create a great company
trusted by people worldwide, which contributes to the betterment of
society. Dedicated to engineering products that respect the
environment while meeting people's needs for comfort, beauty, and
performance, TOTO is the sole plumbing manufacturer to maintain a
research and development center devoted to universal design,
advanced science, and technology. Consumers enjoy the peace of mind
that comes from knowing they purchased a brand that innovates to
improve people's quality of life. Winner of numerous domestic and
international awards and recognitions, TOTO is the only plumbing
manufacturer honored as Water Efficiency Leader by the U.S.
Environmental Protection Agency. The company continues to raise
industry standards and consumer expectations about what is possible
in the bath space, as TOTO believes a high-quality bathroom is an
experience and an everyday luxury people value and appreciate.
For more information, consumers may visit
www.totousa.com or call 1.888.295.8134, Option 5. Follow TOTO
on Twitter (@TOTOUSA) and Instagram (@TOTOUSA) and become a TOTO
fan on Facebook.
About Science Based Targets Initiative (SBTi)
SBTi is
a partnership between Carbon Disclosure Project (CDP), the United
Nations Global Compact (UNGC), the World Resources Institute (WRI)
and the Worldwide Fund for Nature (WWF). The SBTi call to action is
one of the We Mean Business Coalition commitments. It defines and
promotes best practices in science-based target setting, offers
resources and guidance to reduce barriers to adoption, and
independently assesses and approves companies' targets. Visit
sciencebasedtargets.org or follow us @sciencetargets to learn
more.
About Carbon Disclosure Project (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
$137 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 25,000 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. 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. Visit cdp.net
or follow us @CDP to find out more.
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