Accelerating efforts to achieve net zero greenhouse gas emissions by introducing mechanism to virtually convert CO₂ emission volume into costs and drive reduction in environmental impact
Tokyo – March 3, 2023 – Toppan (TYO: 7911), a global leader in communication, security, packaging, décor materials, and electronics solutions, will introduce an internal carbon pricing1 system for its capital investment from fiscal 2023 onwards.
Internal carbon pricing is an important indicator that businesses themselves set and use to drive low-carbon investment and related measures. Its adoption as an investment indicator for decarbonization is recommended within ESG disclosure frameworks, such as the Task Force on Climate-related Financial Disclosures.
To address the growing problem of climate change and other global environmental issues, Toppan has set out its long-term approach in the Toppan Group Environmental Vision 2050 and is aiming to enable “fulfilling, sustainable living.” With increasing needs to reduce greenhouse gas emissions, Toppan will use an internal carbon pricing system to inform decisions on low-carbon investment and related measures from a long-term perspective and advance the further use of energy-saving and renewable energy equipment.
“Introducing internal carbon pricing at Toppan will enable us to make better informed decisions on how we invest and what we do to decarbonize our own operations and contribute to efforts in wider society,” said Fumie Ikeda, General Manager of Sustainability Promotion at Toppan. “We will also continue to enhance the transparency of our disclosure and accelerate ESG initiatives by working with stakeholders as we aim to be a leader in addressing global social issues with solutions enabled by Digital Transformation and Sustainable Transformation.”