To proactively tackle environmental and social issues, the Shindengen Group believes it is necessary to cooperate with various bodies across boundaries of nations, regions, and organizations. Therefore, we participate in initiatives both within and outside Japan.
United Nations Global Compact (UNGC)
The United Nations Global Compact (UNGC) is a voluntary initiative where corporations act as good members of society and achieve sustainable growth by displaying responsible and creative leadership.
Shindengen Electric Manufacturing Co., Ltd. has participated in the UNGC since January 2023. We are committed to promoting and practicing the Ten Principles of the UNGC in the four areas of human rights, labor, the environment, and anti-corruption.
CDP
CDP is a non-profit organization which mainly cooperates with institutional investors and others to request information disclosures such as climate change strategies and greenhouse gas emissions from corporation and encourage them to take measures.
The Shindengen Group has participated in the CDP Climate Change Survey since FY 2022 and has disclosed its initiatives and strategies relating to climate change.
EcoVadis
Since FY 2024, Shindengen Electric Manufacturing Co., Ltd. has registered its suppliers and disclosed information on EcoVadis—a proprietary platform that evaluates a company's social and environmental sustainability performance.
Task Force on Climate-related Financial Disclosures (TCFD)
The Shindengen Group recognizes that action on climate change is an important management issue. In August 2022, we announced our endorsement of the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and joined the TCFD Consortium (*1) which was established as a forum for discussions between endorsing corporations, financial institutions, and other organizations.
From now on, we will disclose climate-related information appropriately and continue environmentally-conscious business activities in order to contribute to the realization of a sustainable society while also further increasing our corporate value.
*1: Established on May 27, 2019 as a forum for discussions about effective information disclosures from corporations and about initiatives to connect disclosed information into appropriate investment decisions by financial institutions, etc. The Ministry of Economy, Trade and Industry, the Financial Services Agency, and Ministry of the Environment participate as observers.
Science Based Targets initiative (SBTi)
Science Based Targets initiative (SBTi) is an international climate change initiative established by CDP, UNGC, World Resources Institute (WRI) and the World Wildlife Fund (WWF). It is an organization that certifies the reduction targets set by corporations to limit the average global temperature rise due to climate change to 1.5 degrees Celsius compared to pre-industrial levels.
The FY 2030 greenhouse gas emission reduction targets set by the Shindengen Group were SBT-certified in October 2023 as goals that conform with the standards of the Paris Agreement.
