Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
February 10, 2022
![[image]CDP SUPPLIER ENGAGEMENT LEADER 2021 logo](220210a.jpg)
Tokyo, February 10, 2022 – Hitachi, Ltd. (TSE: 6501, "Hitachi") was recognized as a Supplier Engagement Leader, the highest rating in the CDP's Supplier Engagement Rating. CDP is an international non-governmental organization in the environment field. This is the result of the evaluation of a series of our activities for the realization of a net zero society, including the reduction of CO2 emissions throughout our supply chain.
CDP also evaluated Hitachi's initiatives and information disclosure, etc. regarding climate change and water resources, and had previously awarded it a Grade A (the highest score) in the two categories of Climate Change and Water Security.*1 This time, Hitachi has received the highest rating for supplier engagement.
The CDP's Supplier Engagement Rating evaluates corporate activities in supply chains regarding climate change and selects companies with especially excellent activities for its Supplier Engagement Leader. This year the Supplier Engagement Leader includes over 500 companies, including 105 Japanese companies. This is the top 8% of companies. Hitachi has established long-term environmental targets in its Hitachi Environmental Innovation 2050, with the goal of the establishment of a sustainable society. The Hitachi Group has established the target of achieving the carbon neutrality at its business sites (factories and offices) by FY2030 and throughout its value chain by FY2050.
To achieve carbon neutrality throughout the value chain and develop sustainability-minded business activities that lead to the prosperity of both the Hitachi Group and its suppliers, we published the Hitachi Group's Sustainable Procurement Guidelines in July 2021 and have been working to reduce CO2 emissions in corporation with our procurement partners.
Going forward, as a climate change innovator, Hitachi will solve various issues including ESG issues faced by our customers and society and contribute to the realization of a sustainable society where people live happily in prosperity through the Social Innovation Business which enables social infrastructure innovation leveraging data and technology.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.
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