LIXIL’s commitment to making positive environmental impact is recognized with top rating from CDP
Tokyo – LIXIL Corporation (“LIXIL”, TSE Code: 5938), maker of pioneering water and housing products, has earned its place on CDP's Climate Change A List for the first time, joining 346 companies worldwide and 109 from Japan. LIXIL was also rated B for Water Security.
CDP (Carbon Disclosure Project)1 is a global non-profit organization that runs the world’s leading environmental disclosure platform. In cooperation with institutional investors, CDP annually collects and evaluates data from major global corporations on business risks and opportunities related to climate change, water resources, and forest conservation. This includes conducting surveys to evaluate each company’s water conservation measures within its business activities, products and services, and to address the global water crisis.
Uchu Mukai, LIXIL Chief Environmental Impact Officer commented “It is an honor for LIXIL to be included in the Climate Change A List for the first time. It is a clear indication of our commitment to embedding our environmental strategy to our business. A sustainable home is a better home, and at LIXIL, we recognize the importance of addressing environmental challenges through our products, solutions and business practices, to expand our impact. In FYE2023, we announced mid-term targets towards achieving the LIXIL Environmental Vision 2050 and have made tangible progress against our targets. We will continue to innovate sustainable solutions, and accelerate our efforts, in working with business partners and end-users for today and for tomorrow.”
Water Conservation and Environmental Sustainability is one of the three strategic pillars of LIXIL’s Impact Strategy. The company promotes the LIXIL Environmental Vision 2050 “Zero Carbon and Circular Living,” driving efforts in its priority areas; Climate Change Adaptation and Mitigation, Water Sustainability and Circularity across the organization and in collaboration with its stakeholders. Last year, the company identified the three phases of its Environmental Impact: Our Operations, Our Value Chain and Expanding our Impact and updated its mid-term targets for each. LIXIL aims not only to fulfill its social responsibilities by reducing its environmental risks, but to also create new value by seizing opportunities to maximize the impact of its business.
Last year LIXIL renewed its certification from the Science Based Targets initiative (SBTi) in line with its targets to cap global temperature increase at 1.5ºC compared to pre-industrial temperatures. LIXIL is proactive in finding innovative ways to reduce emissions, switching to renewable energy sources, and has significantly increased its renewable energy usage from 16% in FYE2022 to approximately 26% in FYE2023.
Creating a positive impact through our Products and Solutions
LIXIL helps reduce consumers’ environmental impact through innovations that mitigate CO₂ emissions. One prime example is revia pave, made from the sustainable paving material revia. Revia is created by combining plastic waste and wood waste that contributes to the environment in two key ways: by cutting the amount of CO₂ generated by conventional waste processing compared with conventional methods and by enabling the responsible re-use of plastics as a raw material.
Another innovative product is PremiAL R100, Japan’s first2 low-carbon aluminum building material made from 100% recycled aluminum that can reduce energy consumption and CO₂ emissions by 80% in the entire process from procurement to processing when compared with smelting new ingots. Leading LIXIL’s commitment to reduce CO₂ emissions and circularity, PremiAL is driving efforts to achieve the company’s mid-term target to use 100% recycled aluminum by FYE2031.
|
(Left) revia, a new circular material made from waste plastics and wood waste
(Right) PremiAL R100, a 100% recycled aluminum material
LIXIL is committed to continuing its efforts in reducing environmental impact through circular manufacturing practices and sustainable product designs to expand its impact on the planet, society, and to make better homes a reality for everyone, everywhere.
CDP’s A List
https://www.cdp.net/en/companies/companies-scores
Other External Evaluations & Awards
https://www.lixil.com/en/about/evaluation.html
LIXIL’s Impact Policies and Measures for Sustainability
https://www.lixil.com/en/impact/
※1 About 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 $136 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 24,000 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.
※2 As of April 2023, based on internal research.