NGK Insulators (TYO:5333) has been selected as a Supplier Engagement Leader, the highest rating in the fiscal 2024 CDP Supplier Engagement Assessment.
The selection was made by global not-for-profit organisation CDP, which operates an environmental information disclosure system.
CDP discloses environmental data obtained from companies and municipalities, evaluating their activities related to climate change, water security, and forests.
The organisation holds environmental data from companies and municipalities worldwide.
In 2024, a record 24,800 companies disclosed environmental data through CDP.
The Supplier Engagement Assessment reviews how companies address climate change challenges in their entire supply chains.
Only 1,394 companies worldwide have been selected as Supplier Engagement Leaders.
The NGK Group vision states a mission of ‘Enriching Human Life by Adding New Value to Society. The company envisions what the future society would look like in 2050.
In the NGK Group Environmental Vision, which was formulated in April 2021, the 100-year-old Japanese company says it aims to contribute to achieving carbon neutrality, a circular society and harmony with nature through its business activities.
As one of the steps to achieve these goals, NGK has set targets for visualisation and reduction of scope three emissions and stepped up these initiatives, as well as working with suppliers to build a sustainable value chain.
NGK says it believes that selection as a Supplier Engagement Leader is the result of these initiatives being highly rated internationally and will continue to accelerate efforts to realize a carbon-neutral society.
NGK also received the highest rating as an ‘A List’ company in CDP Water Security for 2024.
The company will contribute to the attainment of a sustainable society as a company that promotes the future of energy, global environmental protection, and industrial development.
Since its foundation in 1919, NGK has used its ceramic technology to provide numerous products that solve social issues. NGK is active in more than 20 countries, with business focusing on mobility, energy, IoT and industry.
NGK’s products include the energy storage system NAS batteries, in addition to the compact, thin, and high-energy-density lithium-ion rechargeable battery EnerCera line, vital tools for sustainable energy infrastructure.
Write to Adam Orlando at Mining.com.au
Images: NGK
