Toray Industries Inc

To accelerate initiatives to address climate change, in April 2021 the Group established the Sustainability Committee, chaired by the president, as an organization that oversees measures to combat climate change, as well as the Climate Change Subcommittee. [...] Progress on these activities is regularly reported to the Board of Directors, which appropriately monitors the Group's climate change prevention measures. The Board also considers opportunities and risks related to climate change as part of important factors when making business decisions and conducts appropriate oversight and comprehensive decision-making. [...] Further, in order to achieve carbon neutrality in 2050, Toray Group recognizes the need to make changes and take a leap in technological innovation based on non-conventional ideas, as well as the need for efforts that are not limited to single corporations, but involve industry, government, and broader society working together to achieve this goal. The Group holds discussions and pursues dialogue with affiliated economic organizations, industry associations, and government, working with these entities to achieve the goals of carbon neutrality and the Paris Agreement by 2050. Through this dialogue, the Group collects information released by the government and conducts interviews with the relevant ministries. Toray shares its opinions and make recommendations as part of efforts to understand, confirm, and apply the relevant information to its internal policies. Toray Group also participates in relevant industry organizations, which make recommendations to the government based on the consensus regarding initiatives needed to promote carbon neutrality. Toray also participates in the GX League, a collaborative industry-government initiative to promote carbon neutrality. Accordingly, the Group discloses information related to its carbon neutrality activities, which includes the setting of GHG emission reduction targets and follow-up on the results achieved.

The Board of Directors receives reports at least once a year on deliberations by each of the above teams as it undertakes monitoring and decision-making. When formulating business strategies and making management decisions, it considers issues related to sustainability as one of the important factors and engages in deliberations and makes decisions in a comprehensive manner. [...] In FY 2024, the Sustainability Committee, which had overseen the implementation of climate change countermeasures, was constructively dissolved. In light of ever-changing business environment, the committee was replaced with a system in which the Executive Committee, a consultative body of the Board of Directors, constructively deliberates on climate change countermeasures and other sustainability issues.

To accelerate initiatives to address climate change, in April 2021 the Group established the Sustainability Committee, chaired by the president, as an organization that oversees measures to combat climate change, as well as the Climate Change Subcommittee. [...] Progress on these activities is regularly reported to the Board of Directors, which appropriately monitors the Group's climate change prevention measures. The Board also considers opportunities and risks related to climate change as part of important factors when making business decisions and conducts appropriate oversight and comprehensive decision-making. [...] The Climate Change Project promotes group-wide initiatives aimed at achieving the fiscal 2030 targets for Scope 1 and Scope 2 GHG emissions reductions as the Challenge 50+ Project. The project's GHG Reduction Subcommittee (formerly the Climate Change Subcommittee) discusses overall strategy for making further reductions in GHG emissions, reductions in Scope 3 emissions, external communications, carbon pricing, and other topics. [...] Further, in order to achieve carbon neutrality in 2050, Toray Group recognizes the need to make changes and take a leap in technological innovation based on non-conventional ideas, as well as the need for efforts that are not limited to single corporations, but involve industry, government, and broader society working together to achieve this goal. The Group holds discussions and pursues dialogue with affiliated economic organizations, industry associations, and government, working with these entities to achieve the goals of carbon neutrality and the Paris Agreement by 2050. [...] Through this dialogue, the Group collects information released by the government and conducts interviews with the relevant ministries. Toray shares its opinions and make recommendations as part of efforts to understand, confirm, and apply the relevant information to its internal policies. [...] Toray Group also participates in relevant industry organizations, which make recommendations to the government based on the consensus regarding initiatives needed to promote carbon neutrality.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes