Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has updated the corporate group’s Sustainable Natural Rubber Policy. The move comes as an effort to bring this policy in line with updated requirements for members of the Global Platform for Sustainable Natural Rubber (GPSNR), which were decided at the Second GPSNR General Assembly held last September. Having long touted its...
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Continental AG is looking to bolster sustainability in its natural rubber supply chain. The company recently reached an agreement with the German Federal Ministry for Economic Cooperation and Development (BMZ) to significantly expand an ongoing project here, which looks to ensure full traceability for the company’s natural rubber supply chain in West Kalimantan, Borneo, Indonesia. Indonesia is one of the...
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Global latex adhesive and synthetic rubber manufacturer Trinseo SA has acquired mass balance certification from the body of International Sustainability & Carbon Certification (ISCC), a system for certifying sustainability. Trinseo has received certification for three materials: styrene–butadiene rubber (SBR) manufactured in Schkopau, Germany; polyethylene manufactured in Tessenderlo, Belgium; and polycarbonate manufactured in Stade, Germany. This is the world’s first instance...
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Zeon Corp. (TYO:4205) has announced support of the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Established in response to requests from G20 finance ministers and central bank governors, the TCFD operates as an organization under the Financial Stability Board. Going forward, Zeon will use the TCFD’s recommendations as a basis to analyze the risks and opportunities that...
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Bridgestone Corp. (TYO:5108) recently revealed a new medium- to long-term business strategy framework in view of 2050 and beyond. As part of this, the tire manufacturer is looking to achieve a particular vision for 2050 – one that would see it providing continuous value to both society and customers as a sustainable solutions company. Shuichi Ishibashi, who serves as representative...
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Toyoda Gosei Co. Ltd. (TYO:7282) has contracted with MUFG Bank Ltd. for a sustainability-linked loan, making it Japan’s first domestic manufacturing company to take out this type of loan. Sustainability-linked loans are financial products that offer advantages such as preferential interest rates to incentivize the achievement of sustainability goals. They are also characterized by having less restrictions on use of...
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