Toyobo : joined GX League of the Ministry of Economy, Trade and Industry Promotes collaboration with government, academia, and financial institutions
June 07, 2023 at 04:23 pm
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June 6, 2023
Toyobo joined GX League of the Ministry of Economy, Trade and Industry Promotes collaboration with government, academia, and financial institutions
Toyobo Co., Ltd. is pleased to announce that it officially joined the GX League, an initiative to accelerate green transformation (GX)*1 by the Ministry of Economy, Trade and Industry (METI). The league was established based on METI's GX League Basic Concept,*2 which was announced in February, 2022.
The GX League, which will begin full-scale operations this year, aims to foster collaboration between a group of corporations actively engaged in GX and government agencies, academic and financial institutions, with the aim of contributing to Japan's goal of attaining carbon neutrality by 2050. It will act as a forum for discussing the transformation of the overall economic and social system, as well as a force for creating new markets. In total, 679*3 companies have endorsed the GX League Basic Concept.
Under the Toyobo Group's long-term vision, "Sustainable Vision 2030*4" which was announced on May 26, 2022, the Group set targets of cutting greenhouse gases (GHG) emissions by more than 46% by fiscal 2031 over fiscal 2014, and of attaining carbon neutrality by fiscal 2051. The Group is thus actively promoting GX by saving more energy; improving productivity; promoting decarbonization by changing fuel sources; introducing and procuring renewable energy, etc.; considering the introduction of carbon-free fuels; and expanding the use of recycled and biomass materials, among other steps.
The Group's undertakings toward realizing carbon neutrality are in line with the goals of the GX League. By officially joining the GX League, the Group will accelerate efforts to reduce GHG emissions and do its best to realize a sustainable society by providing products and services that help reduce emissions.
*1: Green transformation (GX) involves changing the overall economic and social system to reduce GHG emissions and improve industrial competitiveness by regarding efforts to achieve carbon neutrality by 2050 and targets set by Japan to reduce GHG emissions by 2030 as an opportunity to spur economic growth.
*2: GX League Basic Concepthttps://www.meti.go.jp/english/press/2022/0201_001.html
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
E-mail：pr_g@toyobo.jp
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Toyobo Co. Ltd. published this content on 06 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2023 15:22:09 UTC.
Toyobo Co Ltd is a Japan-based company mainly engaged in the film and functional resin business, industrial material business, and textile and commerce business. It has five business segments. Film and Functional Resin segment manufactures, processes and sells packaging films, industrial films, industrial adhesives, engineering plastics and optical functional materials. Industrial Materials segment manufactures, processes and sells automotive fiber materials, super fibers, non-woven fabrics. Textile and Trading segment manufactures and sells functional clothing, apparel products, clothing textiles, and clothing fibers. Healthcare segment manufactures, processes and sells bio products, pharmaceuticals, medical membranes, medical devices, aqua membranes, and functional filters. It is also engaged in the assembly and sale of seawater desalination modules. The Real Estate segment sells, rents and manages movables. It also designs and constructs buildings and machinery and sells equipment.
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