Commitment to International Initiatives

The United Nations Global Compact (UNGC) is a voluntary initiative aimed at realizing sustainable growth, by encouraging companies and other organizations to act as good corporate citizens through the exercise of responsible, creative leadership, under the guidance of the United Nations. In July 2019, we announced our support for the UNGC’s ten principles relating to protection of human rights, elimination of improper labor practices, safeguarding the environment, and preventing corruption.

The Task Force on Climate-related Financial Disclosures (TCFD) was established under the Financial Stability Board (FSB). TCFD recommendations encourage companies to recognize risks and opportunities related to climate change and incorporate them into their business strategies, ultimately calling for companies to disclose the impact of these factors. Zeon announced its support for the TCFD in August 2020.

These are greenhouse gas emission reduction targets set by a company for the next 5 to 10 years, consistent with the levels required by the Paris Agreement. The 2030 target set by Zeon Group has been certified by the Science Based Targets initiative as being based on scientific evidence, limiting emissions to keep the global temperature rise to 1.5 °C.