LIXIL Earns Place in CDP’s Water Security A List for Second Consecutive Year
TOKYO, February 24, 2020 – LIXIL Group Corporation (LIXIL Group; TSE code: 5938), maker of pioneering water and housing products, has been named in the CDP1 ’s prestigious Water A List for two consecutive years. Incorporating its Corporate Responsibility commitment in its products, services, and business, CDP’s recognition reflects the company’s leadership in water stewardship.
The CDP, a non-profit organization running a globally acknowledged environmental disclosure system, scores companies A to D in key environmental impact sectors, including climate, water, forests, and supply chain. To score an A, companies must demonstrate best practice in disclosing and responding to risk.
Ryo Nihei, Executive Officer and Senior Managing Director of Technology at LIXIL Group, commented: “As a manufacturer of bathroom and kitchen products, from toilets to faucets, water is at the heart of what we do. Together with our stakeholders, we have advanced not just our water-saving and wastewater management initiatives, but also the water efficiency of our products. We are proud to receive this recognition two years in a row as we strive to enhance the sustainability of both LIXIL and the environment. We will continue to advance our activities related to water, particularly by integrating and scaling up our existing advanced water filtration technology globally; to make better homes a reality for everyone, everywhere.”
LIXIL Group’s Corporate Responsibility strategy consists of three pillars, comprising Global Sanitation and Hygiene, Water Conservation and Environmental Sustainability, and Diversity and Inclusion. Relevant to the first two pillars, LIXIL was rated an A for a range of practices disclosed for FYE2019 to reduce business risks and increase business opportunities. This includes:
- Assessing production facilities based on local water conditions, identifying sites with great water risks to set water conservation targets, and implementing appropriate countermeasures. These include promoting initiatives at determined sites designed to alleviate water risks, wastewater recycling or saving systems, and related activities to improve water efficiency.
- Enhancing the performance of products and services, from water-saving, energy-efficient faucets and toilets to smart water-controlling systems that can detect pipe leaks and be controlled via smartphone apps, thereby contributing to environmental sustainability.
In addition to these, LIXIL Group aims to improve global sanitation and hygiene for 100 million people by 2025 by developing solutions that cater to their local requirements and preferences. Establishing local production and distribution systems for its innovative and affordable SATO products, LIXIL Group contributes to local economies by creating jobs, improving infrastructure, and promoting sanitation to tackle the impact it has on communities and the water they use.
On environmental sustainability, LIXIL Group achieved its carbon intensity target announced in FYE 2016 two years ahead of plan. The company announced its new commitment of pursuing a net-zero carbon footprint and helping the world transition to a circular economy through its products by 2050.
LIXIL Group was also rated A- for CDP Climate Change this year, which is a higher recognition than 2018. In line with its vision3 to pursue a net-zero carbon footprint in its operations, LIXIL Group joined RE1004 . Starting with the Kyoto Showroom and most recently at its Global Headquarters in Tokyo, LIXIL Group is now moving towards using 100% renewable energy in its operations. In recognition of its CR and sustainability practices, LIXIL is also listed on the Dow Jones Sustainability Indices, FTSE4Good Index Series, FTSE Blossom Japan Index, and MSCI Japan Empowering Women Index, and S&P/JPX Carbon Efficient Index.
1 The CDP is a non-profit organization that issues surveys on climate change, water conservation, and supply chain to companies. It discloses data to more than 800 institutional investors controlling assets worth US $100 trillion. Reference: https://www.cdp.net/
2 According to the United States Environmental Protection Agency (EPA). Achieved WaterSense Sustained Excellence Award by WaterSense, a voluntary partnership program sponsored by the EPA. Reference: https://www.epa.gov/watersense/watersense-awards
3 Press Release: LIXIL Sets New Sustainability Targets to Drive Its Contribution to the World https://www.lixil.com/en/news/pdf/191115_CR_E_Final_web.pdf
4 Led by The Climate Group in partnership with CDP, RE100 is a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity. http://there100.org/
Note to editor:
- For more information about LIXIL’s water sustainability practices, see LIXIL’s Corporate Responsibility Report 2019 here: https://www.lixil.com/en/sustainability/reporting/pdf/LIXIL_CR2019_en.pdf
- The full list of companies that made this year’s CDP Water Security A List are available here, along with all other public company scores: https://www.cdp.net/en/scores