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09/30/2021Topics

EXEDY Signs “ESG/SDG Evaluation Loan” and Receives AA Rating

On August 31, 2021, EXEDY entered into a term loan agreement utilizing the “ESG/SDGs Assessment Loan” provided by Sumitomo Mitsui Banking Corporation. In concluding this term loan agreement, EXEDY’s ESG initiatives, information disclosure, and contribution to the achievement of the SDGs were screened and our company received the AA-rank* in the ESG/SDGs evaluation.

Under the corporate philosophy of “Creation of Fulfillment (for our customers, society and our employees)”, the EXEDY Group will continue to contribute to the achievement of the SDGs through the promotion of sustainability activities.

In the ESG/SDGs assessment by the Japan Research Institute, Limited, EXEDY was valued for its excellent ESG and SDG initiatives and information disclosure. (second highest on a seven-point scale)

Points that were valued in terms of ESG initiatives and information disclosure

1. EXEDY has set a medium- to long-term target to achieve a 46% reduction in CO2 emissions deriving from its business activities in FY2030 compared to FY2019, and net zero emissions in FY2050. In terms of product offerings, the company is promoting R&D and sales of “decarbonized products” such as the Direct Drive iSG for HEVs and Small Wind Power Generator.
2. Company-wide efforts to improve quality, such as the implementation of “Zero Defect Activities” at group companies around the world to prevent defects in the manufacturing process.
3. In addition to placing the SDGs as one of the pillars of its management policy, the company has identified priority issues (materialities) and set medium- to long-term target values for each issue.