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Fuji Oil recognized for second with outstanding triple ‘A’ score by CDP for global environmental leadership

Fuji Oil announced it has been recognized as a global environmental leader in corporate sustainability for the second year in a row by global environmental non-profit CDP.

The company secured a place on its prestigious ‘A List’ for tackling climate change as well as acting to protect water security and forests.

Fuji Oil: A global environmental leader

CDP is a non-profit running the global environmental disclosure system for cities and companies. Every year they release their A List companies. Out of nearly 12,000 companies, Fuji Oil is one of only 14 companies that achieved a triple ‘A’ status in 2021. Through significant demonstrable action on climate, water security risks and deforestation, Fuji Oil is leading in corporate environmental ambition, action, and transparency worldwide.

CDP: the gold standard of corporate environmental transparency

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend, requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13,000 companies responded.

Triple A score only to companies who score on forest-risk commodities

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those who didn’t disclose or provide sufficient information are marked with an F.

CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an A on at least one of these forest-risk commodities to earn a place one the Forests A list.

According to Carmen Alvarado Ascencio, Senior Manager Sustainability and ESG for Fuji Europe Africa, “this is not only a recognition but also a confirmation that our ESG management leads to robust sustainability improvements. We feel proud of the teamwork across the Fuji Oil Group leading to this award; and we are encouraged to continue pursuing sustainable business growth for us and our stakeholders”

Paul Simpson, CEO of CDP, said: “Many congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report. The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”

The full list of companies that made this year’s CDP A List is available here