TOKYO, JAPAN - YKK Corporation has released "This is YKK 2023," a comprehensive report that combines financial and non-financial insights, offering a holistic view of YKK's management and business endeavors guided by the Cycle of Goodness® corporate philosophy as well as the company's sustainability initiatives.
This year's report, available on the company's website at https://www.ykk.com/english/corporate/csr/eco/report/index.html, shares the company's progress in addressing five sustainability themes: climate change, material resources, water resources, chemical management, and respect for people. These efforts are aimed at realizing ten Sustainability Development Goals (SDs) in line with the targets set forth in the YKK Sustainability Vision 2050, which aims to achieve carbon neutrality by 2050.
Additionally, YKK has compiled a separate Data Book that provides detailed data on the company's environmental, social, and governance efforts, as well as its finances. In 2019, YKK declared its support for the
Task Force on Climate-Related Financial Disclosures (TCFD) and has been disclosing information according to the core elements of governance, strategy, risk management, and targets and metrics elements advocated by the TCFD framework.
The Cycle of Goodness places sustainability at the center of our management approach, with the primaryobjective of meeting the needs of our customers and local communities," said Hiroaki Otani, President of YKK Corporation. "Our company's purpose is to be a socially responsible organization that not only benefits the natural environment but also contributes to the well-being of society, fostering shared prosperity. We are committed to practicing the Cycle of Goodness in order to fulfill the needs of our customers and communities while playing a vital role in building a sustainable society."
• Results of FY2022 Progress Toward Achieving the Goals of the K K Sustainability Vision 2050 Climate Change
• 46.9% reduction in Scope 1 and 2 GHG emissions and 20.9% reduction in Scope 3 GHG emissions (from a FY2018 baseline)
• 31 locations worldwide operating on purchased power derived from 100% renewable energy
About YKK
YKK solves the most complex fastening and attaching challenges. Since the company's founding in Tokyo in 1934, YKK has continuously set industry standards for quality, innovation, and sustainability in
the production of zippers, plastic hardware, hook and loop fasteners, webbing tapes, and snap and buttons. YKK's "solutions-first" approach leverages its extensive product and machinery portfolio,
engineering expertise, and integrated production, service, and supply chain solutions in 70+
countries/regions, leaving it well-positioned to support the growth of customers of all sizes and adapt to their evolving business needs. Guided by the CYCLE OF GOODNESS® philosophy - no one prospers
