SAKURA, Japan, June 20,
2024 /PRNewswire/ -- TOKIWA PHYTOCHEMICAL CO., LTD.
(hereafter "TOKIWA"), proudly announces its participation in the
"Positive Impact Evaluation" initiative offered by Chiba Bank to enhance its efforts for
sustainability management. This initiative entails a comprehensive
analysis and assessment of the economic, environmental, and
societal impacts -- both positive and negative -- of corporate
activities, aimed at providing continuous support for these
initiatives. Chiba Bank, in
collaboration with Chibagin Research Institute, conducts the
evaluation, assisting businesses in setting and tracking key
performance indicators (KPIs). To ensure objectivity, the
assessment will be reviewed by Japan Credit Rating Agency, Ltd.
(JCR), providing third-party opinions (*1).
Schematic chart of "Positive Impact Evaluation":
https://cdn.kyodonewsprwire.jp/prwfile/release/M106604/202406101957/_prw_PI3fl_UD8Zd3We.png
Positive Impact Evaluation product outline:
https://cdn.kyodonewsprwire.jp/prwfile/release/M106604/202406101957/_prw_PI2fl_FGTRf8ba.png
The framework of this initiative aligns with the "Positive
Impact Finance Principles" established by the United Nations
Environment Programme Finance Initiative (UNEP FI) (*2).
Verification of compliance with these principles has been confirmed
through third-party opinions from JCR.
Positive Impact Evaluation product outline for TOKIWA
PHYTOCHEMICAL:
https://cdn.kyodonewsprwire.jp/prwfile/release/M106604/202406101957/_prw_PI4fl_H8iqAcW5.png
Established in 1949, TOKIWA is Japan's pioneering phytochemistry company,
headquartered in Sakura City, Chiba
Prefecture. The company specializes in extracting and
refining functional components from plants, producing active
pharmaceutical ingredients, health food components, and raw
materials for cosmetics, which are supplied to over 2,000
businesses worldwide. TOKIWA also collaborates with universities
and research institutions on R&D focused on plant functionality
and offers analytical services and contract refining, meeting all
phytochemistry-related needs.
Celebrating its 75th anniversary in 2024, TOKIWA has issued two
private bonds totaling 400 million
JPY to support its ESG initiatives. These include raising
100 million JPY through Mizuho Bank's "SDGs Promotion Support Private
Bonds" and 300 million JPY through
Mitsubishi UFJ Bank's "Empowering the World" private bonds. Guided
by its philosophy, TOKIWA aims for 99% carbon neutrality, recycling
extraction residues, and promoting educational CSR activities, with
the goal of exceeding SDG targets by 2030. The Positive Impact
Evaluation, resulting in a 95% funding rate through ESG finance and
corporate bonds as of June 2024,
underscores TOKIWA's commitment to sustainability management and
its vision of becoming the world's leading phytochemistry company
by its centenary.
Notes:
(*1) For more information on the third-party opinion regarding
compliance with the "Principles for Positive Impact Finance" and
the rationality of the KPIs used, please visit the Japan Credit
Rating Agency's website (
https://www.jcr.co.jp/en/greenfinance/ ).
(*2) Organization established based on a voluntary agreement
between the United Nations Environment Programme (UNEP), a
subsidiary body of the United Nations, and financial
institutions
For more information, please visit the company's website:
https://www.tokiwaph.co.jp/en/
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SOURCE TOKIWA PHYTOCHEMICAL CO., LTD.