One of 27 companies worldwide recognized by CDP for sustainable water management
TOKYO, February 1, 2019 /3BL Media/ – 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, reflecting 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. Out of the 27 companies that have made this year’s water security A List, eight companies were listed from Japan.
Ryo Nihei, Executive Officer, Senior Managing Director, Chief Technology Officer, 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. At LIXIL, we are proud to receive this recognition, and we will continue to advance our activities related to water to enhance the sustainability of both LIXIL and the environment.”
LIXIL’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 disclosed practices of FYE2018 to reduce business risks and increase business opportunities, including:
- 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 faucets and toilets to smart water controlling systems that can detect pipe leaks and be controlled via smartphone apps. Contribution to environment is quantified for promoting environmentally friendly products and services
- Contributing to solving the global sanitation crisis, aiming to improve sanitation and hygiene for 100 million people by 2020 through a dedicated social business and consumer-centric products such as its SATO toilets.
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 Carbon Efficient Index.
LIXIL makes pioneering water and housing products that solve everyday, real-life challenges, making better homes a reality for everyone, everywhere. Drawing on our Japanese heritage, we create world-leading technology and innovate to make high quality products that transform homes. But the LIXIL difference is how we do this; through meaningful design, an entrepreneurial spirit, a dedication to improving accessibility for all, and responsible business growth. Our approach comes to life through industry leading brands, including INAX, GROHE, American Standard, and TOSTEM. Over 70,000 colleagues operating in more than 150 countries are proud to make products that touch the lives of more than a billion people every day.
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 Based on a R&D subject conducted by the National Research and Development Agency, Japan, 2016. Reference (Japanese only): https://www.kenken.go.jp/becc/house.html
KEYWORDS: OTC:JSGRY, LIXIL, CDP, water security
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