Taiheiyo Cement

No leading practices were identified for this company.

The company has a comprehensive low-carbon transition plan informed by climate scenario analysis that has considered the implications of a 1.5°C scenario.

No leading practices were identified for this company.

No leading practices were identified for this company.

Though the company may have long-term emissions targets, these are not aligned with the Paris Agreement goals. Taiheiyo Cement should increase the ambition of its targets to align with a 1.5°C pathway. Taiheiyo Cement’s locked-in emissions from current and planned assets are expected to exceed its 1.5°C carbon budget.

The company has implemented board-level oversight of climate change but can clarify whether it has board members with significant expertise in the low-carbon transition. A lack of expertise at the board or equivalent level could be a barrier to the successful management of the company’s low-carbon transition.

Taiheiyo Cement’s total R&D expenditure amounted to USD 137 million over the past three years. The company dedicated about 25% of this investment to the development of low-carbon technologies. However, it does not provide data on its investments in non-mature low-carbon technologies.

Taiheiyo Cement is working on low-carbon business models but should disclose what proportion of its revenue comes from these low-carbon products or services. The company has initiated a supplier engagement strategy and set up emissions reduction targets for some suppliers. It should further make these targets mandatory in all key procurement templates. Additionally, the company should outline a strategy for engaging with clients and establish a policy for engaging with trade associations and industry organisations on climate issues.

Taiheiyo Cement aims to achieve a 20% or more reduction in carbon dioxide emissions across its supply chain by 2030 compared to 2000 levels. Additionally, the company is targeting a 10% or more reduction in net carbon dioxide emissions by 2025, also compared to 2000 levels.

Taiheiyo Cement is actively pursuing decarbonisation initiatives through various strategies. One of its subsidiaries, for instance, has developed cement with lower clinker content. The company has also achieved a high recycling ratio, but it does not provide clear details on the potential growth and impact of its decarbonisation.

Biomass fuels represent a growing proportion of the company’s energy sources, and the company aims to expand biomass energy production further.

The company presently supports significant climate policies and, based on available information, it is not on the board of and does not provide funding to any trade or industry associations with climate-negative activities or positions.

The company has a carbon neutrality target and strategy for 2050 and an interim emissions reduction target for 2030.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.
No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s actions to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups.
No relevant disclosure was found of the company’s assessment of employment dislocation risks. The company discloses its actions to provide training and upskilling opportunities to workers and affected stakeholders. For instance, it offers training programmes specifically for mid-career employees and practical learning workshops to local communities. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found of the company having a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to reskill or upskill.

No relevant disclosure was found to show if the company identifies the impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to their social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.
No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

While the company has a grievance mechanism available to workers where they can report human rights issues, no other company policies or commitments related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

While the company sets time-bound, measurable targets to improve gender equality, no other evidence of the company’s policies or commitments related to key decent work issues was found in the public domain. These issues include the provision of safe, secure and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

The company has a policy prohibiting bribery and corruption, and it discloses its global tax strategy. However, no other relevant company policies or commitments of the company related to key ethical business topics, such as personal data protection bribery and corruption, and political engagement, were found in the public domain.