TANAKA Precious Metals

No leading practices were identified for the company in the governance and strategy area.

No leading practices were identified for the company in the ecosystems and biodiversity area.

No leading practices were identified for the company in the social inclusion and community impact area.

Sustainability strategy and accountability
TANAKA Precious Metals does not disclose its process for identifying and prioritising its most relevant sustainability topics and impacts. While the company sets company-wide targets for industrial waste emission and energy consumption reduction and reports consistently against the progress, it does not have targets on other key sustainability topics for the most material parts of its value chain, such as water use, water pollutants and soil pollutants.
TANAKA Precious Metals does not disclose having individuals, teams or committees within the company responsible for the implementation of its sustainability strategy. The company does not report whether it assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. No evidence was found that the company links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. The company does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement
TANAKA Precious Metals does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

Lobbying
TANAKA Precious Metals does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Impact and dependencies assessment
TANAKA Precious Metals has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Key areas and species
TANAKA Precious Metals does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Ecosystem conversion and restoration
No evidence was found regarding TANAKA Precious Metals’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Resource exploitation and circularity
TANAKA Precious Metals does not disclose its inputs, including its material footprint. While the company discloses its cyclical use rate, no further evidence that the company reports quantitatively on its group-wide circularity performance (e.g. circular material productivity) could be found in the public domain.  The company does not disclose efforts to improve soil health.

Water
TANAKA Precious Metals demonstrates it is reducing water withdrawal in its own operations. However, the company does not disclose any other relevant information related to water, in its operations or supply chains.

Solid and air pollution
While TANAKA Precious Metals provides practices on managing industrial waste, no evidence the company disclosing measures on reducing the production of hazardous waste. While the company discloses the proportion of waste plastics to industrial waste emissions, it is unclear whether there is a reduction in plastic use and waste in its own operation. The company does not report on the amount of plastic waste generated and proportions directed from or to disposal. The company does not report on air quality parameters of emissions of harmful air pollutants. The company does not report time-bound targets to reduce air pollutants across the most material parts of its value chain.

GHG emissions
While TANAKA Precious Metals discloses its scope 1 and 2 emissions, the amount increased compared to the previous year. The company does not disclose any other greenhouse gas emissions, nor has it set a time-bound reduction target. The company must immediately set a reduction target aligned with the Paris Agreement’s 1.5-degree trajectory.

Invasive species
TANAKA Precious Metals has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Safe, clean, healthy and sustainable environment
Although TANAKA Precious Metals mentions its contribution to healthy and prosperous local communities, no evidence the company has a commitment to respect the right to a safe, clean, healthy and sustainable environment. No evidence that the company tracks its actual or potential negative impacts on the health of local communities was found. The company is not committed to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous peoples’ and land rights
TANAKA Precious Metals does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities.

While TANAKA Precious Metals discloses that third-party auditors qualified by RBA audits its domestic and overseas factories on CSR factors including human rights, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts through its business relationships. The company has an opportunity to describe a process for assessing the human rights risks it has identified and to disclose what it considers to be its salient human rights issues. A description of this process would include how relevant factors are considered, such as geographical, economic and social factors. No evidence was found that the company has a global system to act on its salient human rights issues. The company has an opportunity to disclose the stakeholders it engages with on human rights risks.

There is no evidence that TANAKA Precious Metals has a publicly available policy statement committing it to respect the health and safety of workers. While the company discloses that it manages payment of wages appropriately, it has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. No evidence that the company describes how it determines a living wage for the regions where it operates was found. No evidence that the company describes how it works to support the payment of a living wage by its suppliers was found. The company has an opportunity to disclose the coverage of collective bargaining agreements. The company has an opportunity to describe how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining.

TANAKA Precious Metals has an opportunity to publish a global tax strategy and should assign responsibility for this strategy to an executive-level individual or body.  The company has an opportunity to disclose a policy on bribery and corruption and its processes for identifying and addressing bribery and corruption.  No evidence that the company has a publicly available policy statement or policy setting out its lobbying and political engagement approach was found. The company states that it does not make political contributions but does not formalise this commitment in a public policy document.