Issued by YKK Corporation of America
YKK Corporation has released “This is YKK 2023,” an integrated report updating stakeholders on YKK’s progress toward the Sustainability Vision 2050, the company’s roadmap for achieving climate neutrality by 2050. In FY2022, YKK achieved a 46.9% reduction in Scope 1 and 2 GHG emissions and a 20.9% reduction in Scope 3 GHG emissions compared to the FY2018 baseline. The company expanded its use of renewable energy, with 31 locations worldwide operating on 100% renewable power, a year-on-year increase of 20 locations. YKK increased its use of sustainable materials to 26%, a 14-point year-on-year improvement. Additionally, 27.6% of packaging materials transitioned to sustainable alternatives, and landfill waste was reduced by 525 tons. The target year to reach a 90% waste resource conversion rate was moved up from 2030 to 2025. YKK also reduced water intake by 1.3 million tons compared to the FY2018 baseline. YKK enhanced its chemical management by adopting ZDHC MRSL for manufacturing processes, integrating restricted substance management into product development, and renewing its OEKO-TEX® STANDARD 100 certification. YKK also expanded products produced using AcroPlating® technology. Furthermore, the company implemented YKK Global Criteria of Compliance self-checks and audits at applicable locations and revised the YKK Group Human Rights Policy.
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 (SDGs) 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 primary objective 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 YKK Sustainability Vision 2050
Respect for People
■ Major topics covered in This is YKK 2023
The Cycle of Goodness and Sustainability / President’s Message / Executive Dialogues / Cycle of Goodness and Value Creation / Sixth Mid-term Business Policy and Business Strategy / Results of FY2022 Progress Toward Achieving the Goals of the YKK Sustainability Vision 2050, FY2023 Planned Initiatives / Management Principles Promotion / Governance / Financial and Non-Financial Highlights
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 without rendering benefit to others – YKK aims to contribute to a sustainable society.
"YKK", "YKK Little Parts. Big Difference.", "CYCLE OF GOODNESS" and "AcroPlating" are registered trademarks or trademarks of YKK CORPORATION in Japan and other countries/regions.
"OEKOTEX" is trademark of ÖTI – Institut Für Ökologie, Technik und Innovation GmbH.
Jessica Cork, YKK Corporation of America
1. Restricted Substances List
2. Apparel and Footwear International RSL Management Group
3. Manufacturing Restricted Substances List
4. A new plating technology for brass that eliminates 100% of hazardous substances such as cyanide, chromium, and selenium.