Toray Industries Inc.

InfluenceMap Score
D
Performance Band
47%
Organisation Score
50%
Relationship Score
Sector:
Chemicals
Head​quarters:
Tokyo, Japan
Official Web Site:

Climate Lobbying Overview: Toray Industries has limited direct engagement with climate policy, both in Japan and globally. It has expressed some support for achieving global carbon neutrality and the goals of the Paris Agreement in its top-line messaging. The company has had negative engagement on the border carbon tax and has expressed strong support for green hydrogen and some support for renewables.

Top-line Messaging on Climate Policy: Toray Industries appears supportive of the goals of the Paris Agreement, stating in a press release on its website in November 2021 that it will “continue to help materialize...the Paris Agreement’s objectives.” In a media interview with NewsPicks in November 2021, the Toray general manager of the Global Environmental Business Promotion Strategy department stated that achieving global warming of 1.5C by 2050 “requires not only extending previous efforts to reduce greenhouse gases...but also discontinuous innovation with high technological challenges.” In the same month, Newswitch reported that Toray Industries CEO Akihiro Nikkaku said that the movement toward achieving global carbon neutrality is “welcome,” however he stated in an interview with Zaikai in April 2021 that “the hurdle to zero emissions is high, and it is important to achieve balance, not zero,” and appeared to emphasize the need for policies that consider such feasibility. Toray Industries has not appeared to state a position on the need for climate change policy.

Engagement with Climate-Related Regulations: Toray Industries appears to have limited disclosure of its climate-relevant policy positions and lobbying activities on its corporate website. Regarding carbon tax, in an advertisement feature published in Economist Impact in December 2021, Toray Industries appeared to support ”measures to tax CO2.” However, on carbon border adjustment mechanisms, in a METI Hydrogen and Fuel Cell Strategy Council meeting in March 2021, it expressed concerns about the “possibility of a market lockout such as a tax on products from countries that are not as advanced in decarbonization as the EU” due to the border carbon tax. In its 2021 CDP submission, Toray Industries disclosed its direct engagement with policymakers in support of reducing GHG emissions through the value chain based on a life cycle assessment approach, however, without indicating its position regarding GHG emissions regulations.

Positioning on Energy Transition: Toray Industries appears to support the decarbonization of the energy mix. In the METI Energy Structure Transformation Field Working Group in June 2022, Toray Industries supported “green hydrogen in the non-power field and expansion of renewable power” in the Green Growth Strategy. In the METI Hydrogen and Fuel Cell Strategy Council in March 2021, Toray Industries made policy requests for mechanisms to promote green hydrogen, in addition to supporting “electrification with decarbonized electricity, hydrogenation, methanation, synthetic fuels, etc.” and a “balance” between overseas procurement of green hydrogen and ammonia and domestic development of hydrogen infrastructure. At the Nikkei Social Innovation Forum in September 2021, an executive advisor of Toray Industries stated that “to realize carbon neutrality, it is necessary to expand the supply of green hydrogen that does not emit CO2 at the manufacturing stage and reduce manufacturing costs.” Furthermore, articles in the Economist Impact sponsored by Toray Industries in December 2021 recognized hydrogen as playing a “key role” in realizing “zero-carbon energy” and stated that “Toray believes the next decade will become green hydrogen’s moment.”

In the METI New Technology Public-Private Council for Decarbonization of Aircraft in June 2022, Toray Industries appeared to support decarbonization of the aviation industry, sharing that it will contribute to GHG reductions through its Green Innovation Business, including “renewable energy and hydrogen-related materials.”

Industry Association Governance: Toray Industries lacks a dedicated, clearly identifiable disclosure of its memberships and engagement with industry associations on its corporate website, and has only disclosed its membership in the Japan Chemical Industry Association (JCIA) in its 2021 CDP response, despite also being a member of the Japan Business Federation (Keidanren), Japan Chemical Industry Association (JCIA), Japan Pharmaceutical Manufacturers Association (JPMA), Japan Society of Industrial Machinery Manufacturers (JSIM), and Central Japan Economic Federation (CJEF). The former president and chairman of Toray Industries is an honorary chairman of Keidanren. Keidanren and CJEF appear to have lobbied negatively on a number of climate-related policies, as well as JCIA and JSIM to a lesser extent.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2022.

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DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
69%
 
69%
 
70%
 
70%
 
49%
 
49%
 
44%
 
44%
 
52%
 
52%
 
53%
 
53%
 
48%
 
48%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.