Toray Sustainability Profile
Toray Industries, Inc., commonly known as Toray, is a leading multinational corporation headquartered in Japan. Established in 1926, the company has evolved into a key player in the advanced materials and chemicals industry, with significant operations across Asia, Europe, and the Americas. Specialising in a diverse range of sectors, Toray focuses on the production of fibres and textiles, plastics, chemicals, and carbon fibre composites. Its innovative approach to manufacturing high-performance materials has positioned Toray as a pioneer in sustainable solutions, particularly in the aerospace and automotive industries. With a commitment to research and development, Toray has achieved numerous milestones, including advancements in water treatment technologies and lightweight materials. The company’s dedication to quality and innovation has solidified its market position, making it a trusted name in the global materials sector.
DitchCarbon Score
How does Toray's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Toray's score of 48 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Toray's reported carbon emissions
In 2023, Toray Industries, headquartered in Japan, reported significant greenhouse gas emissions totalling approximately 24,910,000 kg CO2e for Scope 1, 2,460,000 kg CO2e for Scope 2, and a substantial 17,560,000,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 4,951,000 kg CO2e. Toray has set ambitious climate commitments, aiming for a 7% reduction in absolute Scope 1 emissions by fiscal 2030 compared to 2013 levels. Additionally, the company is working towards achieving carbon neutrality across all scopes by 2050. For production activities, Toray targets a reduction of over 50% in global Scope 1 and 2 GHG emissions per unit of sales by 2031, using 2014 as a baseline. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Toray's commitment to sustainability reflects its proactive approach to addressing climate change and reducing its carbon footprint in the industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,310,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,325,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 744,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Toray's Industry?
How Carbon Intensive is Toray's Location?
Toray's Scope 3 Categories Breakdown
Toray's Scope 3 emissions, which increased by 66% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 49% of Scope 3 emissions.
Top Scope 3 Categories
Toray's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Toray has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
