Toray
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 50 is higher than 88% 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 reported total greenhouse gas emissions of approximately 24,910,000 kg CO2e for Scope 1 and about 2,460,000,000 kg CO2e for Scope 2. The company’s Scope 3 emissions were significantly higher, reaching approximately 17,560,000,000 kg CO2e. This indicates a substantial reliance on upstream and downstream activities, with the majority of emissions stemming from purchased goods and services (about 8,600,000,000 kg CO2e) and the end-of-life treatment of sold products (approximately 4,470,000,000 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 targets a 50% reduction in global Scope 1 and 2 greenhouse gas emissions per unit of sales by 2031, using 2014 as a baseline. Furthermore, Toray is committed to achieving carbon neutrality across all scopes by 2050, although this excludes Scope 3 emissions. These initiatives reflect Toray's proactive approach to addressing climate change and reducing its carbon footprint, aligning with global sustainability goals.
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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 | 00,000,000 | 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Toray is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
