Press Release

Nihon Elastomer Co., Ltd. Oita Plant Achieves First-Ever Platinum Rating in EcoVadis Sustainability Assessment for Asahi Kasei Group

Nihon Elastomer Co., Ltd. Oita Plant Achieves First-Ever Platinum Rating in EcoVadis Sustainability Assessment for Asahi Kasei Group

January 30, 2024
Asahi Kasei Corporation

Asahi Kasei Corporation (Headquarters: Chiyoda-ku, Tokyo, President: Koichiro Kudo, hereinafter “the Company”) is pleased to announce that its joint venture company, Nihon Elastomer Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President: Masayoshi Iwasa) has earned the highest platinum rating in the EcoVadis sustainability assessment for its Oita Plant (Oita City, Oita Prefecture) in December 2023. The platinum rating is awarded to the top 1% of evaluated companies. This is the first time an Asahi Kasei Group organization has achieved this recognition.

The assessment evaluates company sustainability initiatives in four areas: “Environment,” “Labor & Human Rights,” “Ethics,” and “Sustainable Procurement.” This time, the Oita Plant received particularly high scores in “Environment” and “Labor & Human Rights.”

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EcoVadis assessments are based on international sustainability standards, covering over 120,000 companies in more than 200 industries across 180 countries. EcoVadis ratings are becoming increasingly recognized worldwide as an objective benchmark for evaluating companies' sustainability initiatives.

The Asahi Kasei Group has been actively promoting sustainability initiatives throughout the group. We will use the results of this assessment to further strengthen our efforts and contribute to the realization of a sustainable society.

Overview of EcoVadis

EcoVadis website: https://ecovadis.com/ja/

Overview of Nihon Elastomer Co., Ltd.

Company name: Nihon Elastomer Co., Ltd.

Date of Establishment: August 21, 1972

Address: Hibiya Mitsui Tower (Tokyo Midtown Hibiya), 1-1-2 Yurakucho, Chiyoda-ku, Tokyo

President & CEO: Masayoshi Iwasa

Shareholding ratio: Asahi Kasei Corporation 75%, Renascience Corporation 25%

Business Overview: Manufacturing of synthetic rubber and elastomer products