Toray Advanced Materials Releases Sustainability Report Highlighting ESG Achievements

"Voluntarily Published Despite Being a Private Company"

Toray Advanced Materials announced on the 29th that it has released its first-ever "2024 Sustainability Report" detailing its Environmental, Social, and Governance (ESG) management performance since its founding.

Toray Advanced Materials voluntarily published the sustainability report despite being a private company to strengthen ESG management and ensure transparent communication with stakeholders.

'Toray Advanced Materials' 2024 Sustainability Report' published by Toray Advanced Materials
[Photo by Toray Advanced Materials]

Toray Advanced Materials set its ESG strategic directions as greenhouse gas reduction and climate change response, practicing human rights-respecting management, building a sustainable supply chain, and securing transparent governance. It pursued three major business tasks: "eco-friendly products," "eco-friendly technologies," and "recycling."

Since last year, the company has been practicing a circular economy by collecting waste release films from customers and using yarn made through hydro-depolymerization recycling technology to produce customers' workwear, and it has continuously developed eco-friendly products and technologies, obtaining certifications from global evaluation agencies. Additionally, it established a Sustainability Committee to secure an ESG-focused management system.

The report was prepared in accordance with the Global Reporting Initiative (GRI), an international sustainability reporting standard, and the disclosure standards of the U.S. Sustainability Accounting Standards Board (SASB), and underwent third-party verification to ensure accuracy and reliability. Illustrations drawn by employees’ children depicting ESG themes were used to add meaning.

CEO Kim Young-seop stated, "We will accelerate ESG management across all sectors to expand sustainable future competitiveness and strive to grow together with all stakeholders."

This content was produced with the assistance of AI translation services.