Toyobo will establish the Carbon Neutral Strategies Council and the Carbon Neutral Strategies Cross-Functional Team as of April 1, 2021, to formulate and promote Toyobo Group’s strategies to achieve carbon neutrality in 2050.

With the impact of climate change caused by global warming becoming increasingly evident in recent years, the Toyobo Group has been keenly aware that global warming and related climate change present a major risk to continuing its business activities and has set the goal of “achieving carbon neutrality” by attaining net zero greenhouse gas emissions by fiscal 2050.

The Carbon Neutral Strategies Council will formulate strategies to pursue and milestones to minimize greenhouse gas emissions and developing technologies for capturing and separating greenhouse gases.

Moreover, to promote activities that transcend departmental boundaries from a long-term perspective, the company-wide Carbon Neutral Strategies Cross-Functional Team will be formed to study and implement substantive measures, such as encouraging innovation, promoting alliances, accelerating R&D, and creating solution businesses.