Bridgestone returns as top-rated CDP Supplier Engagement firm
Global non-profit CDP, which runs the Supplier Engagement Leader, has once again named Bridgestone Corporation to this world leading environmental disclosure platform. This is the third consecutive year and fifth occasion overall that CDP has included Bridgestone on its the Supplier Engagement Leader with the highest ‘A’ rating in Supplier Engagement Rating.
The Supplier Engagement Rating is a programme that analyses companies’ climate change prevention and CO2 emission reduction activities across the supply chain and assigns rankings based on performance and climate change prevention initiatives. The Bridgestone Group put forward its target of reducing total CO2 emissions by 50 per cent from 2011 levels by 2030 along with the goal of achieving a CO2 emissions reduction across its product and services lifecycle and value chain that is at least five times greater than the CO2 emissions from Bridgestone production activities.
With regards to raw material procurement, Bridgestone revised its Global Sustainable Procurement Policy in 2021. The revised policy covers CO2 emissions and includes requirements and expectations for facilitating the development of a carbon neutral supply chain, along with other provisions for promoting sustainable procurement and boosting competitiveness together with business partners. Moreover, Bridgestone is effectively tracking supplier activities and pursuing improvements through the environmental, social, and governance (ESG) assessments of third-party rating firm EcoVadis. Bridgestone believes these efforts contributed to CDP granting it a high Supplier Engagement Rating.
At the start of March, Bridgestone Group established its Bridgestone E8 Commitment to realise the company’s stated vision: “Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company.” Bridgestone says this commitment will serve as its “axis to drive management while earning the trust of future generations.”