Recruit Holdings Recognized by CDP as a Climate Change “A-Lister”

Recruit Holdings Co., Ltd (“the Company”) has been recognized as one of the “A” listing companies for its leadership in corporate disclosure transparency and performance on climate change by London-based international nonprofit environmental organization CDP.

CDP’s “A-List” companies in 2023

Climate change countermeasures are a material focus of the Company's corporate activities, and the Company pursues carbon neutrality in greenhouse gas emissions (GHG) throughout its business activities and the entire value chain via Group-wide initiatives.

About CDP

CDP is a not-for-profit charity founded in 2000 that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on their environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.

The CDP score is based on how companies respond to the organization’s questionnaire, which is fully aligned with Task Force on Climate-Related Financial Disclosures (TCFD) principles. CDP uses a detailed and independent methodology to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Companies that do not disclose or provide insufficient information are scored an F.

Through its questionnaires, CDP holds the largest environmental database in the world, and its scores are widely used to drive investment and procurement decisions towards a zero-carbon, sustainable and resilient economy.

About Recruit Group's Climate Change Initiatives

In May 2021, the Company announced its Commitment to Sustainability under the aim of contributing to a sustainable society while at the same time achieving the Company’s sustainable growth. This initiative encompasses group-wide efforts to achieve a set number of ESG (environmental, social, and governance) goals by FY2030^*1.

Among those commitments, the Company seeks to achieve carbon neutrality in GHG emissions throughout its business activities in the short term, and throughout its entire value chain by FY2030^*2.

The Company anticipates achieving its short-term goal of reaching carbon neutrality throughout its business activities (Scopes 1+2) in FY2022 ー just as in FY2021. This was achieved primarily by switching to energy-saving and renewable energy-derived plans for office electricity (accredited third-party assurance certification will be completed in April 2024).

To accelerate its efforts to become carbon neutral in GHG emissions throughout the entire value chain (Scopes 1+2+3), the Company is working with partners in the value chain to reduce Scope 3 GHG emissions, which account for more than 95% of the Group's total emissions.

The Company has also set absolute reduction targets for GHG emissions. The Company’s reduction targets were approved by the SBTi (Science Based Targets initiative) in June 2023 as a target aligning with the science-based 1.5°C pathway^*3 set as a global benchmark in the Paris Agreement.

The Company will also accelerate its drive to substantially reduce the amount of GHG emissions by setting a three-year milestone target^*4, and linking the degree of achievement to a portion of the long-term incentive compensation for executives in charge of realizing that target.

Please find more information regarding Recruit Group’s environmental initiatives as follows^*5.

Recruit Holdings Recognized by CDP as a Climate Change “A-Lister” (507KB)