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Taiho Pharmaceutical Achieves Milestone in Sustainability

In an impressive achievement, Taiho Pharmaceutical Co., Ltd. has announced its receipt of the Silver Medal from EcoVadis, an international sustainability rating organization based in France. This accolade places Taiho among the top 15% of evaluated companies globally, highlighting its robust commitment to sustainability practices across various sectors.

EcoVadis assesses companies based on four main categories: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. By employing unique evaluation criteria grounded in international standards, EcoVadis meticulously analyzes corporate sustainability efforts.

Environmental Initiatives

Taiho Pharmaceutical, part of the Otsuka Group, has established a clear environmental policy that sets quantifiable goals on crucial issues such as carbon neutrality, circular economy, water neutrality, and biodiversity. By engaging in international initiatives like Science Based Targets (SBT) and RE100, they enhance their environmental responses. Notably, the company has implemented a large-scale solar power facility at its Kitajima plant, as well as measures for utilizing renewable energy, advanced wastewater treatment, and waste reduction and recycling.

Labor and Human Rights Commitment

Taiho Pharmaceutical has organized systematic policies covering labor safety and health, discrimination prevention, career development, and labor conditions. By setting numerical targets and operational systems, the company ensures their effectiveness. The ongoing promotion of employee health management, skill development, and a diverse range of flexible working styles continues to cultivate a sustainable workplace environment.

Ethical Standards

In the realm of ethics, Taiho pharmaceutical has formulated comprehensive policies addressing corruption prevention, information security, and conflict of interest. The company has established internal reporting systems and human rights due diligence frameworks. Through risk assessments, employee education initiatives, and human rights task force activities, it aims to enhance transparency and trust in its business operations.

Sustainable Procurement Practices

Taiho has integrated consideration for environmental and social factors into its procurement policy. This includes evaluating suppliers, conducting risk analyses, and performing audits to advance sustainability throughout its supply chain. The company collaborates with suppliers to foster continuous improvement and capacity building, reinforcing its procurement framework.

In reflecting on this significant achievement, Masanori Fukuoka, Executive Officer of Taiho Pharmaceutical's Management Planning Division, stated, "Taiho Pharmaceutical is committed to enhancing public health and contributing to a society rich in smiles, as embodied in our corporate philosophy. Sustainability is integral to our corporate dignity and essential for realizing our corporate principles. We regard responsible business activities—across environment, labor and human rights, ethics, and the entire supply chain—as key management challenges. This Silver Medal from EcoVadis confirms that our sustainability efforts meet certain global standards; however, we see this not as an endpoint but as a stepping stone towards continuous improvement. We will deepen our initiatives across the entire value chain and strive to remain a trustworthy company for society and our business partners."

About EcoVadis

EcoVadis operates as a sustainability and supply chain rating agency, assessing over 170,000 companies across 185 countries. As sustainability becomes an increasingly critical aspect of corporate governance, many global enterprises reference EcoVadis ratings when selecting business partners and suppliers. The organization's evaluations are widely recognized for their credibility on the international stage.