LY Corporation Selected to CDP Climate Change A List for the First Time, Securing a Top Rating

LY Corporation ("LYC") has been included for the first time in the Climate Change A List, a top rating, in the FY2024 survey by CDP, a global non-profit organization for environmental information disclosure.

CDP is a global non-profit environmental organization that surveys and assesses companies and municipalities worldwide on their efforts in setting high goals, managing risks, and disclosing information on environmental issues. CDP's annual assessment process aligns with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, a framework for disclosure on climate change, and is widely recognized as the global standard for assessing corporate environmental activities. In 2024, the number of companies providing disclosures through CDP rose to 24,800, representing over two thirds of global market capitalization. More than 2,100 Japanese companies have disclosed data through CDP, including over 70% of companies listed on the TSE Prime Market (as of April 1, 2024).

In the assessed climate change category, the LY Corporation Group addresses climate change by setting targets in terms of "mitigation" and "adaptation." In terms of mitigation, the Group carries out various initiatives, such as introducing renewable energy sources with additionality, to reduce the emission of greenhouse gases, which is the cause of climate change and global warming. The goal is to achieve net-zero greenhouse gas emissions for Scope 1 and Scope 2 within the LY Corporation Group by FY2030. Furthermore, the Group aims to achieve net-zero greenhouse gas emissions for Scope 1, 2, and 3 by FY2050. In terms of adaptation, the Group takes measures based on an outlook that global warming will continue for the foreseeable future. In particular, increasingly intensifying disasters are considered as a priority area, along with BCP. Going forward, the LY Corporation Group intends to engage in further measures such as shifting to 100% renewable energy.

LY Corporation Group's Roadmap to Achieving Carbon Neutrality

In addition to this selection, LY Corporation is included in the DJSI World, DJSI Asia Pacific, and in all six ESG indices* for Japanese stocks adopted by Japan's Government Pension Investment Fund (GPIF), including the MSCI Nihonkabu ESG Select Leaders Index.

^{*MSCI Nihonkabu ESG Select Leaders Index, MSCI Japan Empowering Women Index (WIN), FTSE Blossom Japan Index, FTSE Blossom Japan Sector Relative Index, S&P/JPX Carbon Efficient Index, and Morningstar® Japan ex-REIT Gender Diversity Tilt Index℠}

While upholding targets based on the material issues it identifies, LYC actively promotes and discloses diverse ESG initiatives under its mission statement of "Create an amazing life platform that brings WOW! to our users." In this way, LYC will continue doing its part in resolving social issues and making a sustainable society into a reality.

References:
CDP – CDP Scores and A Lists
https://www.cdp.net/en/data/scores (external website) 

LY Corporation – Sustainability
https://www.lycorp.co.jp/en/sustainability/

LY Corporation – Acknowledgment as a Sustainable Company
https://www.lycorp.co.jp/en/sustainability/esg/recognition/

Disclaimer
This is an English translation of the original release in Japanese. This translation has been prepared and provided for the sole purpose of the reader’s convenience. All readers are recommended to refer to the original version of the release for complete information.