Toray Industries Climate Transition Analysis Update

Emissions, Petrochemicals, Chemicals, Financial Risk & Reward, Shareholder Engagement, Transparency & Traceability

Planet Tracker examined Toray’s climate transition strategy across its emissions profile, policy and engagement, governance, risk management, and capital allocation. Toray aims for carbon neutrality by 2050 and invests in low-carbon opportunities, however its focus on intensity-based and avoidance targets – rather than absolute reductions – undermines its alignment with the most ambitious climate goals.

Without stronger absolute reduction commitments, enhanced supply chain accountability, and clearer links between incentives and Net Zero goals, Toray appears more likely to align with a 2°C to 3°C scenario, rather than Paris Aligned targets.

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