YKK’s annual report This is YKK 2023 is out!

YKK Corporation has released its annual report This is YKK 2023 that combines financial and non-financial insights.

The report offers a holistic view of YKK’s management and business endeavours guided by the Cycle of Goodness® corporate philosophy as well as the company’s sustainability initiatives.

As per report, in FY ’22, YKK achieved a 46.9 per cent reduction in Scope 1 and 2 GHG emissions and a 20.9 per cent reduction in Scope 3 GHG emissions compared to the FY ’18 baseline.

The company further reported to have expanded its use of renewable energy, with 31 locations worldwide operating on 100 per cent renewable power, a year-on-year increase of 20 locations. YKK increased its use of sustainable materials to 26 per cent, a 14-point year-on-year improvement.

Additionally, 27.6 per cent of YKK’s packaging materials transitioned to sustainable alternatives, and landfill waste was reduced by 525 tonnes. The company has shared that the target year to reach a 90 per cent waste resource conversion rate was moved up from 2030 to 2025.

YKK also reduced water intake by 1.3 million tonnes compared to the FY ’18 baseline. YKK enhanced its chemical management by adopting ZDHC MRSL for manufacturing processes, integrating restricted substance management into product development and renewing its OEKO-TEX® STANDARD 100 certifications.

YKK also expanded products produced using AcroPlating® technology. Furthermore, the company implemented YKK Global Criteria of Compliance self-checks and audits at applicable locations and revised the YKK Group Human Rights Policy.