#Textile chemistry

2021-11-18

Toray receives top MSCI ESG rating

Toray Industries, Inc., announced today that it has become the sole commodity chemicals company among the 50 assigned an MSCI ESG Rating (see note 1) to obtain a coveted AAA.

This achievement is testament to Toray’s progress in deploying carbon dioxide emissions reduction and other climate change measures, developing eco-friendly technologies and commercializing products employing them, and managing water resources.

MSCI Inc. states that MSCI ESG Rating “measures a company’s resilience to long-term, industry material environmental, social and governance (ESG) risks.” It compares companies with peers worldwide on that basis, and assigns leader (AAA, AA), average (A, BBB, BB), and laggard (B, CCC) ratings. In Japan, just 15 companies from all industries have AAA ratings.

In keeping with its corporate philosophy of contributing to society by creating new value with innovative ideas, technologies, and products, Toray strives relentlessly to create advanced materials that help resolve key social issues.

The company will continue to help materialize the United Nations’ Sustainable Development Goals and the Paris Agreement’s objectives.

The company is endeavoring under the Toray Group Sustainability Vision, formulated in July 2018, to contribute to the following for the world by 2050:

1. A net zero emissions world, where greenhouse gas emissions are completely offset by absorption

2. A world where resources are sustainably managed

3. A world with a restored natural environment, with clean water and air for everyone

4. A world where everyone enjoys good health and hygiene

Corporate Social Responsibility is a top management priority for Toray. As well as helping resolve social issues through business, the company tackles such ESG challenges as safety, accident prevention, environmental preservation, ethics, and compliance.

Toray will keep disclosing information appropriately in serving its diverse stakeholders.

Notes

1. MSCI is a financial services company based in New York City. It is listed on the New York Stock Exchange and provides a range of critical decision support tools and services for public pension funds, asset management firms, hedge funds, and other institutional investors around the world.

The MSCI website is:

https://www.msci.com

2. The use by Toray Industries, Inc., of data, logos, trademarks, service marks or index names from MSCI ESG Research LLC or its affiliates (MSCI) does not constitute MSCI’s sponsorship, endorsement, or promotion of Toray. MSCI’s services and data are the property of MSCI or its information providers, and are provided “as is” without any representation or warranty of any kind. The MSCI name and logo are trademarks or service marks of MSCI.

Toray develops recycling technology that retains carbon fiber strength and surface quality

Toray Industries, Inc., announced today that it has developed a recycling technology that can decompose diverse carbon fiber reinforced plastics (CFRP) made from thermosetting resins while retaining the strength and surface quality of those fibers. The company drew on this technology to create a nonwoven fabric employing recycled carbon fibers.

HEAD launches more sustainable(1) BOOM RAW racquet on Earth Day by using Toray’s bio-circular carbon fibers

HEAD continues to innovate with the launch of the BOOM RAW tennis racquet, an encouraging development in the search for a more sustainable future for racquet sports. All of the carbon fibers are bio-circular carbon fibers in the limited-edition and highly innovative BOOM RAW racquet, which offers the same explosive power - along with the same fun, feel and easy playability - as the regular, in-line BOOM racquet. The bio-circular carbon fibers are manufactured by Toray and its subsidiary Toray Carbon Fibers Europe.

SOKO presents low-impact denim finishing innovations at Denim PV Milan

SOKO will present a range of sustainable denim finishing technologies and collaborative projects at the upcoming Denim Première Vision Milan on 20–21 May in Milan. At booth G27 in Superstudio Più, the company will showcase new chemical solutions designed to combine fashionable denim effects with reduced environmental impact.

TM WEFT, 270" – More width, more design freedom for the fashion world

KARL MAYER is expanding its successful TM WEFT series with an innovative model that opens up new possibilities, particularly in the fashion & apparel sectors. With a working width of 270", this new machine with weft-insertion not only offers significantly higher output than its narrower counterparts but is also specifically tailored to the demands of dynamic clothing market – particularly in China and Türkiye. A well-thought-out upgrade also ensures even greater design versatility.

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.