#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.

EDANA announces five new board members following 2026 Annual General Meeting

The EDANA Board of Governors is elected or re-elected at the Annual General Meeting by the member companies. The Governors are senior executives (business leaders) from member companies, based in different countries and representing different sectors of the nonwovens industry. The Board has central responsibility for guiding EDANA's overall strategy and approving its policies and priorities. It meets three times a year.

Cotton made in Africa partners receive top marks in independent verifications

Cotton made in Africa® (CmiA) and CmiA Organic are two internationally recognised standards that aim to promote sustainable development in the African cotton sector south of the Sahara. To ensure the standards’ credibility among brands, retailers, and consumers, independent verifiers evaluate compliance on the ground. The verification results for 2025, now published in the Aggregated Verification & Implementation Report, were very strong: The verifiers awarded consistently very good remarks regarding management, people, prosperity, and the environment.

Bangladesh: Italian textile machinery mission stops in Dhaka and Chittagong

Technological upgrading and the transition toward higher value-added production are driving the new Italian industrial mission to Bangladesh. This year, the mission will split between the country’s two main manufacturing hubs, where Italian manufacturers will meet the leaders of the local textile supply chain in two strategic stages: July 7th in Dhaka and July 9th in Chittagong.