The 2023 CSV Progress Report describes the company’s vision, environmental and activity policies, management, target goals, and the company’s progress-to-date regarding sustainability initiatives.
Kyowa Hakko Bio has released its inaugural Creating Shared Value (CSV) Progress Report detailing the company’s impact on global health and sustainability. Kyowa Hakko Bio is a member of the Kirin Group, and parent company of Kyowa Hakko USA. The 2023 CSV Progress Report describes the company’s vision, environmental and activity policies, management, target goals, and the company’s progress-to-date regarding sustainability initiatives that are directly tied to many of the United Nation’s Sustainability Development Goals.
“Corporations have the unique opportunity to make significant impacts on environmental and social issues,” said Gerard Adams, president and CEO, Kyowa Hakko USA, Inc., in a press release. “Kyowa Hakko Bio is consistently advancing CSV initiatives to address environmental impacts and human rights through every stage of the value chain, and this report allows us to make these efforts accessible to the industries and consumers we serve.”
As the company grows, Kyowa Hakko Bio is a working to balance its growth with the need to reduce its impact on the environment. Among its goals is to achieve net-zero greenhouse gas emissions by 2050 by shifting to energy-saving equipment such as high-efficiency boilers which the company introduced to its U.S. site in 2020. These boilers reduce the company’s natural gas consumption by about 8%. Kyowa Hakko Bio also aims to use 100% renewable energy across all its operations by 2040, and has introduced “Renewable Energy Certificates (I-REC)” at its overseas facilities as well as leasing unused land to large-scale solar power generation companies in order to increase clean energy.
Water reduction is another important aspect of Kyowa Hakko Bio’s conservation activities. As a result, the company has installed water-saving equipment and implemented cooling systems for recycling and reusing water. Its wastewater standards are also stricter than those required by regional regulations and uses excess sludge for composting and other purposes at overseas facilities to help keep waterways clean.
Another goal of Kyowa Hakko Bio is to achieve 100% use of Forest Stewardship Council certified or recycled paper for packaging materials by 2030, which four of its five sites have already accomplished.
“Consumers are spending their money on brands that align with their personal values, and we’re proud to give sustainability-minded shoppers more confidence to purchase products made with Cognizin, IMMUSE, and other branded ingredients from Kyowa Hakko Bio,” said Karen Todd, vice president of global brand marketing for Kyowa Hakko USA.