Tokiwa Phytochemical Co., Ltd. (Representative Director: Jin Tatsuzaki) (hereinafter ” TOKIWA “), announced on March 29, 2024, that it has participated in the “Positive Impact Evaluation” Initiative offered by Chiba Bank, under the leadership of President Tsutomu Yonemoto.
The “Positive Impact Evaluation” is a comprehensive analysis and evaluation of the impacts (both positive and negative) that corporate activities have on the economy, environment, and society, with the aim of providing ongoing support for corporate activities.
The evaluation conducted by Chiba Bank, in collaboration with its group company Chibagin Research Institute, supports businesses in setting Key Performance Indicators (KPIs) and managing their progress. Moreover, to ensure objectivity, assessments conducted jointly by Chiba Bank and Chibagin Research Institute will obtain third-party opinions*1 from Japan Credit Rating Agency, Ltd.
Furthermore, it is noted that the framework of this initiative aligns with the “Positive Impact Finance Principles” publicly disclosed by the United Nations Environment Programme Finance Initiative (UNEP FI) *2., and similarly, third-party opinions have been obtained from Japan Credit Rating Agency, Ltd. to verify compliance.
Established in 1949, TOKIWA is Japan’s first specialized company in phytochemistry. Headquartered in Sakura City, Chiba Prefecture, the company extracts and refines functional components from plants such as Bilberry extract, Ginkgo biloba leaf extract, and Rafuma leaf extract. These products serve as active pharmaceutical ingredients, health food, and raw materials for cosmetics, sold to over 2,000 businesses worldwide.
TOKIWA collaborates with universities and research institutions to focus on research and development related to the functionality of plants. In addition to manufacturing raw materials, the institute also provides analytical services and contract refining, catering to all needs related to phytochemistry.
Celebrating its 75th anniversary in 2024, TOKIWA aims to become the world’s leading phytochemistry company on its journey toward its centenary. Through its engagement in Positive Impact Assessment, the company will advance its sustainability management to achieve this goal.
*1 For more information on the third-party opinion regarding compliance with the “Principles for Positive Impact Finance” and the rationality of the KPIs used, please visit the Japan Credit Rating Agency’s website.（https://www.jcr.co.jp/en/greenfinance/）
*2 Organization established based on a voluntary agreement between the United Nations Environment Programme (UNEP), a subsidiary body of the United Nations, and financial institutions
*Third-Party Opinion on the Positive Impact Evaluation of Tokiwa Phytochemical Co., Ltd. Conducted by Chiba Bank.
https://www.jcr.co.jp/download/b5582be113f071bb7bfb81fbec5bffb83783f87b4cb73b024b/23d1741.pdf
*Please check Chiba Bank’s press release.
https://www.chibabank.co.jp/english/pdf/topic/2024/topic20240412_01.pdf