Press release
- Corporate
- Promoting the spread of environmentally friendly base materials, material circulation businesses, and international standard ESG initiatives -
TBM Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director and CEO: Nobuyoshi Yamasaki; hereinafter referred to as TBM) is pleased to announce that it has won the ESG Investment category of the Tokyo Financial Award 2023, sponsored by the Tokyo Metropolitan Government.
■ The Award Summary
Under its mission of "Bridging today and the future we want." TBM is working to realize Decarbonization society and a circular economy by promoting LIMEX, an environmentally friendly alternative to plastic and paper made from calcium carbonate (limestone), both domestically and internationally, as well as resource management and the construction and operation of material circulation platform. In 2022, TBM launched Yokosuka circular factory, Japan's largest recycling plant, which automatically sorts and recycles LIMEX and plastic. This is in line with the ambitious goals of the TBM Pledge 2030: to become carbon negative by 2030 and to recycle one million tons of LIMEX and plastic in 50 countries by 2030. The company is also expanding its business globally.
TBM was recently recognized as an outstanding company in promoting ESG material circulation business friendly material "LIMEX," contributions to global environmental issues such as resource depletion, climate change, and marine plastic pollution through resource recycling businesses, voluntary responses to the climate change questionnaire from the international environmental information disclosure platform CDP, and promotion of diversity and inclusion. ・TBM Sustainability Page: https://tb-m.com/sustainability/
■ Comments from the award winner
Tokuro Hatori (TBM Co., Ltd. Executive Officer, CSuO / Head of Sustainability Department)
We are very pleased to receive the prestigious Tokyo Financial Award. Since our founding, we have been challenging ourselves in developing environmentally friendly materials and material circulation In 2018, we formed a sustainability specialist team and have been working to expand the positive impact and minimize the negative impact through our business. TBM is unusual among unlisted startups in that we voluntarily answer the CDP questionnaire, an international ESG standard, every year and have also been working on disclosing non-financial information to investors. By working to promote sustainability in startups, where there are still few examples, we aim to not only create an impact through our business, but also to give back what we have learned to the startup community. We will continue to work hard with our customers, collaborative partners, and financial institutions to build a bridge to the future we want to move forward to.
■ About the Tokyo Financial Awards
In November 2017, the Tokyo Metropolitan Government announced the "Tokyo International Financial City" vision, which outlines the ideal city and specific measures to be implemented in order for Tokyo to shine as a world-leading international financial city. As part of this initiative, the Tokyo Financial Award was established to recognize financial businesses that develop and provide groundbreaking financial products and services that help resolve the needs and issues of Tokyo residents and businesses within the city, as well as businesses that promote ESG investment.
・Tokyo Financial Awards 2023 official website: https://www.finaward.metro.tokyo.lg.jp/