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        April 5, 2022

        “CN Promotion Department”,a newly established organization to accelerate the efforts for carbon neutrality

        Toray Engineering Co., Ltd. (head office: Chuo-ku, Tokyo; CEO & COO: Takashi Iwade; hereinafter “Toray Engineering”) has established a new organization to expedite its efforts toward a carbon neutral society, the “CN Promotion Department”.

        In the mid-term management plan started in FY 2020, Toray Engineering has integrated the perspective of Creating Shared Value (CSV) into its continuing important management task of Corporate Social Responsibility (CSR); it offers solutions for social challenges throughout its business activities, striving to create both social value and economic value. Following CSR and CSV principles, the launched CN Promotion Department aims to increase and promote Toray Engineering’s efforts toward zero greenhouse gas emissions in its wide-ranging business domain.

        Using its technology, engineering competence, and know-how, Toray Engineering will continue to offer solutions for numerous challenges in the fields of Green Innovation, Life Innovation, Factory Automation, IoT/AI, and Digital Transformation (DX) as it contributes to the creation of a sustainable future society.

        Below are the details of the newly established “CN Promotion Department”.

        1. Name: CN Promotion Department (CN: Carbon Neutrality)
        2. Established: April 1, 2022
        3. Business outline:
        • (1) Collect and analyze information about CN-related laws and regulations and social trends
        • (2) Promote the gathering and sharing of related information in the Toray Engineering group
        • (3) Serve as a contact/liaison with concerned] organizations

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