July 31, 2024

TDK Corporation (TSE:6762) released its Sustainability Report 2024 on July 31, 2024.
The report, which is aimed at a wide range of stakeholders including experts in ESG investment, reports comprehensively on TDK's sustainability activities and has been released on the Sustainability section of the TDK website.

To coincide with the release TDK has also redesigned the top page with the new addition of a Sustainability Journey section sharing the story of TDK's sustainability initiatives. The first entry under Sustainability Journey features a talk between TDK's Chief People and Sustainability Officer (CPSO) and the General Manager of the Sustainability Promotion HQ. During the talk the two exchanged views about the background, current state, and future prospects of TDK's renewable energy (RE) initiatives, among other topics. TDK will continuously update this section with information about TDK's sustainability efforts.

Sustainability

https://www.tdk.com/en/sustainability/index.html

Overview of Sustainability Report 2024

● Announcement of key issues (materiality)

In May 2024 TDK formulated its Long-term vision “TDK Transformation: Accelerating transformation for a sustainable future.” In response, TDK re-articulated the resource of competitive advantages that have supported our long-term growth to date and established key issues (Materiality) aimed at achieving the Long-term vision and enhancing corporate value.

Basic approach to key issues (Materiality)

● Reporting on the results of FY2023 activities

In each area of ESG (environment, society and governance) TDK have reported on basic approaches, governance, strategy, risk management, metrics & targets, and initiatives.

[Key points in the report]

• “Human capital” has been established as a new item, introducing human capital strategies that ensure reforms by championing and nurturing a diverse range of talent.
• TDK joined the Responsible Business Alliance (RBA) in 2020 to prevent and mitigate human rights risks. From fiscal 2021 to 2023, 100% of our sites underwent either an official RBA audit, a CSR audit performed by customers, or a simplified CSR assessment based on the RBA audit standards.
• A TCFD/TNFD page was set up to summarize efforts related to climate change and natural capital.
• Our goal to source 50% of electricity from renewable energy by fiscal 2025 was achieved globally ahead of schedule in fiscal 2023.
• In July 2024 our greenhouse gas reduction target was certified.