Recruit Holdings earns the top rating in CDP2023 Supplier Engagement Rating for third year in a row

Mar 15, 2024

Recruit Holdings Co., Ltd (“the Company”) was rated as a top company on CDP's 2023 Supplier Engagement Rating (SER) and selected as a Supplier Engagement Leader for the third consecutive year by CDP, a London-based international non-profit environmental organization.

Read CDP’s announcement on the Supplier Engagement Leaderboard

CDP's SER evaluates corporate supply chain engagement on climate issues, and the assessment is based on four key areas: Governance, Targets, Scope 3 Emissions, and Supplier Engagement. The Company was again selected as a Supplier Engagement Leader and received the highest rating in the Supplier Engagement category, as per the previous two years. CDP’s 2023 Supplier Engagement Leaders are selected from over 450 of the top companies worldwide that responded to the CDP 2023 Climate Change Questionnaire.

About CDP

CDP was founded in 2000 and is a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on their environmental impacts, risks and opportunities by sending a questionnaire through CDP’s platform, and a record-breaking 23,000 companies responded. The Company has been recognized as an “A” list company for its leadership in corporate disclosure transparency and performance on climate change.

Read the release on our recognition as a Climate Change A-Lister

About Recruit Group's Supplier Engagement Initiatives

In May 2021, the Company announced its Commitment to Sustainability with the aim of contributing to a sustainable society and achieving sustainable growth. This initiative encompasses group-wide efforts to achieve a set number of ESG (environmental, social, and governance) goals by FY2030^*1. Among those commitments, the Company seeks to achieve carbon neutrality in greenhouse gas (GHG) emissions throughout its business activities in the short term, and throughout its entire value chain by FY2030^*2.

Scope 3 emissions within the value chain account for over 95%^*3 of the Company and its subsidiaries (“Recruit Group”) GHG emissions. Consequently, to achieve carbon neutrality throughout the entire value chain (Scope 3), the Group is strengthening collaborations with partners while also working to reduce emissions from its operational activities (Scopes 1 and 2).

Recruit Group is particularly focused on working with partner companies to refine the measurement of GHG emissions. This is because a better understanding of its Scope 3 emissions in greater detail contributes to bringing about more effective and specific measures for the reduction. For example, after the launch of the group-wide commitment for Scope 3 emissions in 2021, Recruit Co., Ltd., a Japan-based subsidiary from Matching & Solutions Strategic Business Unit (SBU), has strengthened collaboration initiatives with its partner companies with the aim of refining emission measurements by mutually sharing their medium- to long-term visions toward reducing GHG emissions.

These initiatives are extending to the Company’s other two SBUs. Indeed, part of our HR Technology SBU, has initiated collaborations with its partner companies and is exploring strategies to minimize GHG emissions. Discussions are also underway regarding partner training programs to raise awareness. Furthermore, at our Staffing SBU, a thorough analysis is taking place to identify the primary sources of emissions attributed to temporary staff commuting. Usually, such emissions are considered out of the scope of the value chain emissions, however, the Group addresses them as part of its environmental responsibility. To reduce these types of emissions, the SBU is now preparing to engage in dialogues with public transportation providers, such as railroad companies, to explore the possibility of expediting the transition toward alternative energy sources with lower emissions.

The Group’s SBUs are proactively working together to engage and foster collaborations with the partner companies they have joint relationships with. This kind of collective, cross-unit effort is accelerating the reduction of the Group’s overall GHG emissions.

Check the details of our supplier engagement initiatives (P.46)

Check other recognitions from external organizations

*1 In this document, the term “FY” refers to the Company’s fiscal year, and references to “FY” are to 12-month periods commencing in each case on April 1 of the year indicated and ending on March 31 of the following year.
*2 GHG emissions throughout the Company’s business activities are the sum of direct emissions from the use of fuels in owned or controlled sources and are referred to as Scope 1. Indirect emissions from the use of purchased electricity, heat, or steam in owned or controlled sources are referred to as Scope 2. GHG emissions from the value chain are referred to as Scope 3, and comprise indirect emissions other than Scope 1 and 2. The entire value chain represents the sum of Scopes 1, 2 and 3 GHG emissions. The Company aims to achieve carbon neutrality upon completion of the following steps: measurement of GHG emissions, obtaining an accredited third-party assurance on the amount of GHG emissions and offsetting those emissions.
*3 Data is based on the GHG emissions of FY2022.
*4 Information related to the Group’s environmental initiatives
　- Approval from SBTi (Science Based Targets initiative)
　- Recruit Group’s initiatives for Environment