TOYO Co., Ltd.
TOYO.US | Manufacture of measuring, testing, navigating and control equipment
TOYO Co., Ltd. is a Japanese company that primarily operates in the field of industrial automation and control systems. They specialize in the design, development, manufacturing, and sales of a wide range of products, including sensors, measurement instruments, control devices, and software solution...Show More
Better Health for All
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TOYO Co., Ltd. primarily operates in industrial automation and control systems, and more recently, solar energy. The provided articles focus on the company's financial performance, manufacturing expansion in solar cells, and general information about solar power. While solar power can indirectly contribute to public health by reducing air pollution,
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the articles do not provide specific evidence that TOYO's principal goods or services directly impact health outcomes, nor do they detail any health-related initiatives, programs, or investments by the company. Therefore, there is no explicit evidence to score any of the 'Better Health for All' KPIs.
Fair Money & Economic Opportunity
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No evidence available to assess TOYO Co., Ltd on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No specific, concrete data points for TOYO.US (TOYO Co., Ltd) were found across the provided articles for any of the KPIs under the 'Fair Pay & Worker Respect' value. While some articles mention 'TOYO Engineering Corporation' or 'TOYO Tire Corporation', these are distinct entities from 'TOYO Co., Ltd.' as specified in the prompt. Information regarding metrics such as living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, and health insurance coverage was either explicitly stated as 'no specific data available' or was not present in a quantifiable, verifiable form for TOYO Co., Ltd.
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Fair Trade & Ethical Sourcing
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No evidence available to assess TOYO Co., Ltd on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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TOYO Co., Ltd. has a formal Whistleblower Policy for Accounting and Auditing Matters, adopted March 1, 2024, which allows for anonymous reporting via email or mail and explicitly states a non-retaliation policy.
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This policy is a supplement to the company's Code of Business Conduct and Ethics.
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Complaints regarding accounting, internal accounting controls, or auditing matters are normally investigated within 30 days of receipt.
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The company also has a Global Anti-Corruption Compliance Policy, adopted March 1, 2024, which prohibits bribery and corruption, including indirect payments through third parties, and provides guidelines for gifts, meals, entertainment, and travel expenses.
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This policy mandates written agreements with third-party agents, including provisions for compliance, due diligence, and audit rights.
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However, the policy does not explicitly mention training frequency or effectiveness metrics. The company conducted a third-party evaluation of its Board of Directors for the first time in 2021.
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The PCAOB Form AP for the audit of financial statements ending December 31, 2023, indicates that DFK Vietnam Auditing Company participated with 5% to less than 10% of total audit hours, and another accounting firm participated with less than 5%.
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Kind to Animals
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TOYO.US utilizes non-clinical tests for biocompatibility, including cytotoxicity and genotoxicity, but also conducts animal studies such as a rabbit pyrogen study and a rabbit model study for the Nerbridge™ device, indicating that traditional animal assays are still prominent for product safety and efficacy.
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The company's CSR Procurement Guidelines, revised in January 2025, state that animal experiments and other issues should consider animal welfare.
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For supplier audits, 94% of tier-one suppliers returned CSR procurement surveys in FY2024, and 93% in FY2023.
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The Nerbridge™ device contains collagen derived from porcine skin; however, as the company's core business is industrial automation and no other animal inputs are mentioned, the ethical input substitution is scored neutrally.
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In terms of wildlife conservation, TOYO.US joined the 30 by 30 Alliance for Biodiversity in November 2022 and has its Toyobo Aya-no-Mori forest certified as a "site coexisting with nature" by the Ministry of the Environment and registered in the World Database on OECM.
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A survey of this forest found approximately 600 species, including 20 species listed in the Red Data Book.
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No War, No Weapons
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TOYO Co., Ltd. operates in defense and security, with products like multibeam echosounders and underwater vehicles having defense applications.
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The company's Risk and Compliance Committee submits an annual report to the Board of Directors on compliance initiatives, and a Security Trade Control Committee, chaired by an executive officer, oversees security trade control.
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TOYO has a Sustainable Procurement Policy that includes human rights and conducts questionnaire surveys for domestic suppliers, with plans to expand to overseas suppliers.
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In 2025, 37% of surveyed domestic suppliers were rated 'Medium Risk' and 29% 'High Risk'.
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TOYO endorses the Ten Principles of the UN Global Compact and promotes initiatives aimed at respecting human rights in line with the UN Guiding Principles on Business and Human Rights, and participates in the Global Compact Network Japan.
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The TOYO Corporation Group Code of Ethics and Legal Compliance and the TOYO Corporation Compliance Guideline define conduct standards.
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TOYO complies with Japan’s Foreign Exchange and Foreign Trade Act to prevent the proliferation of weapons of mass destruction and avoid excessive accumulation of conventional weapons.
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The company has a policy against using minerals from conflict-affected and high-risk areas and investigates their use, encouraging responsible mineral procurement.
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New suppliers undergo ESG surveys, including human rights compliance.
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TOYO approaches all supply chain partners to ensure support for its Human Rights Basic Policy.
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The company is constructing a solar cell manufacturing plant in Ethiopia's IDPC industrial park, with production scheduled to commence by the end of March 2025.
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Planet-Friendly Business
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No specific, concrete data points were found for TOYO Co., Ltd., which operates in industrial automation and control systems. The provided articles pertain to other companies, namely Toyo Tire Corporation, Toyota Motor Corporation, and Toyobo Co., Ltd., and therefore cannot be used to assess TOYO Co., Ltd.
Respect for Cultures & Communities
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No specific, quantitative evidence related to the 'Respect for Cultures & Communities' value was found for TOYO Co., Ltd. (TOYO.US) in the provided articles. The available articles primarily discuss diversity and inclusion initiatives within the company's workforce
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, or refer to other entities such as Toyo Tire Corporation
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, Toyo Seikan Group
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, or Toyo Engineering Corporation
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.
Safe & Smart Tech
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TOYO states compliance with GDPR and its privacy policies outline user rights to access, correct, delete, and withdraw consent for their data.
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The company also indicates it collects only necessary data and retains it for the required time.
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In terms of security training, 3,669 employees participated in email practice drills in 2023, leading to a reduction in incorrect email open rates from approximately 11% in 2022 to 2% in 2023.
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No specific details or quantitative metrics are provided for other Safe & Smart Tech KPIs.
Zero Waste & Sustainable Products
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The provided articles discuss sustainability initiatives and data for various entities such as Toyo Ink Group
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, Toyo Tire Group
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, Toyo Seikan Group
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, and Toyo Energy Solution
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. However, no specific evidence or quantitative data is provided for TOYO Co., Ltd., which is described as operating in industrial automation and control systems. Therefore, no KPIs can be scored for the company under assessment.