Daikin focuses heavily on sustainable operations and investments
Daikin Industries undertakes internal and external ESG initiatives. In July 2021, the company expanded the non-assertion agreement with other industry players for its low global warming potential (LGW) HFC-32 refrigerant. The sacrifice of revenue and market share for the benefit of the industry and environment impresses competitors and customers. Later in July, Daikin made its first investment in a chemical company, OCSiAI, developing lithium-ion battery materials for electric vehicles. In May 2021, the company donated 200 oxygen concentrators to Indian medical facilities combatting the COVID-19 (coronavirus) pandemic.
ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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