Climate Change Data

TK Holdings Inc.

Climate Impact & Sustainability Data (2000-06 to 2016-06)

Reporting Period: 2000-06 to 2016-06

Environmental Metrics

ESG Focus Areas

  • Product Safety

Social Achievements

  • Launched a "Get the Word Out" campaign to maximize recall completion rates and conducted substantial consumer advertising to encourage car owners to bring their cars in for prompt replacement.
  • Implemented significant remedial oversight and compliance measures, including appointing an Independent Monitor, establishing anonymous reporting channels, appointing a Chief Safety Assurance and Accountability Officer, and creating a Product Safety Group.

Governance Achievements

  • Appointed an Independent Monitor to oversee Takata’s safety and compliance programs.
  • Established a Safety Hotline for employees to report concerns anonymously.
  • Appointed a Chief Safety Assurance and Accountability Officer.
  • Created a Product Safety Group to investigate and address safety-related issues.
  • Implemented improved internal processes for reporting compliance concerns and escalating manufacturing and quality problems.
  • Commissioned an independent audit of inflator validation reports.
  • Established an independent Quality Assurance Panel to review Takata’s practices and policies.

Climate Goals & Targets

Environmental Challenges

  • Airbag inflator ruptures during deployment, creating a safety risk to drivers and passengers.
  • Inaccurate reporting of test results and omission of important data in validation reports.
  • Manufacturing defects that promoted moisture intrusion into inflators.
Mitigation Strategies
  • Extensive root cause analysis involving scientific and technical experts.
  • Initiation of wide-ranging recalls and replacement of affected airbag inflators.
  • Implementation of improved testing and safety-review procedures.
  • Phasing out the production of inflators using PSAN propellant without desiccant.
  • Transition to non-PSAN propellant in Takata inflators.
  • Establishment of enhanced safety processes, including daily quality meetings, an early warning system, and global horizontal deployment system.

Supply Chain Management

Climate-Related Risks & Opportunities