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.