Climate Change Initiatives (aligned with TCFD recommendations)
Introduction
Our company recognizes strengthening sustainability management as a crucial management issue, and with the SDGs (*1) in mind, we aim to contribute to the realization of an environmentally friendly and prosperous society. We will strive to create economic, social, and environmental value and aim to realize a sustainable society. In particular, regarding the 13th goal, "Take urgent action to combat climate change and its impacts," we recognize that it is urgent to assess the risks and opportunities that global warming brings to our group's business and to formulate a long-term management strategy through scenario analysis.
Our company is actively working to enhance information disclosure in accordance with the TCFD (*2) recommendations regarding climate change, from the perspectives of "governance," "strategy," "risk management," and "indicators and targets."
*1 SDGs: Sustainable Development Goals
*2 TCFD: Task Force on Climate-related Financial Disclosures
TCFD Recommended Disclosure Items
| 1. Governance | 2. Strategy | 3. Risk Management | 4. Indicators and Targets | |
|---|---|---|---|---|
| (a) | This document explains the Board of Directors' oversight mechanism regarding climate-related risks and opportunities. | This document describes the short-term, medium-term, and long-term climate-related risks and opportunities identified by the organization. | This describes the process by which an organization identifies and assesses climate-related risks. | Organizations should disclose the metrics they use to assess climate-related risks and opportunities in accordance with their own strategies and risk management processes. |
| (b) | This explains the role of management in assessing and managing climate-related risks and opportunities. | This document explains the impact of climate-related risks and opportunities on an organization's business, strategic, and financial plans. | This describes the process by which an organization manages climate-related risks. | Disclose your Scope 1, Scope 2, and, where applicable, Scope 3 greenhouse gas (GHG) emissions and the associated risks. |
| (c) | Based on considerations of various climate-related scenarios, including a scenario analysis of temperatures below 2°C, we will explain the resilience of the organization's strategy. | This document describes how an organization integrates its processes for identifying, assessing, and managing climate-related risks into its overall risk management. | This document describes the objectives the organization uses to manage climate-related risks and opportunities, and its performance against those objectives. |