Disclosure in line with TCFD Recommendations
Introduction
We recognize that strengthening Sustainability Management is an important issue and looking to the future and bearing in mind the SDGs (*1), we hope to contribute to the realization of an ecofriendly and affluent society. We will work to create economic, social, and environmental value, while helping to realize a sustainable society. We are committed to creating economic, social, and environmental value. With regard to the thirteenth goal, "Climate Action", we recognize the urgent need to assess the risks and opportunities posed by global warming to our group's business and to formulate a long-term management strategy through scenario analysis.
We will proactively work to enhance our climate change-related information disclosure in accordance with the TCFD (*2) recommendations from the perspective of "Governance," "Strategy," "Risk Management," and "Metrics and Targets".
| *1 | SDGs: Sustainable Development Goals |
| *2 | TCFD: Task Force on Climate-related Financial Disclosures |
TCFD Recommended Disclosures
| 1. Governance | 2. Strategy | 3. Risk Management | 4. Metrics and Targets | |
|---|---|---|---|---|
| a) | Describe the board’s oversight of climate-related risks and opportunities. | Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term. | Describe the organization’s processes for identifying and assessing climate-related risks. | Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. |
| b) | Describe management’s role in assessing and managing climate-related risks and opportunities. | Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. | Describe the organization’s processes for managing climate-related risks. | Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. |
| c) | Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. | Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management. | Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |