Oversight and Management of Climate Change Risks Based on the TCFD Recommendations
First written in FY2022. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
7 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Company conducted scenario analysis, referencing SBT-approved levels, to identify business challenges that may emerge in the transition to a decarbonized society and set the following medium- to long-term targets. Scope 1 and 2: 1.5°C scenario 4.20% 272tCO2 165tCO2; Scope 3: WB2°C scenario 2.50% 15,424tCO2 12,425tCO2」
The Company advanced climate change management under TCFD, conducted scenario analysis with reference to SBT-approved levels, and set GHG reduction targets for Scope 1 and 2 and Scope 3, with FY27 as the short-term target and FY34 as the target year. - FY2023AdvancedAnnual report
「In fiscal 2021, the Company established the Sustainability Promotion Committee as a subordinate body to the Management Committee. To propose how the Group should address sustainability in order to enhance corporate value from a sustainability perspective, the committee deliberates on ① identifying and periodically reviewing materiality, ② setting and measuring/evaluating materiality targets (KPIs), ③ responding to climate-related risks and opportunities, ④ coordinating sustainability activities across the relevant departments, and ⑤ considering sustainability-related disclosures, and reports to the Management Committee and the Board of Directors.」
The Company has specified its operating framework, from the TCFD-based climate change management presented in the previous fiscal year through the Sustainability Promotion Committee's agenda, KPI setting and evaluation, and reporting to the Board of Directors. - FY2022First statedAnnual report
「Accordingly, the Company discloses information on governance and risk management under the TCFD (Task Force on Climate-related Financial Disclosures) framework regarding the impact of climate-related risks on its business activities, earnings and other matters. ⅰ) Governance The Board of Directors continuously monitors the situation based on reports and advice from the Sustainability Promotion Committee regarding climate change risks, formulates policies, oversees various initiatives, and directs reviews of business strategies and responses as necessary. ⅱ) Risk management The Risk Management Committee identifies risks requiring management based on the Basic Regulations for Management Risk Management, and positions climate change risk as one of those risks.」
The Company began disclosures based on the TCFD framework and outlined a system for monitoring, identifying, assessing and reporting involving the Board of Directors, the Sustainability Promotion Committee, the Risk Management Committee and the Sustainability Promotion Department.