Support for the TCFD Recommendations and Analysis of Climate-Related Risks and Opportunities
First written in FY2023. 3 of 4 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Since January 2022, the Group has maintained a Sustainability Committee comprising internal directors and chaired by the Representative Director, President and CEO. With the Corporate Planning Department and Human Resources and General Affairs Department serving as its secretariat, the Committee meets at least once every six months to formulate and promote basic sustainability policies, including climate- and nature-related issues, develop the sustainability promotion framework, identify medium- to long-term risks and opportunities, formulate and revise materiality, initiatives and transition plans, and regularly review progress. The Committee also reports its activities to the Board of Directors at least once every six months, and the Board of Directors oversees and advises on progress in initiatives concerning risks and opportunities related to sustainability issues across the Group and medium- to long-term targets.」
The Company detailed a framework for incorporating climate- and nature-related risks, opportunities and transition plans into regular reporting by and oversight from the Sustainability Committee and the Board of Directors for disclosures based on the TCFD recommendations. - FY2025AdvancedAnnual report
「Since January 2022, the Group has maintained a Sustainability Committee comprising internal directors and chaired by the Representative Director and President. … The Committee also reports its activities to the Board of Directors at least once every six months, and the Board of Directors oversees and advises on progress in initiatives concerning risks and opportunities related to sustainability issues across the Group and medium- to long-term targets. In addition, the Group has decided to incorporate greenhouse gas emissions reductions into executive compensation.」
In addition to support for, analysis under and disclosure based on the TCFD recommendations, the Company disclosed semiannual reporting by the Sustainability Committee to the Board of Directors, oversight by the Board of Directors and the incorporation of GHG emissions reductions into executive compensation. - FY2024-Q1AdvancedAnnual report
「The Company also focused on promoting sustainable management by disclosing information based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and actively introducing renewable energy at its domestic production and sales sites.」
The Company progressed from supporting the TCFD recommendations and beginning its analysis to implementing disclosure based on the recommendations. - FY2023First statedAnnual report
「The Group recognizes climate change as one of its key management issues and announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in January 2023.」
The Company announced its support for the TCFD recommendations and began analyzing transition risks, physical risks and opportunities under 1.5°C–2°C and 4°C scenarios, assessing their financial impact and considering response measures.