TCFD reference table


Governance

Recommendations: Disclose the organization’s governance around climate-related risks and opportunities.

Recommended Disclosures Disclosures Website pages
a. Describe the board’s oversight of climate-related risks and opportunities.
  • Sustainability Promotion Committee monitors the status of efforts to combat climate change and other environmental issues.
  • Environmental issues, including climate-related issues, and the status of their efforts are reported to the Board of Directors annually and appropriately supervised.

Climate Change Mitigation and Adaptation

Sustainability Promotion Organization and System
b. Describe management’s role in assessing and managing climate-related risks and opportunities.
  • The identification and evaluation of climate change risks, as well as strategies and targets, are discussed and decided at the Management Meeting chaired by President ＆ Representative Director President, and reported to the Board of Directors.

Climate Change Mitigation and Adaptation

Strategy

Recommendation:  Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.

Recommended Disclosures Disclosures Website pages
a. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
  • Identify important transition risks, physical risks, and opportunities, and assess the impact on each business

Climate Change Mitigation and Adaptation
b. Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
  • Identifying key risks for the 1.5°C and 4°C scenarios
  • Identifying key opportunities for the 1.5°C scenario

Climate Change Mitigation and Adaptation
c. Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.
  • Considering the 1.5℃ and 4℃ scenarios
  • Promoting self-generation, energy conservation, and renewable energy procurement initiatives
  • Enhancement of disaster prevention measures through collaboration between individual businesses and businesses

Climate Change Mitigation and Adaptation

Risk management

Recommendation:  Disclose how the organization identifies, assesses, and manages climate-related risks.

Recommended Disclosures Disclosures Website pages
a. Describe the organization’s processes for identifying and assessing climate-related risks.
  • Evaluate the importance of identified risks and opportunities in terms of "feasibility" and "impact," and identify climate-related events that will have a significant impact on business.

Climate Change Mitigation and Adaptation

Sustainability Promotion Organization and System
b. Describe the organization’s processes for managing climate-related risks.
  • Corporate Planning Division ESG Promotion Group will act as the project leader and work with each business division to analyze risks and consider countermeasures.

Climate Change Mitigation and Adaptation

Sustainability Promotion Organization and System
c. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
  • Regarding company-wide risks, including climate-related risks, we consider, evaluate, and manage these risks when conducting risk analysis for each business and company every year.

Climate Change Mitigation and Adaptation

Risk Management

Metrics and Targets

Recommendation:  Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.

Recommended Disclosures Disclosures Website pages
a. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. Scope 1, 2
  • 2030: Reduce CO2 emissions by 46.2% (compared to FY2019) Renewable energy ratio of 50%
  • By 2050, Reduce CO₂ emissions to effectively zero, and renewable energy ratio will be 100% (RE100)
Scope 3
  • Reduce CO2 emissions by 30% by 2030 (compared to FY2019)

Environmental Vision 2030
b. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks. FY2023 GHG emissions (unit: t-CO2)
  • Scope 1 141,254
  • Scope 2 230,658
  • Scope 3 1,522,067

Environmental Information Data for the Company and its consolidated subsidiaries (Supply Chain Emissions)
c. Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. Scope 1, 2
  • 42.9% reduction compared to fiscal 2019
Scope 3
  • 42.0% decrease compared to FY2019
Renewable energy ratio
  • 43.7 points increase from FY2019

Environmental Information Data for the Company and its consolidated subsidiaries

Climate Change Mitigation and Adaptation (indicators and targets)