TCFD Initiatives

Support for the TCFD Recommendations

As global environmental issues are becoming more serious, such as disasters and climate change caused by global warming, the Group, as a member of the society shifting to low carbon economy, recognizes that addressing climate change is an important management challenge, and has expressed its support for the recommendations of TCFD (Task Force on Climate-related Financial Disclosures), which will serve as guidelines for issues to be tackled and disclosure of risk information. Going forward, while referring to the framework of the TCFD recommendations, we will sequentially disclose the "risks" and "opportunities" posed by climate change to the Group, starting with those items deemed necessary according to the Group's industry and business characteristics, and reflect them in our management strategies from a medium- to long-term perspective.

We intend to continuously contribute to the development of a sustainable society by promoting efforts to reduce greenhouse gas emissions and thereby promoting lowcarbonization of business activities by taking advantage of the technological and developmental capabilities that we have cultivated over the past century

*TCFD: A task force established by the Financial Stability Board (FSB) which is an international organization consisting of central banks and financial authorities of major countries and regions in the world. The TCFD published its final report in June 2017, recommending that companies disclose their "governance," "strategy," "risk management" and "indicators and goals" (11 items in total) related to risks and opportunities arising from climate change.