Endorsement of Recommendations of Task Force on Climate-Related Financial Disclosures (TCFD)

Toyo Seikan Group Holdings, Ltd.(represented by Ichio Otsuka, President) has expressed its support for the recommendations of the Task Force on Climate-Related Financial Disclosures(TCFD)*.


In May 2021, the Toyo Seikan Group formulated a new long-term management vision toward the year 2050, the Long-Term Management Vision 2050 "The Future, Wrapped for All," in order to think about the society and the global environment from a long-term perspective to maximize the value the Group offers to all its stakeholders. Under the long-term vision, we have set quantitative and qualitative management targets to be achieved by 2030 as the Mid- to Long-Term Management Goals 2030 to help create a sustainable society, stepping up efforts to be carbon neutral by 2050.


Following our endorsement of the recommendations, we will advance our study into the impact of climate-related risks and opportunities on our business operations, and will promote information disclosure based on the TCFD framework.


* The TCFD is a task force established by the Financial Stability Board (FSB) at the request of the Group of Twenty (G20) to discuss how climate-related information should be disclosed and how financial institutions should respond to matters associated with climate change. In June 2017, the TCFD released its final report in which it recommends that companies and other organizations disclose information about the four thematic areas of governance, strategy, risk management, and metrics and targets.


＜Reference＞
Long-Term Management Vision 2050 "The Future, Wrapped for All" and Mid- to Long-Term Management Goals 2030
Toyo Seikan Group Environmental Policy and Mid- to Long-Term Environmental Goals