Kanematsu to Support Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and Join the TCFD Consortium

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July 21, 2021

Kanematsu Corporation is pleased to announce that we have pledged our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD*1) and joined the TCFD Consortium*2, a consortium of companies, financial institutions, and other organizations supporting the recommendations.

*1 The TCFD was established by the Financial Stability Board (FSB) in 2015 following a request from the G20. The organization encourages companies to assess the financial impact of climate change-related risks and opportunities on business management, and to disclose relevant governance structures, strategies, risk control measures, indices, and goals.

*2 In the consortium, companies, financial institutions, and other organizations supporting the TCFD recommendations work together to drive initiatives forward, and discuss how to ensure effective information disclosure by companies and enable financial institutions, etc. to make appropriate investment decisions based on disclosed information.


Decarbonization initiatives represent one of the five key issues (materiality) that we as a Group aim to engage in through business activities. Aiming to achieve net zero greenhouse gas emissions, we will promote our clean fuel and renewable energy business to contribute to the mitigation of global warming.

Going forward, we will strive to disclose information in accordance with the TCFD's framework to make it easier for stakeholders to learn about and understand the climate change-related risks and opportunities associated with our business.


Contact:
Kanematsu Corporation Public & Investor Relations Section
https://www.kanematsu.co.jp/en/inquiry/

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