EnvironmentResponses to Climate Change
(Disclosure based on TCFD Recommendations)
Fujikura Kasei identifies climate change as one of its priority issues and has expressed its agreement with the Task Force on Climate-Related Financial Disclosures (TCFD) in May 2023. Going forward, we will analyze and assess the impacts of climate change on our business activities in line with TCFD recommendations and formulate measures based on multiple scenarios. Furthermore, we will endeavor to strengthen the resilience of our businesses and disclose our initiatives to all stakeholders.
Governance
We will establish a framework to ensure that important resoluti ons concerning climate change are discussed and decided on as management issues by the Sustainability Committee, which is chaired by the president, and by the Board of Managing Directors. Also under this framework, all resolutions will be properly supervised and monitored by the Board of Directors.
Specific responses and initiatives will be discussed by the Sust ainability Committee, and the content of these discussions will be reported to the Board of Directors at least once a year. The sustainability committee composed of full-time directors, shall convene twice a year or more, as necessary.
Strategy
We have analyzed scenarios based on TCFD recommendations and co nducted a business impact assessment (Fujikura Kasei non-consolidated) of risks and opportunities that have been ide ntified, in light of the world outlook if temperatures were to increase by 1.5°C and 4°C.
Overview and responses to the risks and opportunities of climate change on Fujikura Kasei
Risk management
Risks that may hinder our business activities and necessary measures aga inst such risks will be dis cussed and examined by the Sustainability Committee. Risks and opportunities associated with climate change will be identified by the committee and addressed by the entire company.
Metrics and targets
Fiscal 2023 greenhouse gas emissions by Fujikura Kasei (on a domestic consolidated basis) are shown in the table at right. As part of our commitment to reducing the environmental impact of our business activities, we have set a goal of reducing Scopes 1 and 2 CO₂ emissions from Fujikura Kasei's non-consolidated business activities by 41% by fiscal 2030 compared to fiscal 2013 levels.
