Endorsing the Recommendations by the Task Force on Climate-related Financial Disclosures (TCFD)
March 24, 2022
Tsubakimoto Chain Co. (President: Kenji Kose, Head office: Osaka, Japan) has expressed its support for the recommendations set forth by the Task Force on Climate-related Financial Disclosures (TCFD＊).
Addressing climate change is an urgent social issue and the most important issue in the Tsubaki Group’s medium- and long-term management plans. As such, the company will continue focusing on ways to reduce risks and take advantage of any opportunities that arise. Tsubaki will also be promoting proactive disclosure of information related to the risks and opportunities posed by climate change as recommended by the TCFD.
The Tsubaki Group has set both medium- and long-term objectives related to the environment and has been focusing on addressing climate change through its business activities by reducing CO2 emissions and developing eco products (environmentally-friendly products). The company will use its endorsement of the TCFD’s recommendations to further strengthen its activities, not only with the goal of protecting the global environment but also to promote the sustainable development of society as well as the sustainable growth of the Tsubaki Group.
＊About the Task Force on Climate-related Financial Disclosures (TCFD)
The Task Force on Climate-related Financial Disclosures (TCFD) was established by the Financial Stability Board (FSB) at the request of G20 members to examine how to handle climate-related disclosures and financial institutions. In June 2017, the TCFD published its final report, in which they recommended that companies and other entities disclose all risks and opportunities related to climate change.
＊Official TCFD site (English)：https://www.fsb-tcfd.org/