Disclosure based on the TCFD Recommendations

Basic Approach

Approach to Climate Change

The effects of climate change have intensified in recent years, and the increase in greenhouse gas (GHG) emissions can be mentioned as a factor. The Paris Agreement agreed to at COP21 in 2015 raised “holding the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels” as a common global goal.
For some time now, the Company has raised the following as its corporate mission: “Our mission is to develop new, innovative technologies and applications with a commitment to environmental sustainability, thereby enabling the advancement of technology for the betterment of humanity.” We support the thinking of the Paris Agreement because we have balanced our business activities with environmental conservation. In addition, when formulating our Medium- and Long-term Business Plan 2023, we identified 18 materialities as important issues that we will work on with priority towards the realization of a sustainable society and have raised “response to climate change” as one of our most important issues.
The Company has also been working on the reduction of GHG emissions until now, such as establishing an Energy-Saving Committee at each plant to manage energy consumption meticulously. From now on, we will promote the reduction of environmental burdens even further by grasping the emissions of each base, setting medium- and long-term reduction targets for the Company as a whole, and considering various measures.
In addition, we implement disclosures based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) from the perspective of information disclosure to the Company’s stakeholders. The TCFD recommendations consist of four elements: governance; strategy; risk management; and metrics and targets, and we are also advancing disclosures based on these. We will continue to contribute to the realization of a sustainable society by raising the transparency of disclosures and improving the quality and quantity of content and initiatives through dialogue with stakeholders, including investors.

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