Asahi Kasei to support the recommendations of the TCFD

May 27, 2019
Asahi Kasei Corp.

Asahi Kasei has decided to support the recommendations of the Task Force on Climate-related Financial Disclosures (TFCD).

The TFCD was established by the Financial Stability Board (FSB), which comprises members such as the finance ministries, financial regulators, and central banks of twenty-five of the world’s major countries and regions, to make recommendations for corporations to perform information disclosure related to climate-related risks and opportunities. Please refer to the TFCD website at https://www.fsb-tcfd.org/ for more information.

Climate change including global warming may have significant effects on society, the ecosystem, and corporations, and it poses an important challenge to be addressed as the Paris Agreement shows. Actions and regulations to prevent climate change may also affect social structures and business strategies. As recognition and disclosure by corporations of their own risks and opportunities will both benefit stakeholders and increase corporate value, Asahi Kasei has decided to support the recommendations of the TCFD.

With its Group Mission of contributing to life and living for people around the world, Asahi Kasei considers it vital to reduce greenhouse gas (GHG) emissions and to raise emission efficiency, while furthermore advancing various business operations that contribute to reduced GHG emissions around the world.

Asahi Kasei will continue to work toward the sustainability of society and the planet in accordance with its Group Vision of providing new value to society by enabling “living in health and comfort” and “harmony with the natural environment.”