Action for TCFD
In February 2020, we became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD). We have not only listed
climate change as a material issue in Vision for 2030, which was formulated and released in March 2020, and strengthened efforts to
achieve the vision of “a company that actively undertakes climate change countermeasures, by reducing emissions and stably supplying
products contributing to a low-carbon society, a future with zero greenhouse gases (GHGs),” but also indicated that we will
move forward with disclosure of related information. The TCFD recommends that the disclosure of climate change-related risks and
opportunities should be organized according to four core elements of corporate management and operations (governance, strategy,
risk management, and metrics & targets), and we are disclosing information in line with these recommendations.
The Group responds to the CDP Climate Change Questionnaire annually regarding its GHG management.
Climate Change Scenario Analysis
We considered two scenarios for 2050.
1.5˚C scenario
A scenario in which ongoing efforts are made to keep the rise in average temperatures to within 1.5˚C. The IEA’s WEO 2019 Sustainable Development Scenario (SDS),1 Beyond 2°C Scenario (B2DS),2 and the IPCC’s special report “Global Warming of 1.5˚C”3 were information sources for this scenario.
4˚C scenario
A scenario in which no countermeasures are taken, and temperatures are allowed to continue rising. Information sources included the IEA’s WEO 2018 New Policies Scenario and the IPCC’s RCP4 8.5 Scenario.
- 1.A scenario published by the International Energy Agency (IEA), and adopted in World Energy Outlook (WEO) 2019, a report that presents the outlook for energy supply and demand and technological developments, and analyzes the path that should be followed to fully achieve the goals set forth in the Paris Accords
- 2.A scenario in “Energy Technology Perspectives 2017” (ETP 2017) published by the IEA
- 3.A report published by the Intergovernmental Panel on Climate Change (IPCC)
- 4.Representative Concentration Pathways (RCP)
- 5.Mobility as a Service (MaaS): a service that optimally combines multiple transportation services (buses, trains, cabs, airplanes, etc.) and performs search, reservation, payment, etc. all at once
