Disclosure in line with TCFD Recommendations
Recognizing that addressing climate change is an important management issue, we have established a governance structure centered on oversight by the Board of Directors and management by the Sustainability Promotion Committee. This governance structure is stipulated in our "Sustainability Promotion Committee Rules”.
|Items discussed and decided by the Sustainability Promotion Committee regarding climate change|
Board Oversight Structure
The Board of Directors receives reports from the Sustainability Promotion Committee on a regular (in principle twice a year) or as-needed basis on climate-related risks and opportunities, and monitors the progress of initiatives, targets, and performance. In addition, the Board of Directors makes decisions on important matters such as management strategies, mid-term management plans, annual budgets, and business plans after considering climate-related risks and opportunities.
Sustainability Promotion Committee
Matters related to sustainability, including climate change (so-called ESG matters), are deliberated by the Sustainability Promotion Committee under the oversight of the Board of Directors. The Sustainability Promotion Committee is chaired by the President and consists of directors, executive officers, etc. The committee reports its deliberations to the Board of Directors and is supervised by the Board of Directors.
|Functions, roles, and deliberations of the Sustainability Promotion Committee|
Supervisor of Climate Change
The president is in charge of matters related to climate change. The president chairs the Sustainability Promotion Committee, which assesses the impact of climate change on business (risks and opportunities) and oversees efforts related to climate change. The allocation of management resources (people, facilities, funds, etc.) necessary to achieve the initiatives is a matter to be deliberated by the Sustainability Promotion Committee.
Main Department Responsible for Climate Change Issues
The Business Management Department, as the secretariat of the Sustainability Promotion Committee, supports the function of the Sustainability Promotion Committee in planning for and managing climate change, and promoting initiatives in cooperation with related departments and Group Companies.
|Sustainability Promotion Committee Secretariat Implementation Matters|
Governance Structure on Climate Change