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- Kirin Becomes the First Japanese Food and Beverage Product Company to Endorse the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)
Kirin Becomes the First Japanese Food and Beverage Product Company to Endorse the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)
Kirin Holdings Company, Limited (President and CEO: Yoshinori Isozaki) announces its support for the recommendations of the Task Force on Climate-Related Financial Disclosures established by the Financial Stability Board (FSB).※1 With this announcement, Kirin Holdings becomes the first Japanese food and beverage product company to endorse the recommendations.
- ※1An international organization in which representatives of the central banks, financial supervisory authorities, finance ministries and other organizations of the world’s leading countries and regions participate
The Kirin Group’s Long-Term Environmental Vision contains four foundational agendas: Water Resources, Biological Resources, Containers and Packaging, and Global Warming. Among them, Global Warming is a critical issue that has a substantial impact on the entire society, and will likely have a major impact on our corporate activities. To address this issue, the Kirin Group announced a medium-term target to reduce emissions of greenhouse gases by 30% of 2015 levels by 2030. In March 2017, we became the first Japanese food product company to earn the approval of the Science Based Targets (SBT) Initiative,※2 and have been working toward reducing GHG emissions.
This past January, we conducted trial scenario analysis※3 for climate change in accordance with the TCFD recommendations. Through the trials, we gained a full understanding of the significant impact that climate change could have on agricultural products, which are vital ingredients and materials for the Kirin Group. We intend to incorporate the learning from the trial scenario analysis into continued efforts to analyze and take action in response to the risks and opportunities presented to our business by climate change, and also to expand our disclosure of relevant information.
- ※2An initiative established in 2015 by the CDP, the UN Global Compact, the World Resources Institute, and the WWF
- ※3The Kirin Group Environmental Report 2018 contains the results of the scenario analysis
About the Task Force on Climate-Related Financial Disclosures (TCFD)
In June 2017, FSB announced recommendations for the ideal state of voluntary disclosure of information with the aim of encouraging the full understanding and disclosure of the financial impact of the risks and opportunities presented by climate change.
TCFD reports that, as of the One Planet Summit on September 26, 2018, 513 organizations from 44 countries have endorsed the recommendations.
The Kirin Group intends to proactively address various social issues in an effort to work together with everyone in the value chain to share the spirit of continuously and sustainably enjoying the blessings of nature into the future.
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