Dec 08, 2021
SATO Holdings Corporation declared its support for the Task Force on Climate-related Financial Disclosures (TCFD), joining over 2,500 organizations in demonstrating its commitment to building a more resilient financial system and safeguarding against climate risk through better climate-related disclosures.
The TCFD provides recommendations to address the financial impact of climate change on their business. Wide implementation of the recommendations helps investors, lenders and others make more informed decisions with consistent and relevant information to understand the economic risks and opportunities resulting from climate change.
SATO Holdings is currently working on the TCFD climate change scenario analysis and intends to disclose relevant information in spring 2022. Details will be provided in due course.
Shinichi Takagi, Head of Investor Relations and Sustainability Promotion at SATO Holdings Corporation said, “Becoming a supporter of the TCFD is our first step towards providing systematic assessment of climate change and disclosure of its impact on our business as we transform ourselves into an enabler of ‘Tagging for Sustainability.’ We aim to be highly transparent in line with the TCFD recommendations to provide greater clarity to all of our stakeholders.“
Supporters of the TCFD include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and businesses from a variety of sectors and industries.
About the Task Force on Climate-related Financial Disclosures
On December 4, 2015, the Financial Stability Board (FSB) established the industry-led Task Force on Climate-related Financial Disclosures (TCFD) with Michael R. Bloomberg as Chair. The Task Force currently has four Vice Chairs and 32 members in total. The TCFD was asked to develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders, which were published in the TCFD Recommendations Report on June 29, 2017. More information about the TCFD can be found at www.fsb-tcfd.org.