Jun 22, 2022
SATO Holdings Corporation outlined business and financial impacts of climate change in compliance with recommendations from the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD).
SATO began the process to meet TCFD recommendations by declaring support for the framework last fiscal year to provide more effective, voluntary disclosures of climate-related risks and opportunities.
The company has now disclosed its basic stance on climate action, and climate-related information spanning the four TCFD categories of governance, strategy, risk management and metrics and targets.
SATO will continue to disclose the impacts of climate change on its business and the measures it will take in response.
More information about SATO’s sustainability activities can be found here.
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.