Kuraray Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Masaaki Ito; hereinafter “Kuraray”) hereby announces that it has declared its support of recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD).
A taskforce established by the Financial Stability Board, an international organization with the aim of stabilizing the global financial system, the TCFD issued recommendations in June 2017 to encourage businesses to disclose information associated with risks and opportunities arising from climate change. Its recommendations emphasize the importance of business efforts to recognize these risks and opportunities and incorporate them into business strategies.
In line with its mission “For people and the planet—to achieve what no one else can,” since its founding the Kuraray Group has been engaged in business operations aimed at contributing to the preservation of the natural environment and the enhancement of living standards. In recent years, the significance of across-the-board initiatives to counter climate change issues has become greater than ever before. In response, the Group has positioned its involvement in climate change initiatives as one of the materiality issues that guide its sustainability activities. Specifically, we consider these initiatives to be particularly relevant to the “effective use of resources and reduction of environmental impact,” a materiality item supporting the Company’s efforts aimed at “Creating Value to Strengthen the Foundation of Kuraray,” as well as “improving the natural environment,” another materiality item deemed essential to “Creating Value through Business.”
Looking ahead, the Kuraray Group will continue to focus on curbing the environmental footprints of its production activities via the introduction of eco-friendly manufacturing process. At the same time, the Group will strive to help customers reduce the environmental burden of their product manufacturing process. Moreover, we will endeavor to deliver better products and solutions capable of contributing to the improvement of the natural environment.