TOKYO--SEKISUI CHEMICAL CO., LTD. (TSE:4204) has expressed support for the recommendations of the TCFD on analysis and disclosure of the impact of climate change on corporations’ financial affairs.
In the SEKISUI CHEMICAL Group’s CSR*2, the Group promotes stakeholder engagement with constructive dialogue to improve corporate value and build relationships of trust with stakeholders, and it has set a policy of actively disclosing important corporate information from the viewpoint of financial, environmental and social concerns. Also, as a basic strategy in its Medium-term Management Plan, “SHIFT 2019 -Fusion-,” the SEKISUI CHEMICAL Group has set up and works to promote the building of a sustainable management foundation from an environmental, social and governance (ESG) perspective. In particular, in relation to the environmental (E) viewpoint, the Group is actively tackling climate change and other environmental issues in its Environmental Medium-term Plan for fiscal years 2017 to 2019, “SEKISUI Environmental Sustainability Plan: Accelerate.” In June 2018, SEKISUI CHEMICAL acquired SBT*3 initiative certification and the company as well as its supply chain are promoting activities toward a major reduction of greenhouse gas (GHG) emissions by the 2030 fiscal year. Going forward, we will analyse the risks and opportunities regarding climate change for the company over the long term, and we will examine and implement countermeasures and strategies for responding to the issues, as we consider these actions are essential for increasing corporate and global sustainability.
By supporting the stance on information disclosure sought by the TCFD recommendations and promoting related information disclosure, SEKISUI CHEMICAL is building a sustainable management foundation including relationships of trust with its stakeholders.
*1) TCFD: The Task Force on Climate-related Financial Disclosures was established in 2015 by the Financial Stability Board (FSB), which is an international organization that seeks to stabilize the financial system.
*2)The SEKISUI CHEMICAL Group’s CSR (conceptual diagram)
*3) SBT: “Science Based Targets.” Taking the opportunity of the adoption of the Paris Agreement, other joint initiatives were proposed in addition to the United Nations Global Compact. With SBT initiatives, company-set GHG reduction targets are certified as science-based targets which contribute to long-term climate change measures. Click here for the Press Release in relation to SEKISUI CHEMICAL’s SBT initiative certification.
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 26,000 employees in over 200 companies throughout 21 countries aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
SEKISUI CHEMICAL CO., LTD.
Public Relations Department
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.