SEKISUI CHEMICAL CO., LTD. (President: Keita Kato; hereinafter “SEKISUI CHEMICAL”) announced that it has adopted the recommendations published by the Taskforce on Nature-related Financial Disclosures (TNFD)*1 in September 2023, and it registered as a TNFD Adopter*2 on January 5, 2024 to express its intention to disclose information going forward.
SEKISUI CHEMICAL Group recognizes the importance of assessing and understanding how its corporate activities depend on and impact nature, and reflecting the results in its management strategy (see “SEKISUI Environmental Sustainability Vision 2050*3”). In the growth strategy of our medium-term management plan “Drive 2.0” (FY2023-2025), we have strengthened our efforts to find solutions that do not create trade-offs with respect to nature and other environmental issues, in order to achieve our long-term goals for all environmental issues.
SEKISUI CHEMICAL Group has participated in the TNFD Forum since July 2023. In the TCFD/TNFD Report 2023 released in September 2023, we conducted a trial analysis based on the LEAP approach*4 advocated by the TNFD, and disclosed the results of the risks and opportunities that we understood and recognized at that time.
In order to contribute to the realization of a nature-positive society, SEKISUI CHEMICAL Group will continue to disclose its initiatives in accordance with the recommendations further announced by us. In addition, the SEKISUI CHEMICAL Group’s long-term vision “Innovation for the Earth” is in line with the direction of nature positive. By creating and expanding the market for sustainable products that enable us to make such contributions, we will strive to solve environmental and other social issues and grow as a company. We will continue to support the basis of LIFE and create “peace of mind for the future” in order to realize a sustainable society.
*1 TNFD = Taskforce on Nature-related Financial Disclosures
An international initiative that provides a mechanism for companies to disclose their management strategies for the future by assessing and understanding how they depend on and impact natural capital and biodiversity in their business activities.
It was formed by four organizations: the Global Canopy, the United Nations Development Programme (UNDP), the United Nations Environment Programme Finance Initiative (UNEP FI), and WWF.
*2 TNFD Adopter
Refers to a company or organization that has registered its intention on the TNFD website to disclose information aligned with the TNFD Recommendations.
Adopters are required to declare their intention to make disclosures aligned with the TNFD Recommendations in 2024 or 2025.
*3 SEKISUI Environment Sustainability Vision 2050
SEKISUI CHEMICAL Group’s environmental vision declares that it aims to realize “an earth with maintained biodiversity” by 2050 by generating returns that exceed the burden of natural capital imposed by its corporate activities (see the image below).
*4 LEAP approach
A process proposed by the Task Force on Nature-related Financial Disclosures (TNFD) to systematically assess nature-related risks and opportunities on a scientific basis.
The acronym LEAP stands for Locate, Evaluate, Assess, and Prepare.
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 180 companies throughout 21 countries and regions 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.
Corporate Communication Department
General Public Contract
ESG Management 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.