EBARA CORPORATION (EBARA) announces updated disclosures based on the recommendations of the Task Force on Climate-Related Financial Information (TCFD).
EBARA announced endorsement of the TCFD recommendations in May 2019, and has been conducting disclosure based on the recommendations since 2020.
We have recently updated information on climate-related governance, strategies, risk management, and metrics and targets in line with the TCFD recommendations.
Governance updates: The Sustainability Committee has adopted a policy to review activities and progress toward non-financial goals, including climate-related issues. In addition, the Carbon Neutral Promotion Section was established as a fully-fledged department under the control of the Chief Risk Officer (CRO).
Strategy updates: In addition to the climate-related risk and opportunity scenario analysis information disclosed last year for our target markets of oil and gas and semiconductor manufacturing, this year we added analyses conducted for the building and industrial equipment, water infrastructure, and solid waste treatment markets. The new medium-term management plan, E-Plan 2025, launched in 2023, incorporates strategies based on the results of climate-related scenario analyses by all five in-house companies.
Risk management updates: Non-financial metrics, including those related to climate change, are monitored at the Management Issue Action Plan Monitoring Committee chaired by the President, CEO and COO.
Metrics and targets updates: In December 2022, we announced the Carbon Neutrality Goals for the EBARA Group.
We will continue to improve our climate change initiatives and information disclosure through dialogue with stakeholders and other means.