May 27, 2019 | News & Notices Declaration of Agreement with the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations
Shimadzu Corporation has announced its agreement with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Based on the TCFD recommendations, Shimadzu will proactively disclose information on both the risks and opportunities that climate change poses to our business from the perspective of strategy, risk management, and governance.
As an “Eco Solution Provider,” Shimadzu promotes environmental management that aims to solve environmental problems and grow our business. In particular, as a responsible member of society, we have decided to set a goal to reduce the medium to long-term CO2 emissions generated by our business activities by 30 % in 2030 (compared to 2017), to tackle climate change, which is a major societal issue. In the future, we will further promote energy conservation efforts and the introduction of renewable energy to achieve this goal. To reduce the environmental impact of our products, we will continue to make them even more energy efficient and more compact.
In addition, as an all-round analytical and measuring instrument manufacturer, Shimadzu continues to develop various products and applications and to provide optimal solutions for our customers. In the renewable energy sector, we support R&D and quality control, in areas such as photovoltaic power generation, biomass energy, and lithium-ion batteries and fuel cells, where high efficiency is demanded. In the materials field, we provide products and services that contribute to solving climate change issues, such as contributing to the development, manufacturing, and quality control of new materials that can offer reduced carbon footprints.
About the Task Force on Climate-related Financial Disclosures (TCFD)
The TCFD was established by the Financial Stability Board (FSB), an international organization and in June 2017, announced recommendations to analyze risks and opportunities arising from medium to long-term climate change and disclose information in order to reduce the risk of instability in corporate finance caused by climate change.