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Respond to Taskforce on Climate-related Financial Disclosure (TCFD) recommendations


Takasago International Corporation expressed our support for the TCFD recommendations in November 2019. This time, we disclose our principle and strategy against climate change based on the recommendation.

The TCFD was established by Financial Stability Board and published the recommendations for voluntary climate-related financial disclosures that are consistent, comparable, reliable, clear and efficient to help market understand their risks and opportunities.
The TCFD recommendations requires all companies to develop climate-related scenarios, assess their climate-related risks and opportunities, incorporate such risks and opportunities in their business strategies and risk management, and understand and disclose their financial impacts.
Click here to access the TCFD Web page.

<Updated as of September 9, 2022>


In order to establish the management that earns the high appraisal and trust of all our stakeholders, the Takasago Group strives to reinforce its corporate governance.

Takasago recognizes climate change as the most important issue in our materiality assessment and discusses policies regularly at the board of directors meeting. With regards to concrete issues of energy consumption and GHG emissions, we discuss detailed countermeasures at Global EHS Committee.
In addition, Sustainability Promoting Committee takes place regularly to share the goals and monitors the progress on our activities. Sustainability related important issues are taken up at board of directors for further discussion and approval.

Relevant documents & pages

●Takasago International Corporation "Basic Corporate Governance Policy"
●Sustainability report2021-2022


The Takasago group recognizes risks and opportunities of climate change as an important issue for our business strategy.

In line with TCFD recommendations, our sustainability team made scenario analyses and specified the risks and opportunities in a middle-long term through to 2030. Physical risks such as heavy rains, floods and so on, influence on supply chain including the operation at our factories. We are tackling to minimize the impact by implementing the business continuity plan (BCP) and enforce the ability of business continuity at key manufacturing sites.
On the other hand, opportunities were also defined such as the improvement of energy efficiency, new products and technology through innovation, etc.
We find it a new great business opportunity for us to cope with climate change, so we are working very hard to develop low carbon products and technologies diligently.
Our company practices Green Chemistry through the development of catalysts and continuous flow processing, which contribute to reducing energy use and waste.

Relevant documents & pages

●Sustainability report2021-2022
 P49~52:Research and Development

Risk Management

In order to fulfill our responsibility to all the stakeholders, the Takasago group regularly assesses risks that could potentially affect our business stability while striving to maximize stakeholder’s value.
The risks of climate change have been discussed at Risk Management Committee, which consists of general managers of key divisions at the Headquarters, and reported to the board of directors meeting for further review.
In addition, our integrated global ISO14001 certification helps monitor and manage environmental risks across all the sites.

Relevant documents & pages

●Sustainability report2021-2022
 P62~64:Risk Management

Metrics and Targets

The Takasago group challenges to reduce GHG emissions. Takasago calculates and monitors the global GHG emissions and discloses the data verified by third party on our sustainability reports.
Takasago group's GHG emissions reduction targets has been approved by The Science Based Targets initiative in May 2021. Approved targets are as the below;

  • Takasago International Corporation commits to reduce absolute Scope1 and Scope2 GHG emissions 27.5% by FY2030/31 from a FY 2019/20 base year.
  • Takasago International Corporation also commits to reduce absolute Scope3 GHG emissions 13.5% within the same timeframe.

The same reduction targets are set in Sustainability 2030, which is a new mid-long term Sustainability plan, started from April, 2021. We contribute to a carbon neutral society by achieving the reduction targets through the efficient use of energy, the introduction of renewable energy, and the collaboration with suppliers of raw materials, etc.

Relevant documents & pages

●Sustainability report2021-2022

    P18:Climate Change
 P29:Approach to Climate Change