OSAKI joins more than 2,500 organizations around the world in publicly supporting the TCFD recommendations
TOKYO, 2nd November 2021 – OSAKI ELECTRIC (hereinafter “Osaki” or “the Company”), a leading Japanese smart meter company, declared its support for the Task Force on Climate-related Financial Disclosures (TCFD)*, joining more than 2,500 organizations in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.
The Company also joined the TCFD Consortium** in its effort to accelerate effective and efficient disclosure of climate-related information.
Osaki recognizes risks related to climate change and its impact on our society and environment as material issues to the Company, and has worked to minimize the risks by providing energy management solutions.
Upon our declaration to support for the TCFD and joining the TCFD Consortium, Osaki will strengthen organizational framework to disclose in accordance with the TCFD guidance. Osaki is committed to continue with its effort to minimize environmental risks through its acclaimed technologies and contribute to sustainable society.
For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org
For more information about the TCFD Consortium, please visit https://tcfd-consortium.jp/en
*The TCFD, chaired by Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, provides market participants with recommendations to address the financial impact of climate change on their business. By increasing transparency on financially material climate-related risks and opportunities the recommendations promote more informed financial decision-making by investors, lenders and others.
** The TCFD Consortium (Tokyo, Japan) was established on May 27, 2019 with the initiative of leaders of the industry and the academia, with Professor Kunio Ito of Hitotsubashi University as its chair. Through a series of dialogues between the financial and non-financial sectors, the Consortium aims to further discussion on effective and efficient corporate disclosure of climate-related information and their use by financial institutions.