Kyocera Corporation (President: Hideo Tanimoto) today announced that it will support the Task Force on Climate-Related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB). Going forward, Kyocera Corporation will actively promote disclosure of information, and analyze the risks and opportunities that climate change presents to its business, based on TCFD recommendations.
Kyocera Group has emphasized long-term sustainable development, growth, and profitability. In response to global climate change, the company has targeted a 30 percent reduction in greenhouse gas emissions and a tenfold increase in the amount of energy it obtains from renewable sources by 2030*.
Kyocera has also positioned "Environment and Energy" as a key market within its core business strategy and is working to resolve technical and economic issues related to the wider deployment of renewable energy. Specifically, the company has worked to establish stable power supply via virtual power plant (VPP) technology, and has launched a service that supports the installation of solar power generating systems with no initial investment for the user.
Kyocera will continue to contribute to a low carbon society by promoting innovative energy-related technologies and supporting the establishment of regional energy service infrastructure.
Task Force on Climate-Related Financial Disclosures
In order to provide a framework for disclosing information on climate change, the TCFD was established by the FSB, an international organization comprised of central banks of major nations and financial regulatory authorities. As of February 2020, more than 1,000 organizations worldwide, including governments, financial institutions, and corporations, have endorsed the TCFD recommendations.
*From fiscal year 2013 levels (Overall company and supply chain emissions)
Kyocera Group has emphasized long-term sustainable development, growth, and profitability. In response to global climate change, the company has targeted a 30 percent reduction in greenhouse gas emissions and a tenfold increase in the amount of energy it obtains from renewable sources by 2030*.
Kyocera has also positioned "Environment and Energy" as a key market within its core business strategy and is working to resolve technical and economic issues related to the wider deployment of renewable energy. Specifically, the company has worked to establish stable power supply via virtual power plant (VPP) technology, and has launched a service that supports the installation of solar power generating systems with no initial investment for the user.
Kyocera will continue to contribute to a low carbon society by promoting innovative energy-related technologies and supporting the establishment of regional energy service infrastructure.
Task Force on Climate-Related Financial Disclosures
In order to provide a framework for disclosing information on climate change, the TCFD was established by the FSB, an international organization comprised of central banks of major nations and financial regulatory authorities. As of February 2020, more than 1,000 organizations worldwide, including governments, financial institutions, and corporations, have endorsed the TCFD recommendations.
