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MOL to join consortium on TCFD

Mitsui O.S.K. Lines, Ltd. announced that it will participate in the Task Force on Climate-related Financial Disclosures (TCFD) Consortium, which was established to provide a forum for discussions among corporations and financial institutions that agree with “TCFD recommendations”. This aims to ensure that companies factor in climate change-related risks and opportunities when they disclose their strategies to investors.

In 2018, backed by the Ministry of the Environment of Japan, MOL analyzed scenarios based on TCFD recommendation. A part of this analysis is introduced in the “Practical Guide for scenario analysis to integrate climate-related risk and opportunities into its own management strategies by utilizing TCFD recommendation,” which was released in March (*following link is in Japanese only).

http://www.env.go.jp/policy/Practical_guide_for_Scenario_Analysis_in_line_with_TCFD_recommendations.pdf

MOL will utilize knowledge gained through the consortium and engage in effective disclosure of climate change-related risks and opportunities and how they will affect the company’s business.

 

Source: MOL

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