Isuzu Motors expresses support for the Task Force on Climate-related Financial Disclosures (TCFD) and joins TCFD Consortium
Isuzu Motors Limited (headquartered in Shinagawa, Tokyo; Masanori Katayama, President and Representative Director; hereinafter Isuzu) announces that it supports the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*1, and that it has joined the TCFD Consortium*2.
Aiming to secure a prosperous and sustainable society by the year 2050, Isuzu formulated the Isuzu Environmental Vision 2050 which defines its long-term environmental roadmap. In this vision, Isuzu defines climate change as one of the major environmental challenges to tackle. To realize a decarbonized society by 2050, Isuzu is working toward zero greenhouse gas (GHG) emissions across the entire life-cycle of Isuzu Group products as well zero GHG emissions arise directly from its Group operations.
Isuzu takes supporting the TCFD recommendations as a starting point to strengthen its capability to analyze risks and opportunities brought by climate change. Isuzu will strive to disclose information in accordance with the TCFD framework to provide greater clarity to all its stakeholders.
*1:TCFD is the Financial Stability Board (FSB) established task force led by central banks and financial regulators of the world's major countries and regions, providing a framework for disclosing climate-related information. The TCFD recommendations are designed to guide organizations across sectors and industries in disclosing the financial impact of risks and opportunities posed by climate change.
Click on the link for more details:https://www.fsb-tcfd.org/
*2:TCFD Consortium was formed by companies and financial institutions supporting the TCFD mission to discuss an effective disclosure of information and facilitate investors such as financial institutions to make appreciate investment decisions based on the disclosed information.
Click on the link for more details:https://tcfd-consortium.jp/en