Initiatives for TCFD Recommendations
The Nagatanien Group’s business depends on the blessings of nature. Climate change may result in the quality deterioration and the decline in fisheries yields used as raw materials. We recognize the impacts of future climate change as management risks that may affect business continuity, and while taking appropriate measures to address such risks, we also seek to identify new opportunities and incorporate them into our future business strategies. With regard to disclosure, we provide information in accordance with the framework of the TCFD recommendations.
Governance
In pursuit of resolving social issues and achieving sustainable growth as a corporate group, the Nagatanien Group has established a cross-functional Sustainability Committee as its governance structure for sustainability initiatives. The Sustainability Committee forms subcommittees for each priority area. With respect to climate change, the Environmental Subcommittee plays a central role in formulating policies, setting goals, and planning initiatives, as well as promoting and managing their implementation. The Disclosure Subcommittee is primarily responsible for publishing information on the Company’s website. The activities of the Sustainability Committee are regularly reported to the Board of Directors. In coordination with the Risk Management Committee, we work to strengthen our management foundation.
Strategy
The Nagatanien Group analyzes and evaluates various climate-related risks and opportunities from the perspectives of urgency and materiality in light of changes in the external environment. Based on climate scenarios corresponding to different levels of temperature rise, we examine response measures for identified risks and opportunities and implement them in a planned manner.
Risk Management
With respect to overall risk management across corporate activities, the Risk Management Committee conducts monitoring. Risks that are expected to have a significant impact on management and require strengthened responses are identified as priority risks and their progress is managed by the Risk Management Committee. Risks related to sustainability are identified as material issues by the Sustainability Committee, and the Promotion Subcommittee takes the lead in monitoring progress related to these risks.
Metrics and Targets
The metric used to measure and manage climate-related risks and opportunities is as follows. The scope covers domestic Group manufacturing sites (Scope 1 and Scope 2 emissions). The target is the reduction rate of emissions intensity per unit of revenue, with fiscal year 2024 as the base year.
