Information Disclosure Based on TCFD Recommendations

Information Disclosure Based on TCFD Recommendations

In June 2018, Hitachi High-Tech declared that it supported the recommendations by the Task Force on Climate-related Financial Disclosures (TCFD)^*. Based on its framework, we will proceed with measures regarding the climate change risks and opportunities on our business. We will disclose such information and contribute to create sustainable environment in the world.

TCFD is the abbreviation for the Task Force on Climate-related Financial Disclosure. It is a task force established by the Financial Stability Board (FSB), whose members come from the central banks and financial authorities of major countries. To reduce instability risks in financial markets, TCFD recommends that corporations disclose information about the financial impacts of climate change from both risk and opportunity perspectives, specific responses, strategies, and other relevant matters.

Governance and Risk Management

The Sustainability Promotion Committee is consisted of the President and Representative Director as the Chair and senior management as its members. They meet more than twice a year. The committee formulates our company's sustainability strategy and discusses measures such as environmental strategy, including climate change risks. When important matters are put on the agenda, they report to the Board of Directors once a year. Feedback from the board is integrated into our sustainability promotion operations. The committee’s decisions are also discussed further in detail by the TCFD Subcommittee, which comes under the Sustainability Promotion Committee umbrella.
The following procedure is how our company manage climate change risks.

Strategy

As a member of the Hitachi Group, the Hitachi High-Tech Group (the Group) is working on achieving the Environmental Vision and the long-term environmental targets in the Hitachi Environmental Innovation 2050. To that end, we have declared the targets of achieving carbon neutral sites (factories and offices) by FY2030, and then achieving carbon neutrality throughout the value chain by FY2050.
To aim early achievement of the targets, we implement measures such as achieving carbon neutrality at our manufacturing sites, providing products that contribute to reduction of environmental impact by implementing environmentally conscious design (eco-design), and reducing CO₂ from delivery process.
We also promote service and solutions that contributes to the reduction of CO₂ emissions through collaboration with our business partners and other activities. In this way, we pursue to become a corporation which is needed by our customers even more.
At the Group, we will continue contributing to our customers and society through our core technologies in “Observation, Measurement, and Analysis”, working toward the accomplishment of Hitachi Environmental Innovation 2050.

Metrics and Targets

We set the Group's metrics and targets every three years and manage these by means of the Environmental Action Plan. This will eventually accomplish the Hitachi Environmental Vision and the long-term environmental targets in Hitachi Environmental Innovation 2050.