Alps Alpine Co., Ltd. (Tokyo: 6770; President & CEO: Toshihiro Kuriyama) has declared its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
The TCFD was established by the Financial Stability Board (FSB)1 at the request of the G20 to examine climate-related information disclosure and the response of financial institutions. The TCFD released its final report in June 2017, providing recommendations for corporations about disclosure of matters relating to climate-related risks and opportunities.
Declaring its support for the TCFD Recommendations, Alps Alpine seeks to formulate management strategy with heightened focus on climate change risks and opportunities and to proactively disclose financial information related to climate change based on the TCFD Recommendations.
Alps Alpine views environmental activity as an important theme for management and is pursuing environmental management primarily through the supply of products helping to reduce environmental impact and by lowering the environmental impact of the company’s own business activities. Business integration on January 1, 2019 presented Alps Alpine an opportunity to reaffirm its Corporate Philosophy – Alps Alpine innovates value for humans and society on a brighter planet – as representing a set of common values to be embraced by all employees. The company is building on its endeavors to generate new value for a brighter planet while striving for a global framework for pursuing concerted activities as a united Alps Alpine Group.
- The Financial Stability Board (FSB) is an international organization seeking the stability of financial systems. Established in 2009, the board is filled by representatives of central banks, finance ministries and supervisory and regulatory bodies of major countries and regions and plays a role in the development of regulatory, supervisory and other policies for the global financial sector.
