Contributing to the Realization of a Decarbonized Society

Endorsement of TCFD (Task Force on Climate-related Financial Disclosure) Recommendations:

Mitsuboshi Belting Ltd. (Head Office: Kobe, Hyogo; President: Hiroshi Ikeda) announces its support for the TCFD (Task Force on Climate-related Financial Disclosure)*1 recommendations and has joined the TCFD Consortium*2, a forum for discussion among supporting companies and financial institutions.

Mitsuboshi Belting Ltd. is promoting ESG management practices with the aim of contributing to the realization of a sustainable society and sustainable growth of the Group. One of the Mitsuboshi Belting Group’s materiality targets set for this fiscal year is “contribution to the realization of a decarbonized society,” and we are working to achieve our target greenhouse gas emission reduction (decrease of 22% or more in FY2023, 46% in FY2030, and carbon neutrality in 2050 compared to 2013 levels at eight sites in Japan). To achieve this goal, we are promoting various measures, including the installation of solar panels at each business site and the conversion to fuels that emit less greenhouse gases.

We will continue to promote sustainable business activities based on our corporate philosophy “To give attentive consideration to both humanity and nature.” and analyze climate-related risks and opportunities in line with TCFD recommendations, aiming to expand information disclosure regarding our response to climate change.

※1
TCFD is a task force established by the Financial Stability Board (FSB) in 2015 at the request of the G20, which recommends that companies assess the financial impact of climate change risks and opportunities and disclose information based on four categories: governance, strategy, risk management, and indicators and targets.
（TCFD Web Site：https://www.fsb-tcfd.org/）

※2
The TCFD Consortium is an organization and consortium established as a forum for companies and financial institutions that support the TCFD Proposal to work together to promote effective corporate information disclosure and to discuss measures to link disclosed information to appropriate investment decisions by financial institutions.
（TCFD Consortium Web site：https://tcfd-consortium.jp/en）