Expression of Support for the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations
January 29, 2020
Kubota Corporation (Head Office: Naniwa-ku, Osaka, Japan; President and Representative Director: Yuichi Kitao; hereinafter, “Kubota”) has expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD*1) established by the Financial Stability Board (FSB*2).
Since its founding in 1890, Kubota has developed its business with the mission of solving social problems connected with “food, water and the environment.” Rising temperatures, abnormal weather patterns and other forms of climate change add to the severity of these problems, and are expected to have a huge impact on Kubota’s business.
Kubota sees tackling climate change as one of the materiality of environmental management, and is currently deploying environmentally-friendly products, technologies, services, and corporate activities in order to tackle climate change.
Going forward, Kubota will further develop its climate change responses with a view to achieving a sustainable society, and enhance its disclosure of climate change related information in accordance with the TCFD recommendations.
- *1.Task Force on Climate-related Financial Disclosures (TCFD): Established by FSB (see below) in 2015.
Published a set of recommendations in June 2017 on companies’ self-directed assessment and disclosure of the financial impact of the risks and opportunities posed by climate change.
- *2.Financial Stability Board (FSB): Established in 2009. Members include representatives of key national and regional central banks, supervisory and regulatory authorities, and ministries of finance. Establishes measures and develops regulatory and supervisory policies in relation to international finance.