Since it published its first Environmental Report in RY1999, the Kubota Group has continued to disclose its environmental information. Along with the globalization of its businesses, the Group has enhanced the contents of the environmental information it discloses, to allow the Group’s global initiatives to be understood. To expand and improve disclosures further, the Group will continue its dialogues with stakeholders and further disclosing information in line with international standards such as the environmental reporting guidelines by the Japanese Ministry of the Environment, the GRI standards and the recommendations of TCFD.
Each business site also works to enhance understanding of the environmental conservation activities by the local residents and family members of employees by participating in local environmental conservation activities and other environmental communication activities, such as environmental education and protection of the natural environment, for the purpose of achieving symbiosis with local communities.
- Environmental Communication Activities
- Cooperation with Environment-related Industry Groups and Governments
- Climate Change-related Disclosure
- Environment-Related External Rating and Awards
Environmental Communication Activities
To practice environmental management globally, the Kubota Group is committed to deepening mutual understanding via dialogue with various stakeholders. The opinions and feedback gained from dialogue are used to improve Group environmental management practices with the aim of meeting social expectations and addressing societal issues.
Cooperation with Environment-related Industry Groups and Governments
The Kubota Group believes that in promoting environmental conservation, it is important to promote environmental conservation initiatives not only within its Group but also in cooperation with various sectors, such as the national or local government and relevant industry groups. Through participating in programs and campaigns hosted by government organs and establishing partnerships with various organizations, the Group aims to create synergy and conduct more effective environmental conservation activities.
1. Participating in Systems, Verification Programs, Campaigns by the National Government
In May 2010, the Kubota Group was certified by the Japanese Minister of the Environment as an “Eco-First Company,” and has been a member of the Eco-First Promotion Council since then. Through the Council, the Group submits proposals to or exchanges opinions with the Ministry of the Environment, supports Eco-First companies promoting environmental conservation activities and enhancing cooperation between companies, and engages in activities to raise the environmental awareness of the public. The Group also participates in the “Fun to Share” campaign by the Ministry of the Environment to tackle climate change toward the realization of a low-carbon society, the “Cool Choice” national movement to encourage smart choices contributing to measures against global warming, and the Water Project to raise awareness concerning water circulation and conservation of the water environment. Moreover, the Group also participates in the Environmental Reporting Platform Development Pilot Project to promote ESG dialogues between investors and companies.
2. Participating in Industry Groups
The Kubota Group is a member of various environment-related committees in the Kansai Economic Federation and other industry groups it is participating in. The committee activities help deepen understanding of the roles that companies should play in addressing environmental issues such as climate change, while providing opportunities to share information and exchange opinions on energy and environmental policies. In addition, the Group actively participates in initiatives to promote global environmental conservation.
Major participating groups
Industry groups: Japan Business Federation, Kansai Economic Federation, Japan Society of Industrial Machinery Manufacturers, etc.
Environmental initiatives: Japan Climate Initiative, Task Force on Climate-Related Financial Disclosures (TFCD)
3. Dialogue and Collaboration with Local Governments
The Kubota Group proactively participates in various committees of Osaka City and other local governments and their related groups, and works to establish partnerships with them. The Group promotes industry-government-academia collaboration through participating in discussions and opinion exchange on environmental issues, and various activities.
Major collaborating groups/partners
Gifu Prefecture “Consortium for Forest Technology Development and Promotion,” Osaka City “Environmental Management Promotion Council,” sponsored flowerbeds in front of the Kyuhoji Green Space in Osaka Prefecture, the “Carrying Water Project” by Ono City, Fukui Prefecture, and so on.
Climate Change-related Disclosure
The Kubota Group considers tackling climate change to be one of the material issues for environmental management. We are making efforts to respond to climate change through environment-friendly products, technologies, services, and corporate activities. To further enhance stakeholder communication, we expressed support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)* in January 2020.
Looking ahead, we will enhance our disclosure through the KUBOTA REPORT, our website, and other means.
- The TCFD recommendations present a framework for corporations to disclose climate-related information to the financial markets. The recommendations call for companies to autonomously ascertain and disclose information related to Governance, Strategy, Risk Management, and Metrics and Targets, such as the financial impact of risks and opportunities engendered by climate change and the status of the company’s response.
|Disclosure Items in the TCFD Recommendations||Relevant Section (KUBOTA REPORT 2020 Page)|
|a. Describe the board’s oversight of climate-related risks and opportunities.||Environmental Management Promotion System (P33),
Corporate Governance Structure (P152)
|b. Describe management’s role in assessing and managing risks and opportunities.||Environmental Management Promotion System (P33)|
|a. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.||Environmental Management Approach-Materiality (P30),
Environmental Management Approach-Risks and Opportunities (P31)
|b. Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.||Environmental Management Approach-Risks and Opportunities (P31),
Environmental Management Approach-Key Measures (P32)
|c. Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.||(Disclosure to be considered going forward)|
|a. Describe the organization’s processes for identifying and assessing climate-related risks.||Environmental Management Approach-Materiality (P30)|
|b. Describe the organization’s processes for managing climate-related risks.||Environmental Management Approach-Materiality (P30),
Environmental Management Promotion System (P33),
Internal Control-Internal Control System (P158),
Internal Control-Internal Control System Operation Activities (Risk Management Activities) (P158)
|c. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.||Environmental Management Promotion System (P33),
Corporate Governance Structure (P152),
Internal Control-Internal Control System (P158)
|Metrics and Targets|
|a. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.||Long-Term Environmental Conservation Targets 2030 (P35),
Medium-Term Environmental Conservation Targets 2020 (P36),
Mitigation of Climate Change-Measures to Reduce CO2 Emissions (P39),
Environmental Education and Enlightenment-
Environmental Achievement Awards (P75)
|b. Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.||Mitigation of Climate Change-CO2 Emissions
throughout the Value Chain (P41)
|c. Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.||Long-Term Environmental Conservation Targets 2030 (P35),
Medium-Term Environmental Conservation Targets 2020 (P36)