NYK has announced that the company is in support of recommendations by the Task Force on Climate-related Financial Disclosures (TCFD) and is participating in the TCFD Conotrium of Japan which is established on May 27, 2019. NYK says that its prime aim is to improve its climate change-related disclosures through discussion and information-sharing in the consortium.
2. TCFD Consortium of Japan
NYK has joined the consortium to share and discuss relevant information about effective climate change disclosures. On May 27, the first meeting was attended by the general manager of the Environment Group, Masahiro Takahashi.
The consortium comprises 164 members in Japan, including financial institutions and business corporates pursuing climate-related financial disclosures recommended by TCFD, in addition to the Ministry of Economy, Trade and Industry, the Ministry of the Environment, and the Financial Services Agency as observers.
NYK says that it aims to improve its climate change-related disclosures in accordance with TCFD recommendations through discussions at consortium working groups and within the company.