Nippon Express Holdings Approves Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations

TOKYO, May 24, 2022 /PRNewswire/ — Nippon Express Holdings, Inc. recently expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)

drawn up by the Financial Stability Board (FSB).

Logo: https://kyodonewsprwire.jp/img/202205191426-O1-YACGnK0u
Picture:

https://kyodonewsprwire.jp/prwfile/release/M103866/202205191426/_prw_PI2fl_0GFn2dJi.jpg

NX Group has identified climate change initiatives as one of the key issues (materialities) to be addressed in order to achieve its long-term vision of becoming “a logistics company with a strong global market presence”, and it strives to reduce CO2 emissions in its own business operations as well as creating products and services that help customers reduce their CO2 emissions.

NX Group will now use the TCFD recommendations to analyze the risks and opportunities presented by climate change on its business, assess their financial impacts and disclose relevant information. NX Group is expected to make the first such disclosure after approval of the recommendations in its integrated report to be released this fiscal year (June 2022).

Task Force on Climate-related Financial Disclosures (TCFD):

An international initiative set up by the FSB in 2015 to encourage companies to disclose information on the financial impact of climate change-related risks and opportunities on their activities. The TCFD recommends assessing the financial impacts of climate change-related risks and opportunities on management and disclosing information on ‘governance’, ‘strategies’, ‘risk management’ and ‘indicators and targets’.

TCFD website: https://www.fsb-tcfd.org/

NX Group will continue to practice sustainable management with a long-term perspective to help achieve a sustainable society by combating climate change.
Nippon Express website: https://www.nipponexpress.com/

NX Group official LinkedIn account:

https://www.linkedin.com/company/nippon-express-group/SOURCENippon Express Holdings, Inc.

Comments are closed.