Kaneka announces support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)

Kaneka Corporation
March 31, 2021
Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Minoru Tanaka) has announced that it supports the recommendations of the Task Force on Climate-related Financial Disclosures (referred to below as TCFD), a task force created by the Financial Stability Board at the request of the G20. 
 
As recommended by the TCFD, Kaneka conducted a structural analysis of the activities of the Kaneka group of companies based on risk and opportunity and selected areas of importance and urgency that need to be addressed. Specifically, Kaneka selected three areas they will address from here on: ① cutting emissions of greenhouse gases (GHG), ② contributing to a recycling-based society, and ③ increasing production of food resources. The progress of these initiatives will be conveyed to all stakeholders in a timely manner. 
 
Kaneka defines its purpose (meaning of existence) as “to solve social issues and realize a sustainable society by providing innovative materials as solutions through the break-through technology and global network”. Kaneka has defined the three crises of “Global Environment / Energy”, “Food” and “Wellness (living an enriched life)” as domains. Kaneka will put into practice ESG management. Through solving problems related to climate change, Kaneka will help realize a more sustainable society and aim for “Wellness First” to make the world healthy.
 
We will endeavor to realize carbon neutrality by 2050.
 
Also, details of the matters to be addressed are described on pages 55 to 56 of the Kaneka Integrated Report 2020. (https://www.kaneka.co.jp/ir/library/annual/2021/mqjgu50000000gys-att/ir2103311.pdf)