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BUSINESS

Nippon Express Holdings supports recommendations of TCFD

24/05/2022 04:19 PM

KUALA LUMPUR, May 24 (Bernama) -- Nippon Express Holdings Inc has recently expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB).

According to a statement, the NX Group has identified climate change initiatives as one of the key issues (materialities) to be addressed in realising its long-term vision of becoming ‘a logistics company with a strong presence in the global market’.

In addition, it is working to reduce CO2 emissions in its own business operations as well as creating products and services that help customers cut their CO2 emissions.

The NX Group will be utilising the TCFD's recommendations henceforth to analyse the risks and opportunities presented by climate change to its business, evaluate their financial impacts, and disclose relevant information.

The NX Group is scheduled to make the first such disclosure following endorsement of the recommendations in its integrated report to be issued this fiscal year (in June 2022).

TCFD is an international initiative established by the FSB in 2015 to encourage companies to disclose information on the financial impact of climate change risks and opportunities on their businesses.

The TCFD recommends assessing the financial impacts of climate change risks and opportunities on management and disclosing information on ‘governance’, ‘strategies’, ‘risk management’, and ‘indicators and targets’.

The NX Group will continue practising sustainable management from a long-term perspective to help realise a sustainable society by tackling climate change.

More details at https://www.nipponexpress.com/

-- BERNAMA


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