Ink World staff11.30.20
Toyo Ink SC Holdings Co., Ltd., a global specialty chemicals company and the parent of the Toyo Ink Group, announced its endorsement of the recommendations of the Task Force on Climate-related Financial Disclosures.
The Task Force, which is chaired by Michael R. Bloomberg, was established by the Financial Stability Board (FSB) in 2015.
The TCFD Recommendations Report, published by the TCFD in June 2017, identifies the risks and opportunities associated with the transition to a low-carbon economy and climate change and recommends companies to incorporate them into their management strategies as well as to disclose climate change-related impact in their financial reporting.
Currently, more than 1,500 companies and institutions around the world have declared their support for the recommendations (as of November 2020, as announced by the TCFD).
The Toyo Ink Group has been promoting various business measures under its long-term vision “Scientific Innovation Chain 2027” starting in fiscal 2018, with “harmonious coexistence with the environment through innovative technologies” as one of the key issues identified in the Group’s CSR activities.
With the endorsement, the Group reaffirms its commitment to enhancing and accelerating its environmental initiatives including its response to climate change and to proactively disclosing financial information in line with TCFD recommendations.
