TCFD-Based Information Disclosure
The Task Force on Climate-Related Financial Disclosures (TCFD) was established by the Financial Stability Board at the request of G20 with the objective to reduce the risk of instability in the financial market due to climate change. The task force announced its recommendations in June 2017 asking companies and organizations to gain understanding of and disclose the risks and opportunities arising from climate change. The Fujitsu Group announced its support for the TCFD recommendations in April 2019 and strives to disclose information in line with the recommendations, including responding to CDP （*1）.
- （*1）CDP: An international nonprofit organization which offers the only global system for measuring, disclosing, managing and sharing important environmental information of companies and cities. CDP is working together with the world's leading institutional investors to encourage companies to disclose their impact on the environment and natural resources, and to take steps to mitigate that impact.
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| Governance | Under our system for promoting environmental management, we have established the Sustainability Management Committee chaired by the Representative Director. This committee deliberates on medium- and long-term issues, makes policies, shares the risks and opportunities arising from climate change, determines measures to tackle them and manages the progress of these activities. It also reports the results of these activities to the Board of Directors at the meetings of the Management Council.
Furthermore, under the supervision of the Board of Directors, the Risk Management and Compliance Committee, chaired by the Representative Director, analyzes and responds to risks throughout the Group, including those related to climate change, in the company-wide risk management system. The Committee is the highest decision-making body for risk management, and regularly reports to the Board of Directors on important risks that have been identified, analyzed, and evaluated. The Representative Director, who serves as committee chairperson, and other officers in charge, serve as members on these committees. In addition, the Fujitsu Group has established an environmental management system (EMS) based on ISO 14001, and the results of EMS activities are reported to the Board of Directors through the Management Committee. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Strategy | The Fujitsu Group has conducted scenario analyses using the 2°C scenario, considering the period up to the year 2050. The results show risks and opportunities, as shown in the table below. ICT products and services which can contribute to the mitigation of and adaptation to climate change will provide sales growth opportunities, while physical and regulatory risks will affect our operating expenses and supply chain costs. For more details on how to deal with risks and other issues, please refer to "Handling Environmental Risks" on the right.
Based on these analyses of risks and opportunities arising from climate change in the medium to long term (2030-2050), we have formulated the FUJITSU Climate and Energy Vision, a medium- to long-term environmental vision through 2050. As the world strives for decarbonization, we recognize that any delay in action can lead to risks. Therefore, this vision aims to promote zero CO2 emissions from our company using ICT and contribute technology services that support digital innovation to build a decarbonized society and cope with climate change, including turning know-how gained into services. By responding to our medium- and long-term environmental vision, we assessed that we are resilient in our strategy.
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| Risk Management | As part of our company-wide risk management system, we have established the Risk Management and Compliance Committee to identify, assess and manage risks across the Group, including those related to climate change. In order to conduct company-wide risk assessments on a regular basis, the committee prepares tools, distributes them to each employee responsible for risk management and compliance, and gathers responses. The departments in charge of each risk across the entire company utilize these tools to conduct assessments on items such as the impact and likelihood of occurrence related to risk threats and the status of countermeasures, and provide answers to risk threats. Climate change-related risk assessments are conducted by all relevant departments, using information collected from across the company, based on the expertise of each department in areas such as policy, reputation, natural disasters, the supply chain, and products and services. The Risk Management and Compliance Committee conducts a centralized matrix analysis of the results of the assessments answered by each department in terms of impact and likelihood of occurrence, then identifies high-priority risks at the company-wide level. The results of this analysis are reported to the Board of Directors.
The Sustainable Management Committee shares business risks, opportunities and countermeasures which are due to climate change, and manages progress. In addition, the Fujitsu Group has established an environmental management system based on ISO 14001. Under this system, we monitor compliance and other risks. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Indicators & Targets | The Fujitsu Group recognizes the importance of reducing GHG emissions and adopting renewable energy sources in addressing climate-related risks. We also believe that the deployment of innovative energy-saving technologies implemented by our company will lead to the acquisition of climate-related opportunities. We therefore use GHG emissions and the percentage of renewable energy adoption as indicators. We have set SBTi certification targets and RE100 targets as medium- and long-term goals, and established the "Environmental Action Plan" for short-term goals, and we are monitoring those indicators, managing the progress of our strategies, and conducting risk management.
The table below shows the Fujitsu Group’s targets for reducing GHG emissions and our actual results, while the figure below shows our roadmap and measures for achieving our own zero CO2 emissions, which is one of the items in our medium- to long-term environmental vision.
*1 vs. 2013 *2 Scope 1 + Scope 2 *3 Excluding carbon credits *4 Scope 3 Category 1 + Category 11
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