Information Disclosure Based on TCFD Recommendations

(Updated April 23, 2021)

In April 2021, Casio announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Based on this, Casio is working to strengthen its governance relating to climate change, formulate strategies based on climate-change risk and opportunity analysis, and disclose climate-related financial risk information.

TCFD
Category Casio Initiatives

Governance

Climate change issues have been included within Casio’s governance and management systems addressing sustainability.
Casio now has a system in place for appropriate oversight of management decision-making and business execution as they relate to important sustainability issues, including climate change. The Sustainability Committee, which reports directly to the Board of Directors, is chaired by a director appointed by the president. The committee discusses and reports on important sustainability issue findings relevant to Casio.

Strategy

Risks
・ Transition risks: Increased energy costs from the adoption of renewable energy, capital investment related to renewable energy and energy saving, and increased business costs due to new regulations such as carbon taxes
・ Physical risks: Business continuity risk resulting from larger-scale natural disasters caused by climate change, and rising insurance premiums, etc.
Opportunities
・ Greater environmental contribution through business and other activities including the supply of products and services

Using scenario analysis, Casio will continue to analyze climate change-related risks and opportunities, as well as their potential impact, including on business models and value chains, and incorporate this analysis into its business strategies.

Risk Management

Casio ascertains and manages risk as follows.
In addition to collecting and analyzing data on climate change impact for its relevant businesses, Casio evaluates its vulnerability to large-scale natural disasters caused by climate change, and implements necessary measures to ensure business continuity.

Indicators and targets

Casio has adopted the following greenhouse gas emission reduction targets.
Casio aims to reduce its Scope 1 and 2 emissions by 38% compared to fiscal 2019 levels before the end of 2031 and is aiming for net zero emissions by 2051.
For Categories 1 and 11 of Scope 3 emissions, the aim is for a 30% reduction compared to fiscal 2019, by 2031.
To achieve these goals, Casio is actively adopting renewable energy, while working with its business partners to reduce greenhouse gas emissions in the supply chain.
SBT-certified targets