Moreover, in October 2018, the Intergovernmental Panel on Climate Change (IPCC) released the Special Report on Global Warming of 1.5°C, which is based on scientific knowledge and stresses that many of the impacts of climate change could be avoided by limiting global warming to 1.5°C above pre-industrial levels instead of 2°C. In addition, the Working Group I Report component of the IPCC Sixth Assessment Report released in August 2021 states, “It is unequivocal that human influence has warmed the atmosphere, ocean and land. Widespread and rapid changes in the atmosphere, ocean, cryosphere and biosphere have occurred.”
In this way, international awareness has evolved from “global warming” to “climate change,” and now to “climate crisis.” Based on this heightened understanding, Casio has revised its social mission from “helping to achieve a low-carbon society” to “helping to build a decarbonized society.”
In order to promote emissions reduction targets that are consistent with scientific knowledge concerning the achievement of decarbonization, Casio has set its long-term targets.
In April 2021, based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD),*1 Casio strengthened its governance relating to climate change, formulated strategies based on climate-change risk and opportunity analysis, and disclosed climate-related financial risk information. In 2022, Casio conducted a scenario analysis to identify risks and opportunities and assess the impacts.
Information Disclosure Based on TCFD Recommendations
*1 TCFD: Established by the Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, this initiative aims to help companies understand and disclose the financial impact of their climate change risks and opportunities.