Azbil Announces Support for the Recommendations by the Task Force on Climate-related Financial Disclosures

TOKYO, Dec. 3, 2019: Azbil Corporation (Tokyo Stock Exchange Code: 6845) announced that it supports the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD)*1 on financial disclosures that pertain to climate-related matters. Through this support, Azbil indicates that it comprehends the impact of climate change on its business operations and will disclose financial information appropriately.

Based on the azbil Group philosophy, “To realize safety, comfort, and fulfillment in people’s lives and contribute to global environmental preservation through ‘human-centered automation,’” Azbil has undertaken initiatives with customers to solve a wide range of environmental issues. In June 2019, Azbil’s targets for reducing greenhouse gas emissions were approved by the Science Based Targets initiative*2.

Group-wide Guiding Principles were recently established as “guideposts” to allow Azbil to contribute to the development of a sustainable society by proactively undertaking initiatives to tackle global issues through all of its business operations and the actions of its employees. Furthermore, the entire azbil Group has committed to also contribute to the Sustainable Development Goals (SDGs) set out by the United Nations.

Based on the azbil Group philosophy, Azbil will fulfill its responsibility as a member of society and proactively endeavor to expand opportunities for dialogue with our diverse stakeholders.

*1 Established by the Financial Stability Board (FSB) in 2015, the TCFD published recommendations in 2017 on the disclosure of climate-related financial risk information. Currently, the term “TCFD” refers to the organization’s recommendations and proposed framework.
*2 An international environmental organization that proposed the Science Based Targets, goals with a scientific basis for reducing greenhouse gas (GHG) emissions in order to curb global temperature increase.

Azbil set the following targets for reducing GHG emissions by 2030.
• Reduce GHG emissions from business activities by 30% from a 2013 base-year
• Reduce GHG emissions across its entire supply chain by 20% from a 2017 base-year

* Posted information is accurate as of the date of announcement.


Contact

For media inquiries
Robert Jones / Masayoshi Kogai
Public Relations Section, Azbil Corporation
Phone: +81-3-6810-1006 Email: publicity@azbil.com