External Initiatives Receiving Group Participation and Support

In December 2020, Cosmo Energy Holdings expressed support for and signed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and joined the TCFD Consortium, a discussion forum for TCFD-participating companies and financial institutions.

The TCFD is a task force established by the Financial Stability Board (FSB) to promote understanding and disclosure by companies concerning the financial implications of the risks and opportunities posed by climate change. The TCFD has published recommendations regarding voluntary information disclosure by companies.

 

TCFD website

TCFD Consortium website(Japanese)

Participation in the Ministry of Economy, Trade and Industry's GX League

Following its declaration of support for the Green Transformation (GX) League Basic Concept in April 2022, in fiscal 2023 Cosmo Energy Holdings began participating in the GX League created by Japan’s Ministry of Economy, Trade and Industry.

The GX League aims to achieve carbon neutrality by 2050 and help transform society by taking on the challenge of green transformation. It was established as a way for companies aiming to achieve sustainable growth in society to collaborate with other like-minded companies, as well as with government and academia, to undertake GX initiatives.

 

GX League Basic Concept (Ministry of Economy, Trade and Industry website) (Japanese)

Keidanren Biodiversity Declaration Initiative

In January 2020, Cosmo Energy Holdings announced its support for the Declaration of Biodiversity by Keidanren (Japan Business Federation) and Action Policy.

Companies and organizations that support the overall purpose of Declaration of Biodiversity by Keidanren and Action Policy and that adopt two or more of the seven principles listed in the Declaration are able to share information concerning their action policies for the future and examples of their activities for policy achievement.

 

Keidanren Biodiversity Declaration Initiative website (Japanese)

In October 2023, Cosmo Energy Holdings participated in the TNFD Forum, which is made up of organizations and companies that support the activities of the Taskforce on Nature-Related Financial Disclosures (TNFD).

 

Launched in June 2021, TNFD is an international initiative to encourage private companies and financial institutions to appropriately assess and disclose risks and opportunities related to natural capital and biodiversity. Aiming for a model similar to the TCFD initiative, the TNFD is promoting the construction of a data disclosure framework concerning nature-related risks with the aim of shifting the flow of funds in a nature-positive direction.

 

The TNFD Forum provides various types of support based on specialized knowledge for building information disclosure frameworks and shares information related to the TNFD initiative.

 

TNFD Forum website