4:30 PM - 4:45 PM
[HCG22-05] Development of TCFD disclosure support
system
Keywords:Climate change, TCFD(Task Force on Climate-related Financial Disclosure)
1.Introduction
With the growing importance of
non-financial information disclosure,
including the reorganization of the
TSE in April 2022 and the ISSB's (*1)
consideration of the establishment of
standards for sustainability-related
information disclosure in order to
achieve carbon neutrality by 2050,
companies are increasingly working
to advance their GX strategies
through TCFD disclosure (*2) and
setting targets toward
decarbonization. In this context,
companies are accelerating their
efforts to upgrade their GX strategies
through TCFD disclosures (*2) and
setting targets for decarbonization.
Tokio Marine & Nichido Holdings is a
founding member and signatory of
the TCFD, and supports its
recommendations through
information disclosure. Based on
these backgrounds, Tokio Marine &
Nichido Holdings has been developing
and deploying a TCFD information
disclosure support system as part of
its TCFD evaluation and disclosure
support for companies since FY2010,
by combining the knowledge and
expertise of the Group.Based on
these backgrounds, Tokio Marine &
Nichido Holdings has combined its
knowledge and expertise to develop
and deploy a TCFD information
disclosure support system as part of
its support for corporate TCFD
evaluation and disclosure since
FY2010 (*3).
This system systemizes the physical
risk assessment of corporate assets,
which had been the responsibility of
TCFD's expert consultants, and
simplifies the conventional
assessment process. By introducing
our originally developed water-related
disaster risk assessment logic, the
system implements a quantitative
assessment support function for
climate change risk (physical risk),
which is a key point in the
advancement of TCFD compliance.
The transition risk is based on the
parameters of the International
Energy Agency (IEA), which is widely
recognized and used internationally,
and the physical risk is calculated
under the supervision of Tokio Marine
dR, which has experience in assisting
many companies. The physical risk is
calculated under the supervision of
Tokio Marine dR, which has
experience in assisting numerous
companies.
2.Isuue
In order to support companies
engaging in GX, we plan to
incorporate the latest climate change-
related data (e.g., AR6) and to update
and improve the precision of the
TCFD evaluation logic. However, it is
becoming increasingly clear that in
order to meet the needs of companies
engaged in GX, it is necessary not
only to improve the usability of the
system and to link it with other
climate change data, but also to
make it more sophisticated (i.e.,
numerical and quantitative). This
indicates that basic climate change
research is not linked to corporate GX
initiatives, and that there are
potential issues that need to be
addressed in order to link this
research to corporate GX initiatives.
The Tokio Marine & Nichido Group
plans to introduce some of its
approaches to these issues.
*1:International Sustainability Standards
Board
*2:Task Force on Climate-related Financial
Disclosures
https://www.env.go.jp/policy/tcfd.html
*3:
https://www.tokiomarine-nichido.co.jp/
With the growing importance of
non-financial information disclosure,
including the reorganization of the
TSE in April 2022 and the ISSB's (*1)
consideration of the establishment of
standards for sustainability-related
information disclosure in order to
achieve carbon neutrality by 2050,
companies are increasingly working
to advance their GX strategies
through TCFD disclosure (*2) and
setting targets toward
decarbonization. In this context,
companies are accelerating their
efforts to upgrade their GX strategies
through TCFD disclosures (*2) and
setting targets for decarbonization.
Tokio Marine & Nichido Holdings is a
founding member and signatory of
the TCFD, and supports its
recommendations through
information disclosure. Based on
these backgrounds, Tokio Marine &
Nichido Holdings has been developing
and deploying a TCFD information
disclosure support system as part of
its TCFD evaluation and disclosure
support for companies since FY2010,
by combining the knowledge and
expertise of the Group.Based on
these backgrounds, Tokio Marine &
Nichido Holdings has combined its
knowledge and expertise to develop
and deploy a TCFD information
disclosure support system as part of
its support for corporate TCFD
evaluation and disclosure since
FY2010 (*3).
This system systemizes the physical
risk assessment of corporate assets,
which had been the responsibility of
TCFD's expert consultants, and
simplifies the conventional
assessment process. By introducing
our originally developed water-related
disaster risk assessment logic, the
system implements a quantitative
assessment support function for
climate change risk (physical risk),
which is a key point in the
advancement of TCFD compliance.
The transition risk is based on the
parameters of the International
Energy Agency (IEA), which is widely
recognized and used internationally,
and the physical risk is calculated
under the supervision of Tokio Marine
dR, which has experience in assisting
many companies. The physical risk is
calculated under the supervision of
Tokio Marine dR, which has
experience in assisting numerous
companies.
2.Isuue
In order to support companies
engaging in GX, we plan to
incorporate the latest climate change-
related data (e.g., AR6) and to update
and improve the precision of the
TCFD evaluation logic. However, it is
becoming increasingly clear that in
order to meet the needs of companies
engaged in GX, it is necessary not
only to improve the usability of the
system and to link it with other
climate change data, but also to
make it more sophisticated (i.e.,
numerical and quantitative). This
indicates that basic climate change
research is not linked to corporate GX
initiatives, and that there are
potential issues that need to be
addressed in order to link this
research to corporate GX initiatives.
The Tokio Marine & Nichido Group
plans to introduce some of its
approaches to these issues.
*1:International Sustainability Standards
Board
*2:Task Force on Climate-related Financial
Disclosures
https://www.env.go.jp/policy/tcfd.html
*3:
https://www.tokiomarine-nichido.co.jp/