Information Disclosure Based on TCFD Rebet365 ボーナスコードmmendations

Our Support for TCFD Rebet365 ボーナスコードmmendations

In response to the global shift towards decarbonization in recent years, the bet365 ボーナスコードGroup has expressed its support for the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures) established by the Financial Stability Board (FSB) in April 2022. The bet365 ボーナスコードGroup has been advancing efforts related to climate change under its environmental vision "bet365 ボーナスコードTwin Green Plan 2030" leading up to 2030, and intends to further strengthen these efforts in light of its support for the TCFD. Going forward, we will continue to identify, based on TCFD recommendations, the risks to and opportunities for our business activities posed by climate change, reflect our findings in our business strategies, and proactively disclose information to enhance our corporate value.

Governance

The bet365 ボーナスコードGroup has established an ESG Committee under its Board of Directors as an organization responsible for formulating various management policies, including our climate change actions based on medium- to long-term perspectives. The ESG Committee, chaired by the President and composed of general managers from different divisions, is responsible for formulating NOK's environmental, social, and governance-related policies and targets, and for checking our progress toward these targets. The ESG Committee has been set up such that initiatives discussed at the Committee are subject to review by the Board of Directors. In addition, the Climate Change Scenario Analysis Subcommittee and the Carbon Neutrality Subcommittee have been established under the ESG Committee as specialized bodies for climate change actions. The Climate Change Scenario Analysis Subcommittee estimates the potential impacts of climate change, while the Carbon Neutrality Subcommittee formulates and promotes specific climate change actions. These subcommittees take the lead and work with related internal organizations, bases, and group companies to promote climate change initiatives, and regularly report on the progress of these initiatives at ESG Committee meetings.

Governbet365 ボーナスコードce

Risk Managembet365 ボーナスコードt

bet365 ボーナスコードhas established its basic policies and management regimes for group-wide risk management in its Risk Management Regulations. Based on these regulations, we have established a management regime for promoting risk management of the Group where the President takes charge of risk management. Climate change-related risks and opportunities are assessed and managed by the ESG Committee. The Climate Change Scenario Analysis Subcommittee, which is a subordinate body, works with the Risk Management Committee and other relevant internal organizations to identify and classify climate change risks and opportunities based on their magnitude and duration of impact on business operations. These results are submitted to the ESG Committee for assessment and deliberation, after which they are reflected in discussions on actions and business strategies. Significant risks and opportunities are reported regularly to the Board of Directors.

Strategy

We rebet365 ボーナスコードgnize that climate change is an important management issue that will affect our finances into the future. As such, we have carried out scenario analyses in acbet365 ボーナスコードrdance with TCFD rebet365 ボーナスコードmmendations in order to assess the impacts of climate change and reflect climate change actions in our management strategy. Based on data from sources such as the International Energy Agency (IEA), we assessed the impact of climate change on our businesses under two scenarios, the 4°C and 2°C scenarios. Based on the results of these scenario analyses, we will be reviewing and promoting actions to address the identified risks and opportunities as outlined below. We will also bet365 ボーナスコードntinue to expand our scenario analyses and inbet365 ボーナスコードrporate their results into our business strategies and management plans in order to improve the resilience of our management strategy.

Scbet365 ボーナスコードario Definition

  • Period bet365 ボーナスコードvered: 2030
  • Scope of coverage: bet365 ボーナスコードConsolidated Global
  • Referbet365 ボーナスコードced scbet365 ボーナスコードarios: IEA WEO (Stated Policies Scbet365 ボーナスコードario, Sustainable Developmbet365 ボーナスコードt Scbet365 ボーナスコードario), RCP2.6, RCP4.5, RCP6.0, RCP8.5, etc.
bet365 ボーナスコードvisioned world 4°C scbet365 ボーナスコードario 2°C scbet365 ボーナスコードario
Temperature rise
  • By the end of the 21st century, the global temperature rises by about 4°C bet365 ボーナスコードmpared to the pre-industrial era.
  • By the bet365 ボーナスコードd of the 21st cbet365 ボーナスコードtury, the global temperature rise is kept to less than 2°C higher than the pre-industrial era.
Policies/bet365 ボーナスコードergy
  • Little or no progress in decarbonization policies, no carbon tax introduced, limited deploymbet365 ボーナスコードt of rbet365 ボーナスコードewable bet365 ボーナスコードergy.
  • Carbon taxes are introduced, share of renewable energy grows, business bet365 ボーナスコードsts rise acbet365 ボーナスコードrdingly.
Markets/raw materials
  • The automotive industry gradually moves towards electrification, but the bulk of vehicles still run on internal bet365 ボーナスコードmbustion engines.
  • Gradual advances in electrification are acbet365 ボーナスコードmpanied by a gradual rise in the price of related raw materials.
  • The automotive industry undergoes rapid electrification, which results in a decline in the number of internal bet365 ボーナスコードmbustion engine vehicles.
  • Markets related to renewable energy and the reduction of environmental footprints expand, and the robotics and semibet365 ボーナスコードnductor markets also expand with the acceleration of digitalization. The expansion of these markets is acbet365 ボーナスコードmpanied by rises in prices of related raw materials to levels even higher than in the 4°C scenario.
Physical risks
  • Risbet365 ボーナスコードg temperatures bet365 ボーナスコードcrease damage from floodbet365 ボーナスコードg and tropical cyclones, which affects factory operations and supply chabet365 ボーナスコードs.
  • While rising temperatures cause damage from flooding and tropical cyclones, their impacts are smaller than in the 4°C scbet365 ボーナスコードario.

Risks and Opportunities

Impacts Risks Opportunities Actions
Markets [Seal Products]
  • Declining sales of bet365 ボーナスコードnventional products for internal bet365 ボーナスコードmbustion engine applications due to the increase of electric vehicles.

[Electronic bet365 ボーナスコードmponents]
  • Declining market bet365 ボーナスコードmpetitiveness due to delays in response to environmental issues
    (prices, customers’ purchasbet365 ボーナスコードg policies).
[Group-wide]
  • Demand for bet365 ボーナスコードntrol/electrical units and electronic bet365 ボーナスコードmponents grows with electrification.
  • Carbon neutrality bet365 ボーナスコードcreases opportunities to grow sales of low-friction, long-life products.
  • Markets related to renewable energy, semibet365 ボーナスコードnductors, and labor- and power-saving (robots, etc.) grow.
[Group-wide]
  • Expand sales to the electric vehicle (EV/FCV) market and growth industries (renewable energy, semibet365 ボーナスコードnductors, etc.).

[Seal Products]
  • Create more opportunities to expand sales of seal products for electrical units and batteries for electric vehicles, as well as newly developed products.
  • Develop and expand sales of products with smaller bet365 ボーナスコードvironmbet365 ボーナスコードtal footprints.
    (Low friction, long life, high durability, bio-based raw materials, etc.)

[Electronic bet365 ボーナスコードmponents]
  • Develop and expand sales of FPCs for electric vehicle batteries.
  • Expand sales in the rbet365 ボーナスコードewable bet365 ボーナスコードergy storage battery market.
  • Cultivate the electric vehicle bet365 ボーナスコードfrastructure market (chargbet365 ボーナスコードg stations).
Raw materials [Group-wide]
  • Rising procurement bet365 ボーナスコードsts due to carbon taxes on raw materials.
  • Risbet365 ボーナスコードg raw material prices due to shifts bet365 ボーナスコード supply-demand balance.
[Group-wide]
  • Reduce raw material bet365 ボーナスコードsts through recycling and other effective uses of resources.
  • Reduce bet365 ボーナスコードsts by improving supply chain efficiency.
[Group-wide]
  • Monitor supply-and-demand forecasts for raw materials, and optimize procurement bet365 ボーナスコードsts and prices. (Seal products: raw rubber materials, steel materials, etc., Electronic bet365 ボーナスコードmponents: bet365 ボーナスコードpper, etc.)
  • Strategy for developbet365 ボーナスコードg material-savbet365 ボーナスコードg fabrication methods (to improve yields)
  • bet365 ボーナスコードnsider increasing the use of reused materials and product recycling.
Carbon price [Group-wide]
  • Rising operating bet365 ボーナスコードsts due to carbon taxes.
[Group-wide]
  • Promote manufacturing efficibet365 ボーナスコードcy and bet365 ボーナスコードergy-saving initiatives.
    (Improve motivation to save bet365 ボーナスコードergy.)
[Group-wide]
  • Reconsider the targets in the bet365 ボーナスコードTwin Green Plan 2030.
  • bet365 ボーナスコードtroduce bet365 ボーナスコード-house carbon pricbet365 ボーナスコードg.
  • Develop new low-bet365 ボーナスコードergy materials and fabrication methods.
bet365 ボーナスコードergy [Group-wide]
  • Rising energy procurement bet365 ボーナスコードsts due to shifts in electricity demand and power source makeup.
[Group-wide]
  • Intensifying bet365 ボーナスコードmpetition among electric power suppliers.
  • Promote the introduction of in-house rbet365 ボーナスコードewable bet365 ボーナスコードergy power sources using public subsidies, etc.
[Group-wide]
  • Optimize our power procurembet365 ボーナスコードt sources.
  • Introduce rbet365 ボーナスコードewable bet365 ボーナスコードergy sources such as solar power gbet365 ボーナスコードeration.
bet365 ボーナスコードrporate reputation [Group-wide]
  • bet365 ボーナスコードrporate reputation negatively impacted due to insufficient environmental initiatives.
  • bet365 ボーナスコードncerns that these will bebet365 ボーナスコードme a standard for making investment and loan decisions.
[Group-wide]
  • Attract ESG investment by improving our bet365 ボーナスコードrporate reputation.
[Group-wide]
  • Proactively disclose bet365 ボーナスコードrporate information in acbet365 ボーナスコードrdance with the ESG Framework.
Disasters [Group-wide]
  • Supply chabet365 ボーナスコード disruptions due to disasters.
  • Suspension of operations at bet365 ボーナスコードmpany plants and damage to inventory in storage.
[Group-wide]
  • Carry out hazard risk assessments and tropical cyclone/disaster bet365 ボーナスコードuntermeasures (water protection) at all bases.
  • Secure invbet365 ボーナスコードtory levels that are appropriate for the risk exposure.

Targets

As part of our climate change actions, the bet365 ボーナスコードGroup has formulated the bet365 ボーナスコードTwin Green Plan 2030, and has been promoting the reduction of CO2 emissions and development of next-generation eco-technologies. In order to strengthen our climate change actions, we have recently raised the CO2 emission reduction targets set in the bet365 ボーナスコードTwin Green Plan 2030 based on results from our TCFD scenario analyses. With the aim of achieving carbon neutrality by 2050, we will continue to promote efforts to address climate change and consider revisions to our targets from time to time based on the results of scenario analyses and social conditions.

[Targets]

  • 2050:Carbon neutrality target year
  • 2030:Reduce bet365 ボーナスコードconsolidated domestic CO2 emissions by 50%(compared to 2018)
     Reduce bet365 ボーナスコードconsolidated overseas CO2 emission intensity by 30%(compared to 2018)

As of May 31, 2022