Climate change

Tokai Carbon Group recognizes that addressing climate change is an important management issue. In November 2021, by resolution of the Board of the Directors, the Group expressed its support the Task Force on Climate-related Financial Disclosure (TCFD).
We will take appropriate measures toward achieving a low-carbon and carbon-neutral society by understanding the impact of climate change on our business based on TCFD recommendations.

Detail

CO2 Emissions Reduction Target

Tokai Carbon Group’s CO2 Emissions Reduction Target

Roadmap to Carbon Neutrality

We will take steps to reduce CO2 emissions using existing technologies to achieve a 25% reduction in CO2 emissions by 2030. With respect to raw materials, we are considering introducing plant-derived and renewable resources. We will diversity from fossil fuels to electric energy and renewable energy for manufacturing. We will also make capital investments in energy conservation. In addition, we will actively use new technologies and innovate towards net-zero carbon emissions in 2050. Amid revolutionary technological advances worldwide to reduce CO2 emissions, we will actively introduce technologies that are likely to find full practical application.

Organization for Carbon Neutrality

We turned the Carbon Neutral Project launched in May 2021 into the Carbon Neutral Committee, chaired by the President, in January 2022 to strengthen our structure. Acting as a command post for our carbon neutrality actions, the Committee drafts company-wide plans and policies related to carbon neutrality, monitors the status of initiatives involving co-creation with external third parties through industry-government-academia collaboration, and issues reports and refers matters to the Board of Directors.