Murata Manufacturing Co., Ltd. (head office: Nagaokakyo-city, Kyoto Prefecture; Chairman of the Board and President: Tsuneo Murata) has announced its endorsement of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB).
Based on the TCFD recommendations, Murata will continue to analyze the risks and opportunities posed to its business by climate change and endeavor to disclose pertinent information related to governance and strategy.
Initiatives by Murata Related to Climate Change
Finding measures to deal with climate change and to enable society to continue to grow in a sustainable manner constitutes one of the most important challenges facing international society. As Murata endeavors to expand its business, it is moving forward aggressively with measures to combat climate change, such as revising standards for capital investment to encourage the introduction of more energy-efficient equipment. For example, Murata is working to optimize the efficiency of its business operations by deploying energy management systems that utilize sensors developed in-house at its factories to enable visualization of information on environmental factors such as temperature and the energy usage status of various types of equipment. Murata also participates in the Japan Climate Leaders’ Partnership*1 as part of its efforts to use knowledge from both inside and outside the company in the exploration of promising new policies. Moving forward, Murata will continue to pursue such initiatives as promoting the use of energy from renewable sources, as we work toward the realization of a post-carbon society.
*1 A working group of 132 participating companies that aims to achieve the realization of a sustainable post-carbon society
About the Task Force on Climate-related Financial Disclosures (TCFD)
This task force was established by the Financial Stability Board (FSB) to study questions related to the disclosure of climate-related information and support by financial institutions. At present more than 900 institutions worldwide, including financial institutions, enterprises and governments, have endorsed the TCFD recommendations.
Murata in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com