Hitachi Chosen as “Superb TCFD Disclosure” by GPIF’s External Asset Managers for the Third Consecutive Yr

Digital Author April 5, 2024

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Hitachi, Ltd. (TSE: 6501) has been chosen as an “nice TCFD*1 disclosure” from external asset managers entrusted with the Jap equity investment of Japan’s Government Pension Investment Fund (GPIF) forthe third consecutive year. Hitachi got a high evaluation from eight asset managers, which is the very best quantity among the many chosen companies.

The explanations for the choice are as follows.

The outline of every item is in maintaining with the TCFD Suggestions and Implementation Guidance and the high stage of initiatives. The descriptions are also very positive.
For every business phase, phase suggestions are disclosed in a matrix essentially based totally totally on the business environment, dangers, and alternatives beneath the 1.5°C and 4°C eventualities and the market environment perception essentially based totally totally on factors diversified than the environment that originate no longer count upon the 1.5°C and 4°C eventualities. The firm clearly states that it is highly resilient beneath any scenario.
The 1.5°C and 4.0°C scenario prognosis for every of the predominant companies, along with the dignity of non-environmental factors, indicates a high degree of resilience. The institution of a inexperienced plot promotion structure might maybe presumably well additionally be understood thru sustainability-related conferences.
The contribution to decarbonization and the linkages to their very maintain business are disclosed clearly for the length of. Thedetailed disclosure of decarbonization business alternatives and reduction contributions exhibits a commitment to contributing to decarbonization thru its business. It is also highly commendable that internal carbon pricing enables the firm to make investments in decarbonization.
Beyond the TCFD framework, high quality disclosures might maybe presumably well additionally be identified on local weather alternate and related environmental issues. It’ll provide traders with positive and comprehensible knowledge on key solutions, even though it covers multiple business areas.
All four objects of the TCFD, including particular targets, detailed settings and employ circumstances, are counseled for his or her easy-to-realize disclosure to the reader.
Sustainability governance, in particular compensation governance, is very effective. The firm clearly states that it is highly resilient across the associated price chain thru transition planning and scenario prognosis. It expresses the dimensions of its contribution most likely and business alternatives thru, as an instance, proactive disclosure of reductioncontribution targets and outcomes.
There is a balanced disclosure of the actions which had been taken up to now relating to the four TCFD aspects ‘Governance’, ‘Approach’, ‘Risk Administration’ and ‘ Metrics and Targets’. In explicit, the disclosure of loyal andtargeted reductions in greenhouse gasoline emissions is easy to have and highly evaluated.

Hitachi started disclosing dangers and alternatives related to local weather alternate with Hitachi Sustainability Jabber 2014. The requirement of the disclosure used to be highlighted in the TCFD Final Jabber (TCFD suggestions) released in 2017. In response, Hitachi expressed its toughen for the TCFD suggestions in 2018 and began bettering its disclosures essentially based totally totally on the TCFD suggestions with Hitachi Sustainability Jabber 2018. Moreover, since its institution in2019, Hitachi has been actively alive to as a planning committee member in the TCFD Consortium*2.

Going ahead, Hitachi is dedicated to pursuing business activities aimed at achieving its Environmental Vision and lengthy-time length environmental targets outlined in “Hitachi Environmental Innovation 2050”, while also continue to advancethe disclosure of files in a question of stakeholders.

(1) The Job Pressure on Climate-related Financial Disclosures

(2) An group that facilitates discussions on effective corporate knowledge disclosure and objectives to link disclosed knowledge with appropriate investment decisions by monetary institutions and others.

Hitachi Sustainability Jabber 2023: www.hitachi.com/sustainability/download/

Hitachi Integrated Jabber 2023: www.hitachi.com/IR-e/library/constructed-in/

Hitachi’s Sustainability Initiatives: www.hitachi.com/sustainability/

Hitachi’s Sustainable Procurement: www.hitachi.com/procurement/csr/

Hitachi’s Environmental Activities: www.hitachi.com/environment/

About Hitachi, Ltd.

Hitachi drives Social Innovation Industry, establishing a sustainable society thru the usage of files and know-how. We solve potentialities’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) andproducts. Hitachi operates beneath the business structure of “Digital Programs & Products and services” – supporting our potentialities’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society thru energy and railway programs, and “Connective Industries” – connecting products thru digital know-how to bear solutions in various industries. Driven by Digital, Green, and Innovation, we purpose for reveal thru co-introduction with our potentialities. The firm’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 workers worldwide. For added knowledge on Hitachi, please consult with the firm’s web web roar at https://www.hitachi.com.