The Task Force on Climate-related Financial Disclosures, formed at the direction of the Financial Stability Board (FSB) in April 2015, provides a framework for companies to voluntarily disclose information on climate-related risks and opportunities.

The Sumitomo Forestry Group recognizes the risks associated with climate change as serious risks, and announced its support to the TCFD in July 2018. Based on the TCFD recommendations scenario analysis was initiated the same year.

In addition, Sumitomo Forestry also participate in the TCFD Consortium, which discusses effective information disclosure by companies and initiatives to link disclosed information on climate change measures to financial institutions' appropriate investment decisions.

This international initiative, mainly formed by four organizations: the Global Canopy, the United Nations Development Programme (UNDP), the United Nations Environment Programme Finance Initiative (UNEP FI), and the WWF, aims to develop and provide a framework for the disclosure of financial information related to biodiversity and natural capital.

Since February 2022, our company has participated in TNFD Forum, a stakeholder organization that supports TNFD discussions. We have registered for the TNFD Early Adopter*, which adopts disclosure recommendations announced in September 2023.
In addition, as a member of Forest Solution Group (FSG), which is made up of companies in forest sector of WBCSD, our company was the only Japanese company which participated in preparation of TNFD’s draft guidance for forest sector, released in December 2023.

* "TNFD Adopter" refers to a company or organization that has registered with an intention to disclose information in accordance with the TNFD recommendation on website of TNFD

The SBTi was established as a collaborative initiative of four organizations – the UN Global Compact, CDP, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) in 2015, to promote science-based Greenhouse Gases Emission reduction targets to prevent temperature increases from pre-industrial times.

The Sumitomo Forestry Group obtained SBT certification in 2018 under the standards of that period. In November 2024, a new target was established based on the standard of achieving net-zero emissions by 2050. In accordance with SBT Guidance, we have also updated our short-term goals for 2030 and have obtained the relevant certification.

RE100 is an international initiative run jointly by The Climate Group, a global joint environmental NGO, and the CDP.

Sumitomo Forestry joined the RE100 in March 2020, with the goal of utilizing 100% renewable energy in its operations. Our goal is to transition fuel to generate power to 100% renewable energy in Sumitomo Forestry Group power and power generation businesses by 2040.