JT Group Recognized on CDP's "Climate A List" and "Water A List" for the 2nd Consecutive Year and Endorses the TCFD Recommendations
Japan Tobacco Inc. (JT) (TSE: 2914) has been recognized for its leadership in corporate sustainability by global environmental non-profit CDP. JT achieved a place on CDP's prestigious "A List"(*1) for tackling climate change as well as acting to protect water security for the second consecutive year. In addition, in December, 2020, the company has endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
JT is one of approximately 60 companies in the world and 16 companies in Japan that achieved "Climate A List" and "Water A List", out of more than 5,800 companies participating in the CDP environmental disclosure program in 2020. This marks JT's third recognition for climate change following 2016 and 2019 and its second recognition for water security following 2019.
"We are delighted to be included in the CDP’s 'Climate A List' and 'Water A List' for the second consecutive year. This clearly reflects our continued efforts to reduce our environmental footprint and our transparency in disclosing information," said Kazuhito Yamashita, Member of the Board and Senior Vice President, Chief Sustainability Officer, Compliance and General Affairs. "We are also pleased to announce that we officially endorsed the TCFD recommendations. The JT Group has been conducting multiple scenario analyses on climate change. We will continue to use the results of these analyses to enhance engagement with our stakeholders and corporate value. Based on the climate-related risks and opportunities identified, we will further strengthen the resilience of our business strategy and optimize the way we disclose the information."
To ensure that a healthy and sustainable environment is passed on to future generations, the JT Group is committed to achieving a balance between corporate activities and environment preservation by addressing environmental challenges in wider society as well as in the Group’s value chain.
The company launched the “JT Group Environment Plan 2030” in 2019, reflecting changes in its business surroundings, with “Energy and Emissions”, “Natural Resources” and “Waste” as its key focus areas. Specifically, the Group is working to enhance measures including the introduction of renewable energy in relation to climate change and to reduce greenhouse gas emissions resulting from its business activities and from the raw materials and services it purchases. As for water security, the Group continues to enhance measures including the reduction of water withdrawal in its business and water risk management from its supply chain.
The JT Group will continue its work to tackle environmental challenges and thus fulfill its social responsibility to help achieve a sustainable society.
CDP (HQ: London) is the leading international non-profit organization that accelerates action to achieve sustainable economies, assessing disclosure and actions by companies from around the world. Representing over 500 investors with assets of USD 106 trillion, CDP sends out questionnaires to companies listed on stock exchanges worldwide, asking them about their activities for reducing greenhouse gas emissions and safeguarding water resources, then evaluates the answers and publishes the scores.
The Task Force on Climate-related Financial Disclosures (TCFD) was established by the Financial Stability Board (FSB) to examine how climate-related information should be disclosed, and how financial institutions should respond. TCFD positions climate change as a serious risk to the world's economy and publishes its recommendations for companies to identify and disclose items such as "Governance", "Strategy", "Risk Management" and "Metrics and Targets".
- *1: CDP scores companies from D- to A based on their environmental performance, which starts with disclosure, and progresses to awareness, management, and finally to leadership. CDP's A List recognizes the world's companies leading on environmental performance.
Japan Tobacco Inc. is a leading international tobacco company with operations in more than 130 countries. With approximately 62,000 employees, it manufactures and sells some of the world’s best-known brands including Winston, Camel, MEVIUS and LD. The JT Group is committed to investing in Reduced-Risk Products (RRP) and currently markets its tobacco vapor products under the Ploom brand and various e-cigarette products under its Logic brand. The Group is also present in the pharmaceutical and processed food businesses.