News

Osaka-Gunze Limited (Headquarters: Osaka, Japan, President: Toshiyasu Saguchi) [TOKYO:3002] is pleased to announce that the company has signed up to support the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and has joined the TCFD Consortium on October.
The Gunze Group was quick to incorporate the SDGs into its medium-term management plan. At the same time, in order to put the action plans into practice as speedily as possible, the company has identified those sustainability issues that have a significant impact on our corporate management and specified them as “Gunze’s important challenges” that we need to tackle with particular urgency as we work toward resolving social issues through our business. Now the company has decided to disclose information in line with the recommendations of TCFD (Note1). Also, by participating in the TCFD consortium (Note2), the company supports TCFD objectives and strengthens communication with its stakeholders regarding climate-related risks and opportunities.

The Gunze Group continues to address the environmental and climate change as an important management issue. And the company will work to resolve medium- to long-term social issues through making the best efforts to reduce the environmental impact and develop environmentally friendly products.

(Note1) TCFD was established by the Financial Stability Board in 2015 in response to a request from G20 leaders. It recommends that financial impacts of risks and opportunities created by climate change on business management should be assessed and disclosed by including governance, strategy, risk management, and metrics and targets as core elements of disclosures.

(Note2) TCFD Consortium was established in Japan on May 27,2019 which is a platform for promoting the responsible disclosure of climate-related financial information by businesses and the use of this information in the investment decisions of financial institutions.

You can access the Gunze Sustainability web site:
https://www.gunze.co.jp/english/sustainability/

About Gunze
Gunze was founded in Kyoto, Japan in 1896, and today operates a diverse business as a leading developer and manufacturer of Plastic Films, Engineering Plastics, Electronic Components, Medical Devices, Apparel, and various other segments. Gunze employs more than 5,800 people worldwide throughout 10 countries.
With the aim to give back to the society in which the company operates, Gunze is determined to be a responsible corporate citizen by adhering to our founding philosophy that underscores a people-oriented approach, a commitment to quality, and coexistence.