JBIC - Japan Bank for International Cooperation
JBIC - Japan Bank for International Cooperation
03/13/2024 | Press release | Distributed by Public on 03/12/2024 23:43
Climate-Related Information Disclosure Based on the TCFD Recommendations
March 13, 2024
Japan Bank for International Cooperation
Japan Bank for International Cooperation
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) today made a disclosure, based on the recommendations by the Task Force on Climate-related Financial Disclosures (TCFD), in accordance with its ESG policy, which it released in October 2021.
The JBIC announced its endorsement of the TCFD, which was established by the Financial Stability Board (FSB) in October 2019. This is the second TCFD disclosure, following the first in October 2022.
This time, the JBIC has enhanced its disclosure, mainly regarding the progress of climate-related initiatives in FY2022. The major enhancements are shown below. For details, please see the addendum of Annual Report 2023 "Climate-related Financial Disclosures based on TCFD recommendations."
| Major enhancements | Pages | |
| Governance | Initiatives under sustainability governance and management systems in FY2022 | 3-4 |
| Strategy | The approach to transitioning toward the realization of carbon neutrality | 5-9 |
| Risk management | Enhancement of climate risk management frameworks and scenario analysis | 10-16 |
| Metrics and targets | GHG emissions (Scope 1 and 2) | 17-18 |
The JBIC will proactively contribute toward fostering global sustainable development and resolving global challenges to ensure the realization of sustainable societies by actively supporting initiatives that promote decarbonization and the SDGs. Also, in recognition of the importance of reporting on climate-related financial information, it will continue to disclose information to its stakeholders as appropriate.