Sustainability | EnvironmentClimate Change Initiatives
Our Approach
Anthropogenic greenhouse gas emissions, which contribute to global warming, are on the rise, and the sense of crisis about climate change is increasing, as represented by the Paris Agreement adopted at the COP21 in December 2015. Above all, carbon dioxide (CO2) is a major emission source that makes up 76% (from the IPCC 5th Assessment Report) of greenhouse gases, so it is necessary to implement reliable CO2 reduction measures in business activities.
In the TDK Group, the environmental officer serves as the manager of the Group's environmental activities, including climate change issues, and the Safety and Environment Group of the Sustainability Promotion HQ leads the promotion of and support for the Group's environmental activities. We make decisions on important matters for management of the Group's environmental activities based on deliberation by the Executive Committee and, if necessary, the Board of Directors. The TDK Environmental Vision 2035 was established as the goals of specific activities, and we strive to reduce the environmental load from a life-cycle perspective, from the use of raw materials to the use and disposal of products.
From the standpoints of the effective use of energy and the expanded use of renewable energy, TDK is tackling the reduction of energy-related CO2 emissions at manufacturing sites.
TDK is promoting a reduction of the environmental load through initiatives by Scope 3 category. We are promoting the use of materials with a low environmental load, the reduction of CO2 emissions intensity in logistics, and the expansion of products for calculation of product contributions.
Regarding promotion of the use of materials with a low environmental load, we have begun activities incorporating the circular-economy concept and thus reducing the environmental load. For example, in cooperation with outside suppliers, we have built a system for the recycling of PET materials.
Regarding the reduction of CO2 emissions intensity in logistics, our aim is to contribute to global-warming countermeasures, improve transportation efficiency, and lower transportation costs. In Japan, a committee to improve energy conservation in logistics was established in fiscal 2007, when the revised Energy Conservation Act was enacted, and energy reduction activities related to logistics have been carried out.
Regarding the expanded reduction of CO2 emissions through products, we have introduced product assessments since 1997 to evaluate the environmental impact of products throughout their entire lifecycle. In the mechanism we adopt, only products approved by this product assessment are commercialized and distributed into the market.
The excellent environment-conscious products (ECO LOVE products) accreditation system was introduced in 2008 as a measure to continuously create products with high environment-conscious effects based on the assessment results of the product assessment. We have been disclosing information about the products certified as excellent environment-conscious products on our website and promoting the creation and dissemination of products that contribute to reducing the environmental load.
In addition to these activities, expanding the reduction of CO2 emissions through products (product contributions) is one of the core initiatives within the TDK Environmental Vision 2035 and Environment, Health and Safety Action 2025. To mount potent appeals for the social contributions by TDK products as the fruits of technical initiatives, these product contributions have been calculated and disclosed since the TDK Environmental Action 2020 (the company’s previous medium- to long term plan).
Public awareness activities are also being advanced to gain understanding of the contributions of electronic components as intermediary parts, along with moves to formulate coherent industry standards for calculation methods positioned to serve as the basis for earning appropriate evaluations of product contributions performance, and the results were released in the form of guidance by industry groups.
Based on these results, TDK established the Guideline for Calculation of Product Contributions and is promoting the diffusion of global calculation work throughout the entire TDK Group by adding the calculation of product contributions to assessment requirements at the product development stage. Going forward, TDK will continue to establish calculation rules and endeavor to disseminate them throughout the Group.
Response to TCFD
In May 2019 TDK expressed its approval of the Task Force on Climate-related Financial Disclosures (TCFD), which makes recommendations to analyze and disclose information on the impact of climate change on corporate finances. Established in 2015 by the Financial Stability Board (FSB), an international body that aims to stabilize the financial system, the TCFD makes proposals that are expected to be a catalyst for promoting information disclosure within companies and organizations, and encouraging dialogue between financial institutions and business corporations.
The TDK Environmental Vision 2035 calls for "halving the CO2 emissions intensity from a lifecycle perspective by 2035" throughout the entire value chain from procurement to disposal.
Believing that assessing the risks and opportunities to our business due to climate change and appropriately disclosing information are going to be essential for both achieving corporate growth and building a sustainable society in the future, TDK is steadily addressing these matters.
TDK’s initiatives to address the issues of climate change are disclosed below according to the TCFD framework.
Governance
◆Board’s oversight of climate-related risks
At TDK, the environmental officer carries out a management review more than once a year of the state of progress in environment-related matters, including climate change, as well as plans and risks. The results of the management review and matters requiring management decisions are deliberated in the Executive Committee and, if necessary, the Board of Directors.
◆Management’s role in assessing and managing climate-related risks
(Positioning)
Regarding risks relating to the environment, including climate change, TDK has clarified the responsibilities of the environmental officer, who is appointed by the chief executive officer.
In addition, to strengthen the risk management framework, TDK has established committees directly under the Executive Committee. Of them, the Enterprise Risk Management (ERM) Committee has been set up with the aim of ensuring a company-wide response to factors impeding the achievement of business targets and business operations, including climate change. The ERM Committee discusses important matters among environmental risks, including climate change. The chair of the ERM Committee is a corporate officer appointed by the CEO.
(Responsibilities)
Regarding a company’s social responsibility, TDK recognizes that coexistence with the global environment is an important issue in management and has established the post of environmental officer. Appointed by the CEO, the environmental officer takes responsibility for environmental management in general, including climate change. In addition, the head of the Safety and Environment Group of the Sustainability Promotion HQ, which has been established under the environmental officer, is given responsibility for implementing environmental management, including climate change.
In the TDK Group, all business groups, departments, sites, manufacturing subsidiaries, and head office functions come together in unison to work toward realizing the goals of the TDK Environmental Vision 2035 (operate under an environmental load within natural circulation and halve the life-cycle CO2 emission intensity by 2035).
Among environmental risks, including climate change, important matters are reported through the ERM Committee to the Executive Committee and the Board of Directors.
(Content of responsibilities)
The Safety and Environment Group of the Sustainability Promotion HQ sets Group-wide targets for environmental matters, including climate change, and identifies environment-related risks for the Group. The ERM Committee identifies Group-wide risks in accordance with risk management regulations and handles problems relating to climate change as one aspect of Group-wide risks.
(Monitoring)
The achievements of environmental activities, including activities relating to climate change, are reported in the management report, and more than once a year the environmental officer carries out a management review, discussing and deciding important matters in the promotion of environmental activities, such as the compilation of reports and medium- to long-term targets for major KPIs and energy-saving investment. In addition, matters in this management review that are deemed to exert an important impact on management, such as visions and large-scale investment, are discussed in the Executive Committee and, if necessary, the Board of Directors.
Strategy
In the Medium-Term Plan “Value Creation 2023” that started in fiscal 2022, TDK advocates the basic policy of accelerating digital transformation (DX) and energy transformation (EX) in order to enhance customer experience and consumer experience (2CX) and to create value for a sustainable society. As well as setting the TDK Group’s materiality as management issues that should be tackled to realize the Medium-Term Plan, we have positioned EX (contributing to energy and environmental solutions by minimizing waste heat and noise with electronic devices) as a business domain on which TDK focuses for both social value creation and corporate growth, and we are addressing it as one aspect of our business strategy.
Specifically, we are promoting the effective use of energy and the expanded use of renewable energy toward the realization of net-zero CO2 emissions in 2050. Furthermore, we are striving to provide products and solutions for creating clean energy to realize a zero-carbon society and to supply products and solutions for bringing about an efficient energy society through the storage, conversion, and control of energy.
In these circumstances, TDK conducted scenario analysis with the aim of analyzing business risks and opportunities in problems related to climate change and reflecting the results in strategy.
Results of scenario analysis
In accordance with the Practical guide for Scenario Analysis in line with the TCFD recommendations issued by the Ministry of the Environment, TDK implemented scenario analysis based on the following preconditions:
Preconditions
- Assumed period: Fiscal 2031
- Applicable scope: Entire TDK Group
- Adopted scenarios: 2℃ scenario (Sustainable Development Scenario [SDS] and New Policies Scenario [NPS] of the International Energy Agency [IEA]), 4℃ scenario (the IEA’s Current Policies Scenario [CPS], Stated Policies Scenario [STEPS], and Representative Concentration Pathway [RCP] 6.0 scenario)
The following are the main risks and opportunities identified based on the scenario analysis. Under the 2℃ scenario, in which countries’ regulations through decarbonization policies become stricter, we understood the possibility of transitional risks occurring with the introduction of carbon pricing and higher cost of renewable energy. The analysis estimated the financial impact of these risks in 2030 to be 5.9 billion yen in the case of carbon pricing and 17.6 billion yen for renewable energy. In the automotive market, which is one of TDK’s key markets, since the shift to electric vehicles will progress, we also recognized the possibility of expanded sales opportunities for EV-related products and battery-related risks and opportunities.
Under the 4℃ scenario, the analysis also showed the possibility of increased risks of flooding due to the frequent outbreak of abnormal weather.
| Classification | Risks and opportunities | Occurrence* | Main countermeasures | |
|---|---|---|---|---|
| Transition risks | Carbon pricing / carbon-emission targets of each country | Risk | Medium/Long Term |
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| Increase of energy costs due to rise in renewable energy ratio | Risk and opportunity | Medium/Long Term |
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| Increase in price of cobalt and lithium | Risk | Short~Long Term |
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| Increase of new business chances due to expansion of EV market | Opportunity | Medium/Long Term |
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| Development of next-generation battery materials | Risk and opportunity | Long Term |
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| Increase of customer demands regarding RE100 | Risk and opportunity | Short~Long Term |
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| Physical risks | Increase of business risks due to rise in flooding | Risk | Medium/Long Term |
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*Time horizon: "Short-term" is expected to be less than 1 year, "Medium-term" between 1 and 3 years, and "Long-term" between 3 and 20 years.
Risk Management
To strengthen its risk management structure, TDK has established several committees that report directly to the Executive Committee. Among these committees, the ERM (Enterprise Risk Management) Committee has been organized for the purpose of taking a company-wide approach to factors that may hinder the achievement of business goals and business operations, and assesses important risks for management. Climate change risk is identified and assessed as one of them. Regarding risks deemed by the assessment to require Group-wide efforts, including climate change risk, the ERM Committee checks the progress of countermeasures approved by the Executive Committee and, after completion of the countermeasures, obtains the approval of the Executive Committee.
◆Physical Risk Response Plans
As a physical risk relating to climate change, TDK has specified the increase of business risks due to increased flooding. Regarding water risks at all manufacturing sites of the TDK Group, we conduct investigations in accordance with the TCFD using two global evaluation tools—the WWF Water Risk Filter and Aqueduct, announced by the World Resources Institute (WRI). This enables us to identify highly water-stressed regions. Among other things, each site implements measures to counter flooding risks, promotes BCP response, and builds a BCM framework.
Please refer to this link for more details.
Metrics and Targets
TDK has stated its aim to achieve net-zero CO2 emissions by 2050 in the "TDK Group's Materiality" and has also set the goal of "halving the life-cycle CO2 emission intensity by 2035" in the "TDK Environmental Vision 2035". Based on this vision, we have established the action items and target values in the "TDK Environmental, Health and Safety Activities 2025" as our basic environmental plan through 2025, and are monitoring progress. In 2022, we have also announced our commitment to obtain SBT certification and are currently working toward it.
| GHG emissions (kt-CO2) | Fiscal 2023 |
|---|---|
| Total emissions | 27,882 |
| Scope1 | 146 |
| Scope2 | 1,237 |
| Scope3 | 26,499 |
| TDK Group’s materiality | Effective use of energy and expanded use of renewable energy toward the realization of net zero CO2 emissions by 2050 (Scope 1, 2) |
|---|---|
| TDK Environmental Vision 2035 | Halving the CO2 emissions intensity from a life-cycle perspective by 2035, compared with fiscal 2015 (Scope 1, 2, 3) |
| Action Plan in TDK Environment, Health and Safety Action 2025 |
・Improve CO2 emissions intensity by 30% by 2025, compared with fiscal 2015 (Scope 1, 2, 3) ・Achieve renewable energy target of 50% by 2030 (Scope 2) |
For detailed data, please see the link below. Regarding GHG emissions, TDK received third-party verification.
Goals and Achievements
| Fiscal 2023 Goals | Achievements |
|---|---|
|
Reduction of CO2 emissions at manufacturing sites Improve CO2 emission intensity from energy use by 1.8% compared with the previous fiscal year |
Improved by 30.7% compared with the previous fiscal year |
| Improve energy consumption intensity by 1.0% of the previous fiscal year | Improved by 15.0% compared with the previous fiscal year |
| Installation rate of renewable energy electricity in fiscal 2026 : 50% (Scope 2) | 40% introduced compared to target of 34% in fiscal 2023 |
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Reduce CO2 emissions from a life cycle perspective Promote reduction of environmental load through activity of Scope3 |
Reduction of CO2 emissions in global logistics Worsened CO2 emission intensity in logistics by 28% compared with the previous fiscal year |
CO2 Emissions by Category and Scope
| Scope | Outline | CO2 emission | |
|---|---|---|---|
| (Category) | (t-CO2) | ||
| Scope1 | Production | 146,350 | |
| Scope2 | Production | 1,236,669 | |
| Scope3 | 1 | Purchased goods & services | 9,607,890 |
| 2 | Capital goods | 901,708 | |
| 3 | Fuel- and energy-related activities | 1,217,373 | |
| 4 | Upstream transportation & distribution | 238,076 | |
| 5 | Waste generated in operations | 7,409 | |
| 6 | Business travel | 40,728 | |
| 7 | Employee commuting | 7,911 | |
| 8 | Upstream leased assets | Not applicable | |
| 9 | Downstream transportation & distribution | Not applicable | |
| 10 | Processing of sold products | Not applicable | |
| 11 | Use of sold products | 14,477,887 | |
| 12 | End-of-life treatment of sold products | Not applicable | |
| 13 | Downstream leased assets | Not applicable | |
| 14 | Franchises | Not applicable | |
| 15 | Investment | Not applicable | |
Methods of Calculating CO2 Emissions in Scope 3
| Category | Outline | Calculation method |
|---|---|---|
| 1 | Purchased goods & services | Products purchased in the fiscal year concerned multiplied by the emission intensity for each purchase price. Regarding materials, the purchase price of the main constituent materials in each product (excluding semifinished products) multiplied by the emission intensity. |
| 2 | Capital goods | The price of equipment and other capital goods acquired in the fiscal year concerned multiplied by the emission intensity for each investment amount. |
| 3 | Fuel- and energy-related activities | Calculated according to emissions in the extraction, production, and transportation of purchased fuel and fuel used when purchased electricity is generated. Fuel: Each fuel purchased in the fiscal year concerned multiplied by the emission intensity. Electricity: Purchased electricity quantity multiplied by the emission intensity. |
| 4 | Upstream transportation & distribution | Calculated according to emissions involved in the procurement of purchased products and services and emissions involved in the transportation of manufactured products. Regarding purchased products and services, each of the same items as in Category 1 multiplied by the emission intensity involved in procurement. Regarding manufactured products, expenses involved in shipment multiplied by the emission intensity. |
| 5 | Waste generated in operations | Regarding waste at manufacturing sites excluding valuables, financial value of the waste multiplied by the emission intensity. |
| 6 | Business travel | Business travel expenditure is calculated by multiplying expenses involved in employee travel by the domestic employee commuting/business travel expense ratio. Emissions are then calculated by multiplying this business travel expenditure by the emission intensity taking account of the content of business travel. |
| 7 | Employee commuting | Commuting expenditure is calculated by multiplying expenses involved in employee travel by the domestic employee commuting/business travel expense ratio. Emissions are then calculated by multiplying this commuting expenditure by the emission intensity assumed from the means of commuting. |
| 8 | Upstream leased assets | Regarding use of leased equipment, we report emissions in Scopes 1 and 2. |
| 9 | Downstream transportation & distribution | Not applicable, since TDK is a manufacturer of electronic components and a midstream company. |
| 10 | Processing of sold products | Not applicable, since emissions due to the processing of TDK products by customers are small. |
| 11 | Use of sold products | Electricity consumed by TDK products (components) multiplied by the lifelong operating time of set items contained in the product, conversion coefficient, and quantity of TDK products (components) sold. |
| 12 | End-of-life treatment of sold products | Not applicable, since TDK is a manufacturer of electronic components and a midstream company. |
| 13 | Downstream leased assets | Not applicable, since there are no corresponding business activities. |
| 14 | Franchises | Not applicable, since there are no franchise stores. |
| 15 | Investment | Not applicable, since there are no corresponding investments. |
Reduction of CO2 emissions at manufacturing sites
- *The measurement and calculation methods, as well as the numerical results for fiscal 2020 and beyond, have been verified by a third-party.
- * Scope: Emission range defined by the GHG Protocol, an international calculation standard for greenhouse gas emissions. We refer to direct emissions from facilities owned and controlled by the company as Scope 1 and emissions from the production of energy consumed at facilities owned and controlled by the company as Scope 2.
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*TDK's CO2 emissions calculation standard
- CO2 emissions is calculated by multiplying the CO2 conversion factor to the amount of electricity purchased and fuel (such as gas and oil) used at each business site.
- The factors defined in the Act on Promotion of Global Warming Countermeasures are used for the CO2 conversion factor for fuel.
- The latest conversion factor that was publicly known at the time of planning in the beginning of the term is used for the CO2 conversion factor for purchased power.
- The published value has been certified by a third-party verification.
Reduction of CO2 emissions through initiatives by Scope 3 category
- *Calculated based on Japan's Energy Conservation Act.
- *The calculation method was reviewed by a third party.
- *The product contributions have been calculated based on the internal guidelines compliant with IEC's "TR62716 Guidance on Quantifying Greenhouse Gas Emission Reductions from the Baseline for Electrical and Electronic Products and Systems"; The Institute of Life Cycle Assessment, Japan's "Guidelines for Assessing the Contribution of Products to Avoided Greenhouse Gas Emissions"; and JEITA's "Guidance on Calculating GHG Emission Reductions Contribution of Electronic Components."
Evaluations and Future Activities
Reduction of CO2 emissions at manufacturing sites
In fiscal 2023 CO2 emissions decreased by 18.7% from the previous year to 1.383 million tons due to the expanded introduction of renewable energy. Going forward, we will promote reduction efforts rooted in manufacturing activities across the entire Group based on a policy, as advocated in TDK’s materiality, of achieving the effective use of energy and the expanded use of renewable energy toward the realization of net-zero CO2 emissions by 2050.
Reduction of CO2 emissions through initiatives by Scope 3 category
As a result of increased product transportation due to a rise in production volume, CO2 emissions in logistics in fiscal 2023 amounted to 6,690 tons, up 22.5% over the previous fiscal year. This represented an increase of 33.8% over the fiscal 2015 level, meaning that we did not achieve our target.
We have begun efforts at overseas sites to reduce CO2 emissions in logistics, and we are studying a mechanism to gauge emissions so as to properly reflect them in reduction activities.
The contribution to CO2 reduction by products in fiscal 2023 amounted to 4.233 million tons, up 42.6% over the previous fiscal year. The intensity improved by 24.3% compared with the previous fiscal year, so we were able to substantially achieve our target.
Going forward, we will strive to develop eco-friendly products that contribute toward reducing the environmental load of customers and society and to popularize such products by publicizing their value.
| Fiscal 2024 Goals |
|---|
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Reduction of CO2 emissions at manufacturing sites Improve CO2 emission intensity from energy use by 1.8% compared with the previous fiscal year |
| Improve energy consumption intensity by 1.0% of the previous fiscal year |
| Installation rate of renewable energy electricity in fiscal 2026: 50% (Scope 2) |
|
Reduce CO2 emissions from a life cycle perspective Promote reduction of environmental load through activity of Scope3 |
Initiatives
Expanded use of renewable energy
In November 2022 TDK joined the RE100 (Renewable Energy 100%).* Our aim is to increase the use of electricity derived from renewable energy at all our sites in Japan and overseas to 50% by 2025 and 100% by 2050.
Since April 1, 2023, all manufacturing sites in the Tohoku and Niigata areas of Japan have been using 100% electricity derived from renewable energy. We are now promoting activities so that during 2023 all our principal manufacturing sites in Japan come to use 100% renewable-derived electricity.
- *The RE100 is a global initiative operated by a partnership between the Climate Group and CDP international environmental nongovernment organizations. It comprises companies committed to using 100% renewable electricity in their business.
Promotion of Renewable Energy Installation (As of July 1, 2023)
The following sites procure 100% of their power consumption from renewable energy:
Japan
・TDK Head Office (Tokyo)
・TDK Museum (Akita)
・TDK Technical Center (Chiba)
・TDK Narita Factory (Chiba)
・TDK Asama Techno Factory (Nagano)
・TDK Chikumagawa Techno Factory (Nagano)
・TDK Shizuoka Factory (Shizuoka)
・TDK Mikumagawa Factory (Oita)
・TDK/TDK Electronics Factories Inakura Factory, East Site (Akita)
・TDK Corporation Inakura Factory, West Site (Akita)
・TDK/TDK Electronics Factories Honjo Factory, East Site (Akita)
・TDK/TDK Electronics Factories Honjo Factory, West Site (Akita)
・TDK/TDK Electronics Factories Kitakami Factory (Iwate)
・TDK/TDK Electronics Factories Nikaho Factory, North Site (Akita)
・TDK/TDK Electronics Factories Nikaho Factory, South Site (Akita)
・TDK/TDK Electronics Factories Chokai Factory (Akita)
・TDK/TDK Electronics Factories Ouchi Factory (Akita)
・TDK/TDK Electronics Factories Iwaki Factory (Akita)
・TDK/TDK Electronics Factories Sakata Factory (Yamagata)
・TDK/TDK Electronics Factories Tsuruokanishi Factory (Yamagata)
・TDK/TDK Electronics Factories Tsuruokahigashi Factory (Yamagata)
・TDK/TDK Electronics Factories Kofu Factory (Yamanashi)
・TDK Electronics Factories lida Factory (Nagano)
・TDK-Lambda Nagaoka Technical Center (Niigata)
・TDK Precision Tool Corporation (Kanagawa)
China
・TDK-Lambda (China) Electronics Co., Ltd. (Wux i)
・TDK (Zhuhai FTZ) Co., Ltd. (Zhuhai)
・TDK (Zhuhai) Co., Ltd. (Hongqi)
・SAE Components (ChangAn) Ltd. (Dongguan)
Asia
・TDK Philippines Corporation (Laguna, Philippines)
・TDK Electronics (Malaysia) SDN. BHD. (Johor Bahru, Malaysia)
Americas
・Headway Technologies, Inc. (CA, USA)
・TDK Electronics do Brasil Ltda. (Gravataí, Brasil)
Europe, Middle East, Africa
・TDK Electronics AG - HQ (Munich, Germany)
・TDK Electronics AG (Heidenheim, Germany)
・TDK Sensors AG & Co. KG (Berlin, Germany)
・TDK Electronics GmbH & Co OG (Deutschlandsberg, Austria)
・TDK Hungary Components Kft. (Szombathely, Hungary)
・TDK Electronic Components, S.A.U. (Malaga, Spain)
・TDK CROATIA d.o.o. (Kutina, Croatia)
・TDK Foil Iceland ehf. (Akureyri, Iceland)
・Tronics Microsystem SA (Crolles, France)
・TDK-Lambda UK Ltd. (Devon, United Kingdom)
・TDK-Lambda Ltd. (Karmiel, Israel)
The following sites have contracts to procure 50% or more of their power consumption from renewable energy:
・SAE Magnetics (Dongguan) Ltd. (Dongguan, China)
・Dongguan Amperex Technology Limited (Dongguan, China)
・Dongguan NVT Technology Co., Ltd. (Dongguan, China)
・Dongguan Poweramp Technology Ltd. (Dongguan, China)
The following site procures 100% of its purchased electricity from renewable energy:
・TDK Foil Italy S.p.A. (Milano, Italy)
TDK’s ratio for the use of renewable energy (electricity only) worldwide is 39.9%.
Reduction of CO2 emissions in logistics
TDK is promoting the following efforts to reduce CO2 emissions in the logistics stage:
- Modal shift
- Increased efficiency in inter-factory transportation through the concentrated location of manufacturing sites
- Shortening of freight transportation distances by direct shipment
- Miniaturization of products
Expansion of product contributions to reducing CO2 emissions
TMR sensors contribute to reducing environmental load
By replacing conventional sensors with tunnel magneto-resistive (TMR) sensors, TDK has achieved a reduction of power consumption. The environmental contribution in fiscal 2023 was the equivalent of 6,098 tons of CO2. Going forward, this contribution is expected to increase with expansion in the ICT and automotive markets.
Participation in Initiatives and Associations
In promoting efforts to resolve climate change issues, we participate in industry associations and initiatives that are consistent with the vision and direction of the TDK Group. In participating in industry associations and initiatives, the TDK Group deliberates in the Executive Committee and reports to the Board of Directors as necessary. We also ensure that our environmental strategy is consistent with their activities, and take necessary action if there is any inconsistency.
TCFD
In May 2019 TDK expressed its support for the Task Force on Climate-related Financial Disclosures (TCFD*), which makes recommendations for analyzing and disclosing information on the impact of climate change on corporate finance.
- *The Task Force on Climate-related Financial Disclosures (TCFD) was founded in 2015 by the Financial Stability Board (FSB), an international body seeking to achieve the stabilization of the financial system.
SBTi
In September 2022, TDK submitted a commitment letter to the SBT Initiative (SBTi), an organization that certifies "Science Based Targets," greenhouse gas emission reduction targets that are scientifically consistent with the targets set by the Paris Agreement. We have stated its intention to obtain SBT accreditation within two years.
RE100
In November 2022, TDK has joined the RE100* international initiative as the company works toward ensuring that 100% of the electricity used in its business activities comes from renewable energy. TDK plans to contribute to the implementation of a sustainable society, aiming to convert electricity use at all of its business facilities around the world to 100% renewable energy by 2050.
- *International initiative operated by Climate Group, an international environmental NGO, in partnership with CDP. It consists of companies committed to converting electricity use in business activities to 100% renewable energy.
Japan Electronics and Information Technology Industries Association (JEITA)
As a lead company of the JEITA Environment Committee and the Electronic Components Board and a member of the Special Committee for Preventing Global Warming, we exchange information and opinions with government ministers and environmental policy section officials, and make policy proposals to them.
JEITA Green x Digital Consortium
JEITA has established the Green x Digital Consortium as a space for pursuing activities that promote corporate carbon neutrality and create and deploy new digital solutions leading to industrial and social transformation. We have participated in this consortium since its foundation.
