Participating in Initiatives
To proactively tackle environmental and social issues, the Shindengen Group believes it is necessary to cooperate with various bodies across boundaries of nations, regions, and organizations. Therefore, we participate in initiatives both within and outside Japan.
United Nations Global Compact (UNGC)
The United Nations Global Compact (UNGC) is a voluntary initiative where corporations act as good members of society and achieve sustainable growth by displaying responsible and creative leadership. Corporations and organizations that sign the UNGC are required to support the 10 Principles of Human Rights, Labour, Environment and Anti-Corruption stipulated by the UNGC and contribute to their fulfillment. The Corporate Mission of the Shindengen Group is “Maximizing energy conversion efficiency for the benefit of humanity and society,” and we actively strive to address social issues through our businesses. The 10 Principles of the UNGC are universal values acknowledged by international society that are essential to business activities, and we will take the opportunity of becoming a UNGC signatory to implement responsible management from a global perspective and enhance our initiatives so that we can contribute to the realization of a sustainable society.
CDP is a non-profit organization which mainly cooperates with institutional investors and others to request information disclosures such as climate change strategies and greenhouse gas emissions from corporation and encourage them to take measures. The Shindengen Group discloses environmental information through the CDP.
Task Force on Climate-Related Financial Disclosures (TCFD)
The Shindengen Group regards a response to climate change as an important management issue, and along with announcing our endorsement of the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), we have joined the TCFD Consortium(*1), which was established as a forum for discussions between endorsing corporations, financial institutions and other such organizations. From now on, we will disclose climate-related information appropriately and continue environmentally-conscious business activities in order to contribute to the realization of a sustainable society while also further increasing our corporate value.
*1: Established on May 27, 2019 as a forum for discussions about effective information disclosures from corporations and about initiatives to connect disclosed information into appropriate investment decisions by financial institutions, etc.
The Ministry of Economy, Trade and Industry, Financial Services Agency, and Ministry of the Environment participate as observers.
Science Based Targets initiative (SBTi)
Science Based Targets initiative (SBTi) is an international climate change initiative established by CDP, UNGC, World Resources Institute (WRI) and the World Wildlife Fund (WWF). It is an organization that certifies the reduction targets set by corporations to limit the average global temperature rise due to climate change by 1.5 degrees Celsius compared to pre-industrial levels. The greenhouse gas emission reduction target set by the Shindengen Group for FY2030 has received SBT certification as the target is consistent with the level required by the Paris Agreement.