Participation in Initiatives

TCFD: Task Force on Climate-related Financial Disclosures

Nippon Sanso Holdings expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)* in November 2019. We have already been working to reduce environmental impacts and save energy, and to expand its lineup of products that contribute to reducing GHG emissions. However, based on the final recommendations of the TCFD, we will enhance these initiatives even further and phase in improvements to our relevant information disclosure as we work to increase the corporate value of the entire Group.

*The TCFD announced its final recommendation report in June 2017, which recommends that all companies and other organizations disclose information about governance, strategies, risk management, indicators, and targets regarding climate change-related risks and opportunities.

CDP

Response to CDP

We have been responding to surveys from CDP*, an international NGO (Non-governmental Organization), since 2020.
In 2024, we responded to questionnaires regarding climate change and water security. Please see below for our responses.
*Formerly named the Carbon Disclosure Project, the CDP* is an NGO established in the UK. The organization cooperates with institutional investors to request disclosure regarding environmental responses from companies and local governments and conducts surveys and analyses.

TNFD*1: Task Force on Climate-related Financial Disclosures

Nippon Sanso Holdings Corporation has decided to participate in the TNFD Forum*2 and registered as a TNFD Adopter*3 in August 2024. We have positioned "preservation of biodiversity" as a key aspect in our materiality and have been working to conserve the natural environment and biodiversity. We will continue to analyze and examine our information disclosure in line with the TNFD's information disclosure framework to
promote our measures for the preservation of biodiversity.
The NSHD Group will keep its efforts in making contribution to a sustainable society by providing values to customers and society while taking the global environment into consideration and working to solve social issues. 

*1 TNFD:
An international initiative established in June 2021 to appropriately assess and disclose how companies and organizations depend on and give impact on nature’s assets and biodiversity in their business activities.
 
*2 TNFD Forum:
A network in which companies and organizations with expertise in a wide range of fields participate and support the construction of an information disclosure framework based on TNFD.

*3 TNFD Adopter:
A company or organization that has registered its intention, on the TNFD Website, to make public disclose aligned with the TNFD Recommendations issued in September 2023. Registered companies and organizations need to make disclosures in line with the TNFD Recommendations in respect of their fiscal year of 2024 or 2025.

Keidanren Initiative for Biodiversity Conservation

We have participated in “Keidanren Initiative for Biodiversity Conservation” in January 2024. We agree with the whole idea and purpose of “Declaration of Biodiversity by Keidanren and Action Policy,” and will continue to promote business activities that contribute to the preservation of biodiversity.

UN Global Compact

Signature to UN Global Compact

We have signed the UN Global Compact (hereafter “UNGC”) and was registered as a participant on January 18, 2022. We have also joined the Global Compact Network Japan. In addition, Nippon Gases Euro-Holding S.L.U, one of our group companies, has signed the UNGC and has been registered as a participant.

UN Global Compact

What is the UN Global Compact?

UNGC is a voluntary effort by companies and organizations to act as good members of society and participate in the creation of a global framework for sustainable growth by demonstrating responsible and creative leadership. Companies and organizations that have signed the UNGC are required to adhere to and practice ten principles related to the four areas of human rights, labor, the environment and anti-corruption in developing their corporate strategies and activities.
By signing the UNGC, we clearly express our corporate stance and will further promote initiatives to contribute to a sustainable society based on our Group Vision: “We aim to create social value through innovative gas solutions that increase industrial productivity, enhance human well-being and contribute to a more sustainable future.”

The four areas and the ten principles of the UN Global Compact

Area Principle
Human Rights Business should
Principle 1.support and respect the protection of internationally proclaimed human rights; and
Principle 2.make sure that they are not complicit in human rights abuses.
Labour Business should
Principle 3.uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4.the elimination of all forms of forced and compulsory labour;
Principle 5.the effective abolition of child labour; and
Principle 6.the elimination of discrimination in respect of employment and occupation.
Environment Businesses should
Principle 7.support a precautionary approach to environmental challenges;
Principle 8.undertake initiatives to promote greater environmental responsibility; and
Principle 9.encourage the development and diffusion of environmentally friendly technologies.
Anti-corruption Businesses should
Principle 10.work against corruption in all its forms, including extortion and bribery