In line with its Management Philosophy, The Fuji Oil group promotes ESG management to achieve sustainable growth while contributing to a sustainable society. In April 2019, Fuji Oil Holdings established the position of Chief ESG Officer（C”ESG”O）, which is also on the board of directors, to reinforce the Group’s ESG management.
Risks and opportunities associated with climate change have been evaluated through a Group-wide risk management system. On May 2019, the Fuji Oil Group joined other sustainability frontrunners in the Task Force on Climate-related Financial Disclosures (TCFD). In the future, we will visualize risks and opportunities on our business resulting from climate change, through the participation in the TCFD Consortium and dialogue with stakeholders.
In addition, in FY2018 The Fuji Oil Group formulated an ”Environmental Vision 2030” ※2 in order to contribute to achieving the Paris Agreement, an international framework to address global warming. This vision sets CO2 reduction targets in line with the Science Based Target （SBT） approach. These targets are achieved through emission reduction activities planned by all our group companies. This will allow us to acquire the SBT certification in the near future, which will help us consolidate our sustainability leadership position.
Our score of ”Climate Change A-” is a recognition to the efforts of our entire company in the area of climate change. We will continue engaging with all of our stakeholders on activities pointing at solving social issues, including Climate Change, through our business activities.
CDP runs an environmental disclosure system for companies, cities, states and regions. It also evaluates the data supplied and provides a score companies and cities from A to D. More than 8,400 companies, which account for more than 50% of the global market capitalization, disclosed their environmental data through CDP in 2019.
Source：CDP Japan 500 Climate Change Report 2019
※2 Environmental Vision 2030