Coca-Cola Bottlers Japan Holdings Inc. has endorsed the initiatives of the Taskforce on Nature-related Financial Disclosures (TNFD) and joined the TNFD Forum.
The TNFD was launched as a framework to follow the Taskforce on Climate-related Financial Disclosures (TCFD) that properly assesses risks and opportunities related to natural capital and biodiversity. By encouraging financial institutions and companies to disclose their information, the TNFD promotes the development of a disclosure framework for nature-related risks in order to shift the flow of funds to Nature Positive, the global goal of halting the decline of biodiversity and moving toward recovery by 2030.
The CCBJH Group’s environmental policy defines one of our important missions as making effective use of water and other natural resources. Such natural assets are indispensable to both our business activities and must be passed on to future generations in a sustainable manner. As a company that uses water for its business, it is essential to protect ecosystems such as forests, grasslands, and water sources. Our non-financial CSV Goals prioritize their efficient use, waste reduction, and replenishment. Based on these objectives, we have been making efforts to conserve and replenish water as well as sustain biodiversity in priority areas.We enter into agreements with local forestry cooperatives in all water source areas of our 17 plants. We conduct activities to preserve the environmental benefits of forests to the fullest and protect biodiversity for years to come.
Through our participation in this forum, the CCBJH Group will strengthen our efforts to sustain biodiversity and contribute to the achievement of the Sustainable Development Goals (SDGs) in our business areas, and aiming to realize a sustainable society.
Sustainability Initiatives of Coca-Cola Bottlers Japan Holdings (Sustaining Biodiversity)
About the Taskforce on Nature-related Financial Disclosures (TNFD)
The Taskforce on Nature-related Financial Disclosures (TNFD) was established to develop and provide a framework for integrated risk management and information disclosures that would enable organizations to report and take action on the constantly changing nature-related risks they face. Their ultimate goal is to help shift the global flow of finances from having a negative effect on nature to having a positive one. The 34 Taskforce members, with assets in excess of $19.4 trillion USD, are working with the TNFD Co-Chairs to develop the TNFD Framework. 16 Core Knowledge Partners, comprised of industry-leading scientific, standards development, and data organizations, are participating in the Taskforce's initiatives. More than 500 organizations support the taskforce as members of the TNFD Forum. By making this framework available in 2023, TNFD aims to enable organizations to report and act on the constantly changing nature-related risks they face. When provided with better information, financial institutions and companies will be able to factor nature-related risks and opportunities into their decision-making processes. The TNFD initiative was launched in September 2020 by four organizations: Global Canopy, the UNDP, the UNEPFI, and the WWF. After a nine-month preparatory phase, it started officially in June 2021. TNFD is funded by the United Kingdom, Australian, Swiss, and Dutch governments, the UNDP, the Global Environment Facility (GEF), and the Children's Investment Fund Foundation (CIFF).