TCFD; Task Force on Climate-related Financial Disclosures
Recently, natural disasters caused by climate change have been increasing worldwide, raising concerns about the impact on society and the financial impact on companies. Addressing climate change and achieving carbon neutrality is a critical global issue, and in Japan, too, there is growing momentum for companies to disclose financial information related to their climate change initiatives and impacts.
In the construction industry, the government has set a target of reducing CO2 emissions from commercial buildings (such as office buildings and commercial facilities) by 51% compared to fiscal 2013 levels by fiscal 2030, making reducing CO2 emissions from construction projects a pressing issue.
Yamashita PMC has long referred to international guidelines such as ISO 26000 and the Sustainable Development Goals (SDGs) to identify ESG issues that have a significant impact on both society and management in areas closely related to our business domains and promote concrete actions to address them.
In December 2023, we also joined the TCFD Consortium. We are currently taking the following measures in line with the TCFD recommendations, and aim to further accelerate our actions toward carbon neutrality in the future, thereby helping to create a sustainable society.
TCFD Consortium
TCFD
Response to ESG issues
E：Environment
Environment
- LCM and energy conservation at buildings and facilities
- Environmentally-friendly measures at buildings and facilities
- Visualize energy usage and energy-saving measures with a BEMS
S：Social
Human rights
- Respect for basic human rights (raising awareness of human rights at work sites; understanding and consideration)
- Making diverse workplaces (equal opportunity for men and women; hiring of disabled persons and rehiring the elderly)
Labor practices
- Fair and equitable personnel evaluation system
- Improved work environment
- Better work-life balance (taking consecutive days off; flex-time scheduling)
- Preparation of in-house training programs
Consumer targets
Disaster reconstruction assistance
Community engagement and development
- Regional revitalization; promotion of projects to develop towns, people and jobs
- Participation in projects, whose theme is pre-symptomatic health
- Assistance for content at CCS lectures
- Participation in future academic societies in the construction industry
- Collaboration between industry, government and academia; lectures for students
G：Governance
Fair business practices
- Creation of a compliance system (for compliance with the ethical rules of the Construction Management Association of Japan)
- Fair competition and dealings (utilization of various contract methods)
- Protection of intellectual property rights
- Writing the “Construction Management Guidebook”
The Yamashita PMC