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Participation in Task Force on Climate-related Financial Disclosures

2021/7/20

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Anritsu Corporation (President Hirokazu Hamada) is pleased to announce that the company has approved the proposal of the Task Force on Climate-related Financial Disclosures (TCFD), an international taskforce established by the Financial Stability Board (FSB) to offer proposals and guidance on disclosure of information about the financial impact of climate change.

“Anritsu Sustainability Report 2020” disclosed the company’s climate-related risks and opportunities in compliance with the framework of the TCFD proposal and published the contents of four items - governance, strategy, risk management, and metrics and targets.

For the future, we will work sincerely on tackling climate change and disclosing information based on the TCFD recommendations.

Click here for disclosure contents.

Tackling Climate Change

Anritsu has devised plans in Scope 1+2[※1] and Scope 3[※2] to reduce the greenhouse-gas emissions by 2030, which were approved by the SBT Initiative[※3] in December 2019 as a scientifically well-grounded standard for achieving the 2°C target proposed by the 2015 Paris Agreement.

As an achievement of this goal and our own SDGs efforts, we have developed "Anritsu Climate Change Action PGRE 30" to raise the share of private renewable energy generation to about 30% by around 2030. Through this initiative, we will contribute to the SDGs Goal No. 7 Target 7.2 “By 2030, significantly increase the proportion of renewable energy in the global energy mix”.

As a milestone in promoting this target, in April this year, we published the Sustainable Development Goals (SDGs) in the GLP2023 Mid-term Business Plan to establish target of Greenhouse gases reductions (SBT) and increases in In-house power generation ratio (PGRE 30) to be achieved in FY2023.

Click here for GLP2023 details.

Greenhouse-gas emission-reduction targets confirmed by SBT Initiative

Scope 1+2 target

30% reduction in direct greenhouse-gas emissions by 2030 compared to 2015

Scope 3 target

30% reduction in total greenhouse-gas emissions from purchased outside products and services as well as sold Anritsu products by 2030 compared to 2018

Anritsu Climate Change Action PGRE 30

We aim to directly cut our greenhouse-gas emissions by staged installation of Group solar power generation facilities to increase the proportion of in-house power generation.

Solar power generation facilities are being expanded at Anritsu Global Headquarters in Atsugi, Kanagawa, as well as at Tohoku Anritsu in Fukushima, while new solar power facilities are being installed at Anritsu Company in California. As a result, the proportion of in-house power generation relative to the total power consumption of the entire Group will increase to about 30% by FY2030 from 0.8% in FY2018. “PGRE” in the PGRE 30 plan means Private Generation of Renewable Energy, while “30” expresses the intent to achieve the 30% proportion of in-house power generation by around 2030.

About TCFD

TCFD is a taskforce established in 2015 by the Financial Stability Board (FSB), an international organization composed of central banks and financial regulators in major economies. It is tasked with understanding and disclosing the financial risks and opportunities presented by climate change, and published its last proposal about the role of voluntary information disclosure in June 2017. By May 2021, more than 2000 organizations (governments and financial organizations) worldwide have agreed to the TCFD proposal.

Click here for details about TCFD.

Click here for Anritsu–TCFD agreement.

Technical Terms

[※1] Scope 1+2
Scope 1 covers reduction of direct greenhouse-gas emissions (from Anritsu plants, offices, company vehicles, etc.). Scope 2 covers reduction of indirect greenhouse-gas emissions from energy suppliers (due to company purchase of heat and power).
[※2] Scope 3
Scope 3 covers reduction of total emissions from the business supply chain (excluding Scope 1+2).
[※3] SBT Initiative
International initiative formed by United Nations global compact between WWF (World Wildlife Fund), CDP (former Carbon Disclosure Project), and WRI (World Resources Institute). The aim of the SBT Initiative is to set scientifically well-grounded standards for businesses to hold the average increase in global temperature due to climate change to 2°C or less compared to temperatures before the Industrial Revolution.

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