Yokohama Rubber Co (YRC), a Japanese tyre firm, has stated its support for the Task Force on Climate-related Financial Disclosures’ proposals (TCFD). The Financial Stability Board (FSB) established the TCFD in 2015 in response to a request from the G20 to look into climate-related information disclosure and actions that financial institutions should take. The TCFD recommends that businesses and other organisations assess and disclose the financial implications of climate change risks and opportunities. As a supporter of the TCFD guidelines, the YRC group will share information about its climate change activities.
Yokohama Transformation 2023 (YX2023), YRC’s medium-term management strategy for fiscal years 2021–2023, involves adopting ESG (Environmental, Social, and Governance) activities based on the concept of “Caring for the Future.” Carbon neutrality, a circular economy, and coexistence with nature are the three main goals of these efforts, according to YRC, adding that it will step up its commitment to fulfil these objectives as well as its obligation to contribute to the creation of a sustainable society.