erex Co., Ltd. Expresses its Support for the Recommendations of TCFD (Task Force on Climate-Related Financial Disclosures)

April 5th, 2023

erex Co., Ltd. (hereinafter referred to as “the Company”) is pleased to announce that it has expressed its support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)*.

Under the vision for 2030, which is “To become a pioneer in the new era of electric power with renewable energy at its core, for the realization of a sustainable society”, the Company aims to achieve significant growth centered on renewable energy by pursuing economic rationality and at the same time by engaging in an integrated electric power business based on biomass power generation, from fuel business to power generation business, trading business, which is becoming more important with the de-regulation, and power retail business.

In recent years, climate change has become a global issue, and the Company believes that it is the corporate responsibility to address this issue. As a member of humankind, society, and the Earth, the Company considers the realization of “sustainable management” to be an important management issue, recognizes the risks associated with climate change and manages these risks appropriately, while at the same time viewing them as business opportunities and working toward a future where affluence and the environment co-exist.

With the announcement of its support this time, the Company will reaffirm the impact of its business activities on the environment and will enhance its information disclosure. In addition, the Sustainability Committee, which was newly established in August 2022, will take the lead in proactively implementing “initiatives toward a de-carbonized society” and will work together with stakeholders to realize a sustainable society.

*Task Force on Climate-related Financial Disclosures (TCFD)

It was established in December 2015 by the Financial Stability Board (FSB) at the request of the G20. It issued recommendations in June 2017 recommending that the financial impact of risks and opportunities from climate change on management be assessed and disclosed in terms of “governance”, “strategy”, “risk management”, and “indicators and targets”. (TCFD website: https://www.fsb-tcfd.org/)