Mitsui O.S.K. Lines Co., Ltd.
Selected as “Excellent TCFD Disclosure” by GPIF domestic stock management institution
～Highly evaluated by 4 institutions～
……
Mitsui O.S.K. Lines, Ltd. (President: Tsuyoshi Hashimoto,
Headquarters: Minato-ku, Tokyo, hereinafter referred to as the “Company”) is an investment institution entrusted with the management of domestic stocks by the Government Pension Investment Fund (GPIF). We received high marks from four organizations in the “TCFD (Task Force on Climate-related Financial Disclosures) Disclosure’ (Excellent TCFD) Disclosure (Note) category.
In this evaluation, GPIF requests the investment institutions entrusted with the management of domestic stocks to select up to five companies with “excellent TCFD disclosure.” Five companies, including our company, were selected for “excellent TCFD disclosure” by four or more organizations.
The comments from the investment management institutions that received evaluations are as follows.
Through the analysis of three scenarios: 2.6℃, below 2℃, and 1.5℃, we found that the transition plan set forth in “Environmental Vision 2.2 https://www.mol.co.jp/sustainability/environment/vision/” was achieved in all scenarios. It has been verified that it functions as an appropriate mitigation measure and exhibits sufficient resilience. In addition to detailed risk analysis, we will disclose a transition plan to steadily implement the transition to a low-carbon society. Investment plans for replacing the assets held by the company are also disclosed at the same time, providing a collection of information that will help investors make decisions.
Clarify milestones for each action plan for GHG reduction and incorporate them into management plans as risks and opportunities. In addition, we have introduced ICP, utilized it for investment decisions, and regularly monitored the impact of BS at management meetings, making a comprehensive evaluation.
Future demand forecasts are analyzed based on more realistic scenarios and plans are made accordingly.
Our group was one of the first to endorse the TCFD’s recommendations in 2018, when it was in its infancy, and since we became the first domestic shipping company to begin disclosure using the framework, we have endeavored to enrich our disclosure content through annual revisions. We will continue to actively disclose information so that our stakeholders can deepen their understanding of our group’s decarbonization efforts.
Based on our group corporate philosophy, “We support people’s daily lives from the blue ocean and create a prosperous future,” we deliver new value to all stakeholders by increasing not only economic value but also social value. We aim to be a strong and flexible corporate group that grows globally.
(Note)
Please see below for the “Excellent TCFD Disclosure” selected by GPIF’s domestic stock management institutions.
https://www.gpif.go.jp/esg-stw/202403_excellent_TCFD_disclosure_j.pdf “TCFD” = The Task Force on Climate-related Financial Disclosures. We recommend disclosing items related to climate change-related risks and opportunities.
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