Feed One Co., Ltd.
[Feed One] Disclose information based on TCFD recommendations ～Aiming to decarbonize the entire feed industry, which plays the basis of “food”～
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Feed One Co., Ltd. (Headquarters: Nishi-ku, Yokohama, President and CEO: Hidehiro Shoji) has disclosed information based on the
recommendations of the Task Force on Climate-related Financial Disclosures (hereinafter referred to as “TCFD”) in the form of the “TCFD Report.” This information disclosure is the third time since the first disclosure in June 2022.
Click here for “TCFD Report”
https://pdf.irpocket.com/C2060/Rhyn/Rtk0/eRyt.pdf
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The Feed One Group operates businesses that play a role in the “food value chain,” from the production and sale of compound feed for livestock and fisheries using grains and fishmeal as main ingredients, to the production and sale of livestock and marine products. It is built on the blessings of nature. Therefore, we believe that climate change has a significant impact on Feed One Group’s business and is an important social issue that must be addressed.
Therefore, Feed One Group announced in April 2022 that it supports the TCFD recommendations and will disclose information on climate change. In order to realize the decarbonized society aimed at by the Paris Agreement, we will continue to actively disclose information using the framework based on the TCFD recommendations, and aim to contribute to a sustainable society and achieve sustainable corporate growth. We will continue to work on addressing climate change as one of the themes of our materiality (priority issue), “Promoting harmony between the environment and society through feed.”
Summary of this information disclosure (main updated parts)
■“Strategy”
We updated the reference scenario to the latest data and conducted a new scenario analysis for the business accordingly.
As a result, we recognized new business opportunities due to climate change and recalculated the financial impact based on the latest reference scenario.
-Reference scenario-
1.5℃/less than 2℃ scenario: IEA World Energy Outlook 2023 “NZE” IEA World Energy Outlook 2023 “APS”
4℃ Scenario: IEA World Energy Outlook 2023 “STEPS”
-Financial impact- ~Cost increase due to introduction of carbon tax~ Pattern (i): If our group does not take initiatives to reduce CO2 emissions Pattern (ii): If our group reduces CO2 emissions by 50% in FY2030 (compared to FY2020)
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-Addition of new opportunities-
“Increase in feed sales volume by expanding recirculating land-based aquaculture that is unaffected by rising seawater temperatures” ■“Indicators and targets”
We have added food and farm subsidiaries to the scope of our medium-term goals for fiscal 2030, and have recalculated Scope 1-2 CO2 emissions. Additionally, for Scope 3, new categories were calculated and previously published categories were reviewed.
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-Roadmap-
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What is TCFD (Task Force on Climate-related Financial Disclosures)? It was established in 2015 by the Financial Stability Board (FSB), an international organization that includes the central banks and financial regulators of major countries, at the request of the G20. We recommend assessing the financial impact of risks and opportunities brought about by climate change on corporate management and
appropriately disclosing “governance,” “strategy,” “risk management,” and “indicators and targets.”
TCFD official website (English): https://www.fsb-tcfd.org/
TCFD Consortium official website: https://tcfd-consortium.jp/ The task force was disbanded at the request of the FSB after the publication of the 2023 Situation Report. The role played by this task force will be taken over by the IFRS Foundation, and its affiliated organization, ISSB (International Sustainability Standards Board), is scheduled to develop new disclosure standards for non-financial information, including climate change.
Feed One Co., Ltd. Company Profile
Company name: Feed One Co., Ltd.
Representative: Hidehiro Shoji
Address: 5-1-2 Minato Mirai, Nishi-ku, Yokohama
Yokohama Sympho Stage West Tower 11th floor
Established: October 2014
Capital: 10 billion yen
Business details: Manufacture and sale of compound feed, purchase, sale, production and processing of livestock and marine products, etc. Other businesses incidental to the above (farm management guidance, operation of livestock medical facilities, etc.)
Feed One HP: https://www.feed-one.co.jp/
Sustainability site: https://www.feed-one.co.jp/csr/