The Bridgestone Group supports the Task Force on Climate-related Financial Disclosures (TCFD). The Group began participating in the Task Force on Nature-related Financial Disclosures (TNFD) Forum in March 2022.
As the world becomes increasingly concerned about climate change and the loss of natural capital, there is a growing movement towards a decarbonized society, as exemplified by the Paris Agreement. Additionally, efforts to achieve a nature positive* world, as outlined in the Kunming-Montreal Global Biodiversity Framework, are gaining momentum. Within this context, the Group is working to comprehensively assess and manage its dependency and impact on the climate and natural capital, as well as the risks and opportunities associated with climate change and the loss of natural capital, reflecting these in business strategy.
Based on recognition of these risks and opportunities, the Group is working to reduce the risks of transition to a decarbonized society and society of living in harmony with nature by developing a mid-long term strategy and Sustainability Business Model to promote contribution to carbon neutrality, a circular economy and nature positive. This includes reducing greenhouse gas emissions throughout the value chain along with reducing the impact of various environmental footprints on natural capital. At the same time, the Group is working to reduce physical risks by such measures as diversifying natural rubber supply sources through efforts to commercialize guayule, a rubber-producing plant that grows in arid regions.
* Nature positive: The term "nature positive" refers to action for stopping or reversing losses to biodiversity and natural capital with the goal of spurring the recovery of the natural environment. It is used to highlight transitions to social and economic activities aimed at reducing the impact of businesses on biodiversity and natural capital, preserving and restoring natural bounties, and using natural capital in a sustainable manner.