Natural Capital for the Future
Information Disclosure in Accordance with the TCFD and TNFD Recommendations
Basic approach
The concept of embracing nature-positive to halt and reverse biodiversity loss is gaining momentum around the world.
In Japan, the Transition Strategies toward Nature Positive Economy was jointly announced in March 2024 by four ministries—the Ministry of the Environment, the Ministry of Agriculture, Forestry and Fisheries, the Ministry of Economy, Trade and Industry, and the Ministry of Land, Infrastructure, Transport and Tourism—in order to create a system that allows funds to flow to companies that are active in biodiversity conservation.
To achieve a nature-positive economy, the strategy emphasizes the importance of private companies promoting and disclosing their nature conservation initiatives, thereby gaining recognition for their efforts from consumers and the market, and ultimately transforming society into one that embraces such initiatives.
The activities of all businesses, including those of the Calbee Group, depend to some extent on the ecosystem services provided by natural capital. At the same time, these activities also have an impact on nature.
For this reason, loss of biodiversity poses a material risk that could directly lead to a situation where companies can no longer continue with their businesses.
To prevent the loss of biodiversity and facilitate recovery, it is essential that we implement measures addressing climate change, sustainable production, and consumption reduction, as well as the conservation and recovery of ecosystems.
Against this background, the Calbee Group made an integrated disclosure regarding its dependencies and impacts on natural capital as well as related risks and opportunities based on the framework of the Taskforce on Nature-related Financial Disclosures (TNFD), in addition to that of the Task Force on Climate-related Financial Disclosures (TCFD), on which it had been carrying out information disclosure.
Going forward, the Group will continue to pursue the realization of a sustainable global environment by identifying and addressing changes in the social environment effectively.
Connection with 14 TNFD disclosure recommendations
| Items | Subitems | Corresponding parts in this disclosure |
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| Governance | A. Describe the board’s oversight of nature-related dependencies, impacts, risks, and opportunities. |
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| B. Describe management’s role in assessing and managing nature-related dependencies, impacts, risks, and opportunities. |
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| C. Describe the organisation’s human rights policies and engagement activities, and oversight by the board and management, with respect to Indigenous Peoples, Local Communities, affected and other stakeholders, in the organisation’s assessment of, and response to, nature-related dependencies, impacts, risks, and opportunities. |
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| Strategy | A. Describe the nature-related dependencies, impacts, risks, and opportunities the organisation has identified over the short, medium, and long term. |
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| B. Describe the effect nature-related dependencies, impacts, risks, and opportunities have had on the organisation’s business model, value chain, strategy, and financial planning, as well as any transition plans or analysis in place. |
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| C. Describe the resilience of the organisation’s strategy to nature-related risks and opportunities, taking into consideration different scenarios. |
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| D. Disclose the locations of assets and/or activities in the organisation’s direct operations and, where possible, upstream and downstream value chain(s) that meet the criteria for priority locations. |
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| Risk and impact management | A. (i) Describe the organisation’s processes for identifying, assessing, and prioritising nature-related dependencies, impacts, risks, and opportunities in its direct operations. | (We plan to consider our response in the future) |
| A. (ii) Describe the organisation’s processes for identifying, assessing, and prioritising nature-related dependencies, impacts, risks, and opportunities in its upstream and downstream value chain(s). | (We plan to consider our response in the future) | |
| B. Describe the organisation’s processes for managing nature-related dependencies, impacts, risks, and opportunities. |
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| C. Describe how processes for identifying, assessing, prioritising, and monitoring nature-related risks are integrated into and inform the organisation’s overall risk management processes. |
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| Metrics and targets | A. Disclose the metrics used by the organisation to assess and manage material nature-related risks and opportunities in line with its strategy and risk management process. |
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| B. Disclose the metrics used by the organisation to assess and manage dependencies and impacts on nature. |
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| C. Describe the targets and goals used by the organisation to manage nature-related dependencies, impacts, risks, and opportunities, and its performance against these. |
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Connection with 11 TCFD disclosure recommendations
| Items | Subitems | Corresponding parts in this disclosure |
|---|---|---|
| Governance | A. Describe the board’s oversight of climate-related risks and opportunities. |
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| B. Describe management's role in assessing and managing climate-related risks and opportunities. |
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| Strategy | A. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term. |
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| B. Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. |
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| C. Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. |
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| Risk and impact management | A. Describe the organization’s processes for identifying and assessing climate-related risks. |
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| B. Describe the organization’s processes for managing climate-related risks. |
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| C. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management. |
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| Metrics and targets | A. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. |
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| B. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks. |
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| C. Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
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