Kioxia Endorses Recommendations of Task Force on Climate-Related Financial Disclosures

July 5, 2021
Kioxia Holdings Corporation

Tokyo, July 5, 2021 – Kioxia Holdings Corporation, a world leader in memory solutions, is pleased to announce its endorsement of the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), an industry-led body established by the Financial Stability Board.

 

The TCFD recommendations include disclosing governance around climate-related risks, opportunities and their impact on the business, as well as disclosing the processes for identifying, assessing and managing climate-related risks and the specific metrics and targets used to do so. Going forward, Kioxia will continue to analyze climate-related risks and opportunities based on these four thematic areas—governance, strategy, risk management, metrics and targets—and ensure active information disclosure in accordance with the TCFD recommendations.

 

Guided by its mission of uplifting the world with memory, Kioxia is committed to contributing to the resolution of a variety of social issues with cutting-edge products, such as flash memory and SSDs to bring the value of “memory” to people across the world. As part of its social responsibility initiatives, Kioxia is furthering efforts to reduce greenhouse gas emissions, promote fair business activities and meet human rights, labor, safety, environmental and legal requirements, including those of our suppliers.

About TCFD

TCFD

On December 4, 2015, the Financial Stability Board (FSB) established the industry-led Task Force on Climate-related Financial Disclosures (TCFD) with Michael R. Bloomberg as Chair. The Task Force currently has four Vice Chairs and 31 members in total. The TCFD was asked to develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders, which were published in the TCFD Recommendations Report on June 29, 2017.

 

Please refer to the TCFD website below for more information
www.fsb-tcfd.org