Teijin Limited announced that it has introduced an internal carbon pricing (ICP) system for capital investment plans throughout the group. The ICP mechanism creates economic incentives to reduce CO2 emissions by quantifying CO2 emissions as costs that the company can consider when making investment decisions, ultimately to help address the problem of climate change. Teijin will apply its ICP system to all future capital investment plans that are expected to impact the group’s CO2 emissions.
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Kuraray Determines Fiscal 2021 Group Risk Management Policy and Announces Results of Fiscal 2020 Safety Inspections at Overseas Plants
In line with its Group Risk Management Rules, Kuraray has been pushing ahead with the implementation of risk aversion and mitigation measures. Specifically, each business unit at home and abroad carries out a risk self-assessment, while the Risk and Compliance Committee deliberates on the results of such self-assessments and formulates proposals regarding risks requiring particular managerial attention. The Company’s President, in turn, examines these proposals and determines management risks to be reported to the Board of Directors. Moreover, Kuraray appoints officers responsible for the supervision of countermeasures put in place for each management risk identified.
Continue readingTeijin Introduces Internal Carbon Pricing System
Teijin Limited announced today that it has introduced an internal carbon pricing (ICP) system for capital investment plans throughout the group. The ICP mechanism creates economic incentives to reduce CO2 emissions by quantifying CO2 emissions as costs that the company can consider when making investment decisions, ultimately to help address the problem of climate change.Teijin will apply its ICP system to all future capital investment plans that are expected to impact the group’s CO2 emissions.
Continue reading