Environmental and Social Management Policy for Financing and Investment Activity
Tokyo Century Group Environmental and Social Management Policy for Financing and Investment Activity
1. Purpose
The Tokyo Century Group (the “Group”) strives to exercise its Management Philosophy of contributing to the creation of an environmentally sound, sustainable economy and society and seeks to continuously improve its corporate value by resolving social issues. To pursue these initiatives, we established this Tokyo Century Group Environmental and Social Management Policy for Financing and Investment Activity. This policy states restrictions on financing and investment in businesses that have significant adverse impacts on the environment and society, based on the Group’s Basic Environmental Policy and Human Rights Policy.
We consider adverse impacts on the environment and society generated from the Group’s business activity as risks and recognize them as important management issues to address sincerely going forward. With due consideration of various stakeholders’ perspectives, this policy was established by a resolution of the Board of Directors of Tokyo Century Corporation (the “Company”).
2. Scope of Application
This policy applies to the Company and Group companies.
3. Businesses Prohibited from Financing and Investment
The Group will prohibit financing and investment in the following types of businesses because they are deemed to entail significant risks or adverse impacts on the environment and society.
- Businesses that go against public order and morals
- Businesses linked to antisocial forces
- Businesses that are causing serious human rights violations, including forced labor, child labor, and human trafficking
- Businesses involved in the manufacture of weapons against humanity, including chemical weapons, biochemical weapons, nuclear weapons, and cluster munitions
4. Businesses to Be Considered for Financing and Investment
Businesses relevant to the following are more likely to involve significant risks or adverse impacts on the environment and society. Thus, when considering financing or investment in such businesses, the Group is required to deliberate on mitigating and avoiding risk and make a careful decision.
- Coal-fired power generation
The Group will not engage in financing or investment to establish new coal-fired power generation plants or expand existing ones. However, the Group will implement initiatives that facilitate the transition to a decarbonized society, such as the development of clean and efficient next-generation technologies.
5. Education and Training
The Group will continue to provide its officers and employees with educational opportunities to ensure their understanding of this policy and risks pertaining to the environment and society, as well as keep them informed on compliance with relevant rules and procedures.
6. Dialogues with Stakeholders
The Group practices and advances engagement activities with various stakeholders. Based on the input gained from engagement with stakeholders, we will endeavor to improve the effectiveness with regard to the appropriate practical use of this policy, countermeasures to the environment and social issues, the enhancement of risk management, and other initiatives.
