Investor Presentaiton
2023 Guidelines Updates - Board Accountability for Climate-related Issues
5. Board Accountability for Climate-related Issues
[GL Policy]
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If a company subject to Climate Action 100+ does not disclose in line with the
recommendations of the Task Force on Climate-related Financial Disclosures ("TCFD"), or if
we determine that the disclosure is materially inadequate, we will recommend against the
appointment of directors who we believe are responsible.
This is the new policy that Glass Lewis has introduced globally for 2023. As of April 2023,
there are ten Japanese companies identified by Climate Action 100+.
The number of companies subject to this new policy may be expanded in the future. As
stated in the Corporate Governance Code, we would like to ask companies to improve the
quality and quantity of their disclosures based on the TCFD or equivalent framework.
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