Information Disclosure Based on TNFD Recommendations: Risk and Impact Management
The information disclosed on the website is a digest. For details, please refer to the TNFD Report (PDF format, 1.45 MB).
Risk Management Process
The Hitachi High-Tech Group adopts the LEAP approach recommended by the TNFD to disclose information in accordance with version 1.0 of the TNFD framework. We evaluate dependence on and impact on natural capital throughout the value chain (direct operations and upstream) and assess business risks and opportunities in accordance with the following steps. Target items and response plans were developed for natural capital with high dependence and impact, and business risks and opportunities of high significance identified through this process.
As part of the management process, the Environmental Committee conducts periodic evaluations and discusses and deliberates on strategies and response plans for target items. The contents of deliberations by the Environmental Committee are reported to the Sustainability Promotion Committee. The Sustainability Promotion Committee discusses important matters and integrates them into the company-wide sustainability strategy and measures.
Risk Management System
Incidents affecting business operations and nature-related risks impacting business operations are classified by the Environmental Committee based on risk assessments into priority issues and ongoing monitoring, and measures are promoted to address them. Topics with a certain impact on our business or be taken up as internal control issues are resolved by the Environmental Committee and reported to the Internal Control Management Committee.
For compliance with laws and management of operational risks, we have established the “Risk Management Regulations,” creating a system where each responsible department appropriately identifies and manages these risks. The Internal Control Management Committee is chaired by the CRO and oversees operational risks by reporting on the activities of four subcommittees (J-SOX Committee, Compliance Committee, Information Security Committee, and Environmental Committee) and the results of actions taken by each responsible department.