Latest news with #TNFD
Yahoo
02-06-2025
- Business
- Yahoo
Mitsubishi Electric Joins G7 Alliance on Nature Positive Economies
Will accelerate efforts to realize nature-positive TOKYO, June 02, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has joined the G7 Alliance on Nature Positive Economies (G7ANPE) to promote investment in nature and nature-positive economies through knowledge sharing and the creation of information networks. The G7ANPE, which was established at the G7 Sapporo meeting in April 2023, is an international alliance that requires its member businesses, economic organizations, NPOs and NGOs to conduct activities that take connections between biodiversity and the economy into consideration, or to have the intention to do so. Mitsubishi Electric group has made sustainability a cornerstone of its business. The company promotes comprehensive strategic initiatives beyond the boundaries of its existing businesses and organizations in order to achieve "Trade-On (mutual benefits)" that balance company growth and the enrichment of society and the environment. In addition to pursuing carbon neutrality and supporting circular economies, Mitsubishi Electric is particularly striving to be a frontrunner in the realization of nature-positive while also creating new businesses and strengthening its business foundation. In September 2024, Mitsubishi Electric group committed to disclose nature-related issues to investors and other stakeholders based on the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) and registered as a TNFD Adopter. The TNFD is an international initiative that provides a framework for companies and financial institutions to appropriately assess and disclose their dependency and impact on and risks to natural capital and biodiversity, as well as related business opportunities. For the full text, please visit: View source version on Contacts Customer Inquiries GIST Project TeamSustainability Business Development DivisionSustainability Innovation GroupMitsubishi Electric Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
02-06-2025
- Business
- Associated Press
Mitsubishi Electric Joins G7 Alliance on Nature Positive Economies
TOKYO--(BUSINESS WIRE)--Jun 1, 2025-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has joined the G7 Alliance on Nature Positive Economies (G7ANPE) to promote investment in nature and nature-positive economies through knowledge sharing and the creation of information networks. The G7ANPE, which was established at the G7 Sapporo meeting in April 2023, is an international alliance that requires its member businesses, economic organizations, NPOs and NGOs to conduct activities that take connections between biodiversity and the economy into consideration, or to have the intention to do so. Mitsubishi Electric group has made sustainability a cornerstone of its business. The company promotes comprehensive strategic initiatives beyond the boundaries of its existing businesses and organizations in order to achieve 'Trade-On (mutual benefits)' that balance company growth and the enrichment of society and the environment. In addition to pursuing carbon neutrality and supporting circular economies, Mitsubishi Electric is particularly striving to be a frontrunner in the realization of nature-positive while also creating new businesses and strengthening its business foundation. In September 2024, Mitsubishi Electric group committed to disclose nature-related issues to investors and other stakeholders based on the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) and registered as a TNFD Adopter. The TNFD is an international initiative that provides a framework for companies and financial institutions to appropriately assess and disclose their dependency and impact on and risks to natural capital and biodiversity, as well as related business opportunities. For the full text, please visit: View source version on CONTACT: Customer Inquiries GIST Project Team Sustainability Business Development Division Sustainability Innovation Group Mitsubishi Electric Corporation [email protected] Inquiries Takeyoshi Komatsu Public Relations Division Mitsubishi Electric Corporation Tel: +81-3-3218-2332 [email protected] KEYWORD: JAPAN ASIA PACIFIC INDUSTRY KEYWORD: NETWORKS PROFESSIONAL SERVICES HARDWARE ENVIRONMENTAL ISSUES RECYCLING SUSTAINABILITY CONSUMER ELECTRONICS TECHNOLOGY SOCIALLY RESPONSIBLE INVESTING OTHER MANUFACTURING ENVIRONMENT CLIMATE CHANGE MANUFACTURING SOURCE: Mitsubishi Electric Corporation Copyright Business Wire 2025. PUB: 06/01/2025 11:00 PM/DISC: 06/01/2025 11:01 PM
Business Wire
02-06-2025
- Business
- Business Wire
Mitsubishi Electric Joins G7 Alliance on Nature Positive Economies
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has joined the G7 Alliance on Nature Positive Economies (G7ANPE) to promote investment in nature and nature-positive economies through knowledge sharing and the creation of information networks. The G7ANPE, which was established at the G7 Sapporo meeting in April 2023, is an international alliance that requires its member businesses, economic organizations, NPOs and NGOs to conduct activities that take connections between biodiversity and the economy into consideration, or to have the intention to do so. Mitsubishi Electric group has made sustainability a cornerstone of its business. The company promotes comprehensive strategic initiatives beyond the boundaries of its existing businesses and organizations in order to achieve 'Trade-On (mutual benefits)' that balance company growth and the enrichment of society and the environment. In addition to pursuing carbon neutrality and supporting circular economies, Mitsubishi Electric is particularly striving to be a frontrunner in the realization of nature-positive while also creating new businesses and strengthening its business foundation. In September 2024, Mitsubishi Electric group committed to disclose nature-related issues to investors and other stakeholders based on the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) and registered as a TNFD Adopter. The TNFD is an international initiative that provides a framework for companies and financial institutions to appropriately assess and disclose their dependency and impact on and risks to natural capital and biodiversity, as well as related business opportunities.
Business Wire
20-05-2025
- Business
- Business Wire
Domini Shareholder Proposal on Biodiversity Set to Go to Vote at Home Depot
NEW YORK--(BUSINESS WIRE)--Domini Impact Investments LLC, an SEC-registered asset manager with an exclusive focus on sustainable and impact investing, filed a shareholder proposal, along with two co-filers including Green Century Capital Management, Inc., calling on The Home Depot, Inc. to take steps to measure, manage, and report on its biodiversity impacts and dependencies. The proposal requests that Home Depot 'conduct and disclose a biodiversity impact and dependency assessment, including the full value chain and use of sold products, to inform its strategy to manage nature-related risks, impacts, opportunities, and dependencies.' Domini filed a similar proposal with Home Depot last year, which received 16.1% support at its 2024 Annual General Meeting (AGM). This year's proposal will be voted on by Home Depot shareholders at its 2025 AGM, which will be held on Thursday, May 22. The proposal will be presented at the AGM by Suzanne Simard, a Professor of Forest Ecology at the University of British Columbia and the author of Finding the Mother Tree: Discovering the Wisdom of the Forest. In her remarks, Simard speaks of the important role of forests in climate mitigation and Indigenous communities, and how industrial logging is harming the health of forests. Domini's Director of Engagement, Mary Beth Gallagher, commented, 'While Home Depot has a Forestry and Wood Purchasing Policy, Sustainable Forestry Report, and programs to help consumers make more sustainable purchasing choices, it has not fully mapped how its business—whether through its wood products that harm forest ecosystems, gardening department sales of fertilizers and invasive plants, or sale of products containing forever chemicals—both depend on and harm nature. An assessment like the one we are requesting, which is science-based and location-specific, can help Home Depot develop a meaningful and impactful biodiversity strategy to ensure resilience of its sourcing activities and operations.' Domini is part of the Launching Investor Group and Steering Group for Nature Action 100, a global investor initiative supporting greater corporate ambition and action to reduce nature and biodiversity loss through coordinated, science-based engagements. A recent report from Nature Action 100, a widely supported investor initiative, found Home Depot has not met benchmark expectations in any of the six assessment areas. Meanwhile, over 300 companies are using the Taskforce on Nature-related Financial Disclosures (TNFD) framework to assess their nature-related dependencies, impacts, risks, and opportunities, providing the foundation for the development of informed biodiversity strategies. By conducting a biodiversity assessment of upstream and downstream risks, impacts, dependencies, and opportunities in accordance with the TNFD framework, Home Depot will be able to more effectively manage its exposure to systemic biodiversity and nature-related risks, improve the nature impacts of its products, and potentially capture new opportunities. Domini urges Home Depot shareholders to vote 'FOR' the proposal (item 5 on the proxy card). About Domini Impact Investments LLC Domini Impact Investments LLC is a women-led SEC registered investment adviser that harnesses the power of finance to help create a better world. With an exclusive focus on impact investing, we aim to help drive positive outcomes for our planet and its people while seeking competitive financial returns. Our continuous innovation and caring, diverse community fuel tomorrow's prosperity as we endeavor to make 'investing for good' the way all investing is done. Before investing, consider the Domini Funds' investment objectives, risks, charges and expenses. Contact us at 1.800.582.6757 for a prospectus containing this and other important information. Read it carefully. An investment in the Domini Funds is not a bank deposit, is not insured, and is subject to risks, including possible loss of principal. The market value of Fund investments will fluctuate. An investment in the Domini Impact Equity Fund is subject to certain risks, including impact investing, portfolio management, information, market, mid- to large-cap companies, and small-cap companies risks. As of 3/31/25, The Home Depot, Inc. represented 1.20% of the Domini Impact Equity Fund's portfolio. The composition of each Fund's portfolio is subject to change. Green Century Capital Management, Inc., Fiduciary Trust International, and Suzanne Simard are not affiliated in any way with Domini Impact Investments LLC (Domini). The Funds are subadvised by unaffiliated entities. Nothing herein is to be considered a recommendation concerning the merits of any noted company, or an offer of sale or solicitation of an offer to buy shares of any Fund or company referenced herein. Such offering is only made by prospectus, which includes details as to the offering price and other material information. The Domini Funds are only offered for sale in the United States. DSIL Investment Services LLC, Distributor, Member FINRA. Domini Impact Investments LLC is the Funds' Adviser. The Funds are subadvised by unaffiliated entities. 5/25
Yahoo
11-04-2025
- Business
- Yahoo
IFRS Foundation and TNFD MOU on nature-related disclosures
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have formalised a collaboration through a memorandum of understanding (MOU). Under the agreement, the parties aim to integrate TNFD recommendations into the International Sustainability Standards Board's (ISSB) ongoing work, aiming to provide capital markets with nature-related financial disclosures. The ISSB has collaborated with the TNFD as a knowledge partner since the taskforce was established in late 2021. Its contributions, including the SASB sector classification system, earlier biodiversity guidance developed by the CDSB, and the IFRS S1 standard on general sustainability disclosure requirements, played a key role in shaping the TNFD's recommendations released in September 2023. IFRS Foundation trustees chair Erkki Liikanen said: 'We are delighted to be formalising our partnership with TNFD to ensure that the ISSB gives due consideration to the work TNFD have put into creating recommendations for nature-related financial disclosures. 'Transparency and accountability are a key means of enabling more stable, resilient and efficient capital markets, and this collaboration will advance the ISSB's ongoing work to reduce the complexity of the sustainability disclosure landscape, while building on established expertise and practice.' TNFD co-chair David Craig said: 'Like the TCFD before us, the TNFD was initiated ahead of specific reporting standards to develop market-based recommendations for decision-useful and practical corporate reporting practices on nature-related aspects beyond GHG emissions. 'Having engaged thousands of market participants in the development of our recommendations over the past four years from across 50 jurisdictions and with first-generation TNFD reports now published from among the 500 TNFD Adopters, we welcome this deepened collaboration with the ISSB to inform their evolving sustainability reporting standards. 'One of the objectives of the TNFD is to help achieve Target 15 of the Kunming-Montreal Global Biodiversity Framework and we believe that better disclosures about nature issues, which will result from our collaboration with the ISSB, will support the achievement of that goal.' In 2024, the TNFD began supporting the ISSB's Biodiversity, Ecosystems and Ecosystem Services (BEES) research project. By February 2025, TNFD presented an overview of its work to ISSB members, paving the way for further collaboration based on shared understanding. Under the MoU, both organisations will exchange research, knowledge, and technical expertise to inform the ISSB's BEES initiative and nature-related aspects of SASB standards. They will also explore joint market engagement and capacity-building initiatives with other key partners. The ISSB focuses on addressing investors' information needs regarding companies' sustainability-related risks and opportunities, specifically targeting primary users as defined in ISSB Standards. Any nature-related disclosures resulting from ISSB's research will undergo the IFRS Foundation's due process, including public consultation. Alongside its collaboration with the ISSB, the TNFD continues its global market engagement and capacity-building efforts on nature-related issues. This includes developing and pilot testing additional guidance for preparers and advancing data-related issues to improve market access to high-quality nature-related data. "IFRS Foundation and TNFD MOU on nature-related disclosures " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
