May 24, 2019Environment & CSR

Decision Regarding Endorsement of the Recommendations of “Task Force on Climate-related Financial Disclosures (TCFD)”

AGC (Headquarters: Tokyo; President and CEO: Takuya Shimamura) has decided to endorse the recommendations issued by the “Task Force on Climate-related Financial Disclosures (TCFD)*”, established by the Financial Stability Board (FSB).

The AGC Group recognizes that climate change is one of the most important issues facing society, and as such it is promoting the reduction of greenhouse gasses (GHG) throughout the entire product lifecycle, from procurement to manufacturing, sale, distribution, use, and disposal. In addition to energy-saving measures being proposed in the production process, we are also focusing on supplying products that help reduce GHG emissions during use and products which help prevent and reduce the impacts of climate change.
As we continue to move forward, the AGC Group will accelerate these activities and continue to analyze and respond to the risks and opportunities appearing due to climate change based on the recommendations of TCFD, striving to disclose and improve upon related information.

* The Task Force on Climate-related Financial Disclosures (TCFD) is established by the FSB, an international organization that includes the central banks and financial regulators of major countries, in response to the request from the G20 Finance Ministers and Central Bank Governors. In June 2017, they published recommendations encouraging relevant information regarding the financial consequences of climate-related risks and opportunities be disclosed to investors.

References

■AGC Group initiatives on climate change

(Saving energy in the production process)

Manufacturing process improvements such as Oxygen Combustion Method*
* A method wherein fuel is burned using only oxygen to produce glass. Energy efficiency is increased as it is not necessary to heat the nitrogen in the air, which isn’t required for combustion.
Oxygen Combustion system Oxygen Combustion system
(Products that help reduce GHG emissions during use)

Energy-saving glass for buildings: Low-E double glazing glass
Energy-saving glass with excellent heat insulation and thermal shielding, increasing air conditioning efficiency
Automotive Glass: 99%*1 UV cut glass in all directions*2
Glass that aims to reduce the cooling load by suppressing the infrared rays that cause heat as well as ultraviolet rays

*1 AGC measured value. ISO9050 standard
*2”Cool Verre™” windshield glass, “UV Verre Premium Cool on™” front door glass, and “UV Verre Premium Privashield™” rear window and rear door glass achieves UV and IR cuts from all directions of the vehicle.
Next-generation refrigerants with a low environmental impact: AMOLEATM Series
Next-generation refrigerants for various air conditioners and refrigerating equipment that maintain performance while also having considerably less of an impact on global warming than conventional products.
(Products which help prevent and reduce the impacts of climate change)

Heat shield pavement coat: TOUGH COORETM
Controls increases in road surface temperature by reflecting the sun’s rays and preventing the pavement from absorbing the heat. Helps alleviate the “heat island” phenomenon.
MEDIA INQUIRIES
Kazumi Tamaki, General Manager, Corporate Communications & Investor Relations Division
AGC Inc.
Contact: Momoyo Nakanishi
TEL: +81-3-3218-5603
E-mail: info-pr@agc.com