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ASICS became First Sporting Goods Company to Support Task Force on Climate-Related Financial Disclosures

Release Date: 12 Jun 2019

KOBE, Japan (June 12, 2019) – ASICS Corporation (Tokyo: 7936; ISIN: JP3118000003), a true sport performance brand, today announced it became the world’s first sporting goods manufacturer to support the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD). ASICS will disclose information of business risks and opportunities related to climate change in the areas of strategy, risk management, and governance, based on TCFD recommendations.

In addition to ASICS’ existing Risk Management Committee, ASICS established a new Sustainability Committee led by ASICS President and COO Yasuhito Hirota to advise the Board of Directors on sustainability risk and opportunities as part of our support to the TCFD.

The Sustainability Committee will work to solve social and environmental issues through business activities. These business activities will, in turn, increase our engagement with customers and partners, increasing ASICS’ brand value and our contribution to a more sustainable world.

ASICS aims to contribute to the world’s sustainable growth by creating a quality lifestyle for people all over the world. ASICS includes social and environmental considerations in all business decisions, and works with business partners that share the same commitment to a sustainable and fair sporting goods industry. ASICS is taking concrete steps toward reducing its environmental impact by setting and taking actions on several CO2 emissions reduction targets toward 2030:

Reduce business facilities’ CO2 emissions by 33%*
Reduce supply chain CO2 emissions by 55% per product*
   *Against 2015 baseline.

About the Task Force on Climate-related Financial Disclosures
The Task Force on Climate-Related Financial Disclosures was established by the Financial Stability Board, an international organization comprised of central banks and financial regulatory authorities from around the world, in order to drive effective and consistent disclosures on the financial impact of risks and opportunities related to climate change. As of June 12th, more than 780 financial institutions, companies, governments, and other bodies around the world have supported the TCFD’ recommendations.

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