February 06, 2025
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that, for the third consecutive year, its climate-related disclosure earns high marks from fund management institutions to which the Government Pension Investment Fund (GPIF) entrusts the management of domestic stocks. In this year's ratings, MOL placed second best in the country.
For this evaluation, the GPIF asked investment management institutions to select up to five firms for "excellent TCFD (Note) disclosure," and five firms, including MOL, received high evaluations from four or more institutions.
MOL was one of the first Japanese companies to endorse its recommendations in 2018, in the early days of the TCFD, and since it became the first domestic shipping company to use the TCFD framework for disclosure, it has been revising the framework every year to enhance disclosure.
MOL will continue to proactively disclose information so that its stakeholders can deepen their understanding of the group's initiatives on decarbonization.
Following are comments from the investment institutions that participated this year's program.
(Note) TCFD stands for Task force on Climate-related Financial Disclosures. It was established in 2015 by the Financial Stability Board, an international organization that aims to stabilize the financial system and recommends specific disclosure of each company's climate change initiatives.
MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Environment -Conservation for Marine and global environment-."