Tokyo, JAPAN – WEBWIRE – Wednesday, December 27, 2023
Endorsing to the TNFD*2Recommendation, Suntory Group announced today that it has registered as a TNFD Adopter*1.
After being conceived at the 2019 World Economic Forum Annual Meeting, the TNFD was officially established in June 2021 with a mission to develop and deliver a risk management and disclosure framework for organizations to report and act on evolving nature-related risks, and an ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes. Specifically, requirements include conducting an analysis of risks and opportunities after assessing dependence and impacts on nature-related businesses, and disclose them in terms of Governance, Strategy, Risk and impact management, and Metrics and targets.
*1 Organizations (report preparers) who intend to start making disclosures aligned with the TNFD Recommendations in their corporate reporting. Those who register by January 10th will be announced as TNFD Early Adopters at the World Economic Forum Annual Meeting in Davos, Switzerland. The TNFD will publish a list of TNFD Adopters on its website and track market progress of the adoption of the TNFD Recommendations and use of TNFD additional guidance in Annual Status Reports from 2024 onwards.
*2 Taskforce on Nature-related Financial Disclosures
Suntory Groupparticipated in the TNFD Forumin April 2022, and started pilotdisclosure of its dependence on and impact on nature-related businesses based on TNFD recommendationsthis September. The group will set future targets based on the progress of the SBTN pilot operation, further analyze risks and opportunities, and reflect specific measures in our strategy, aiming to realize a Nature Positive” society consistent with the global standards based on science.
As a corporation sustained by the gifts of nature and water, the group will continue to promote sustainability management in order to preserve biodiversity and to realize a sustainable society. Through all of its corporate pursuits, Suntory Group seeks to inspire the brilliance of life.
Learn more about Suntory Groups environmental activitieshere.
About Suntory Group
As a global leader in the beverage industry, Suntory Group offers a uniquely diverse portfolio of products, from premium spirits, beer, wine, ready-to-drink alcohol beverages, to brewed teas, bottled water, still and carbonated soft drinks, ready-to-drink coffee and energy drinks, along with health and wellness products. Suntory is home to award-winning Japanese whiskiesYamazaki,HibikiandHakushu,as well as iconic American spiritsJim BeamandMakers Mark. Suntory also fascinates the taste buds withThe Premium Maltsbeer, and owns the exceptional Japanese wine,Tomi,and the world-famousChteau Lagrange. Its brand collection includesSauza Tequila, non-alcoholic favoritesOrangina,Lucozade,Ribena,BOSScoffee,Iyemongreen tea,Suntory Tennensuiwater,TEA+ Oolong Tea,VandBRANDS, as well as popular health and wellness productSesamin EX.
Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group has grown into a global company operating throughout the Americas, Europe, Africa, Asia and Oceania, with an annual revenue (excluding excise taxes) of $20.2 billion in 2022. Its 40,885 employees worldwide draw upon the unique blend of Japanese artisanship and global tastes to explore new product categories and markets.
As a corporation sustained by the gifts of nature and water, Suntory Group will always protect the ecosystems that deliver water. Because its ecosystem is the wellspring, not only of its business and the rich experiences the group creates for peoples lives, but also of human life itself. Suntory Group will continue to be a company where everyone is empowered with the freedom and flexibility to innovate. Through all of its corporate pursuits, Suntory seeks to inspire the brilliance of life.
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