The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), an international body participated by central banks and financial supervisory agencies of major countries, issued a recommendations report stating to “support companies that disclose information on risks and opportunities relating to climate change” in June 2017. In June 2020, the Z Holdings Group declared that it supports the recommendations, and officially joined the supporters. Referring to these recommendations, the Z Holdings Group also undertook the analysis of possible scenarios and summarized the risks and opportunities identified. Moving on, we will continue to make disclosures on governance, strategies, risk management, and indices and targets relevant to climate-related risks and opportunities.

Having predicted how the world might change if global warming accelerates as well as what legislations and rules may be enforced in response to such changes, Yahoo! JAPAN’s division in charge of promoting CSR identified potential risks and opportunities for the Z Holdings Group’s business with the aim to grasp and disclose risks related to climate change. The risks and opportunities identified were shared for feedback across the company through Yahoo! JAPAN’s risk management division and were reflected in the formulation of strategies of each division after the divisions considered the specific risks and opportunities according to the characteristics of their business and services. Along with this, relevant sections in the Z Holdings Group including Yahoo! JAPAN conducted risk analysis associated with climate change and defined climate change as a risk to be prioritized within the group. Moving forward, we will continue to implement necessary measures.

We used RCP 2.6 (Low Stabilization Scenario) and IEA 450 as a scenario where the rise in the temperature is within 2°C, and used RCP 4.5 (Intermediate Stabilization Scenario), RCP 6.0 (High Stabilization Scenario), and IEA NPS as a scenario where the rise in the temperature exceeds 2°C.

The Z Holdings Group discloses information on the group’s environmental impact to CDP, an international NGO that runs a global information disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

SBTi is a joint initiative of CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that calls for companies to set science-based targets (SBTs).

In April 2021, Yahoo! JAPAN declared its commitment to setting SBTs, the greenhouse gas emission reduction targets aligned with the Paris Agreement targets.

ASKUL declared “2030 CO2 Zero Challenge,” and its greenhouse gas emission reduction targets were certified by SBTi in August 2018.

RE100 is a global initiative that aims to procure 100% of the electricity consumed in its business activities from renewable energy sources.
In January 2021, Yahoo! JAPAN declared its commitment to achieving the shift to 100% renewable energy by the end of fiscal year 2023. As part of this, the Z Holdings Group also aims to join RE100 at the earliest possible stage. The Z Holdings Group plans to announce the group's medium- to long-term goals for achieving 100% renewable energy usage by the end of fiscal 2021.
ASKUL joined RE100 in December 2017 and has declared the following two targets to be achieved.
- Medium-term target: Complete a shift to 100% renewable energy at its headquarters and logistics centers by 2025
- Target: Complete a shift to 100% renewable energy across its group including subsidiaries by 2030

The Japan Climate Initiative (JCI) is a network bringing together organizations such as companies, local governments, and NGOs that agree to the declaration “Joining the front line of global push for decarbonization from Japan” and actively pursue climate action. It aims to strengthen dissemination of information and exchange of opinions on the climate change agenda.
The Z Holdings Group has been a member since December 2020.

With regard to the Tokyo Cap-and-Trade Program (scheme for mandatory reduction in overall emissions and trading of emissions) of the Tokyo Metropolitan Government that imposes mandatory reduction of CO2 emissions on large-scale facilities, Yahoo! JAPAN achieved a reduction of 14,565t-CO2 in excess of its reduction target for the 1st period (FY2010-2014) at two of its data centers in Tokyo. The carbon credits from the extra amount reduced were presented to the Tokyo Metropolitan Government as part of our cooperation with the “Zero Emission Tokyo” initiative undertaken by the Metropolitan Government. For the 2nd period (FY 2015-2019), Yahoo! JAPAN achieved a reduction of 26,654 t-CO2 in excess of its reduction target, by pursuing measures such as reducing the use of less energy-efficient data centers and switching to more efficient data centers. In addition, Tokyo Garden Terrace Kioicho (Akasaka, Chiyoda Ward), where Yahoo! JAPAN’s head office is located, has been certified by the Tokyo Metropolitan Government’s Bureau of Environment as a Top-Level Facility (specified business facilities implementing excellent global warming counter measures), a rating given to facilities that have established an outstanding system for implementing measures against global warming.