Climate Change

Initiatives by stakeholders in various fields to implement
the Paris Agreement: Initiatives by civil societies

July 9, 2018

Initiatives by stakeholders in various fields to implement the Paris Agreement

The involvement of various non-state stakeholders including such as private sector, local governments, NGOs, and civil society is essential as stated in the Paris Agreement and the COP decisions. In order to achieve 2°C target and other targets in the Paris Agreement, it is important to cooperate with these stakeholders and strive as one to tackle climate change.
Under this principle, each stakeholder in Japan has actively set up specific targets and launched initiatives to address climate change. A part of these initiatives are introduced in the following. The Japanese government will further cooperate with stakeholders in various fields in steadily implementing the Paris Agreement.

Association of Japan’s leading non-state actors in climate change measures

(Image1) Japan-CLP Logo

Japan-CLP is a business coalition in Japan and was set up to urge the industrial community to develop a self-disciplined sense of urgency on the issue of climate change and to initiate a more proactive response to realize sustainable carbon-free society. The member companies take the transition to a sustainable carbon-free society as a business opportunity and a chance for further development. They have discussed with policy makers, businesses and citizens, aiming to initiate a variety of activities with a focus on Japan and Asia. For example, Japan-CLP convenes high-level meetings, in which senior members of companies and public administration review business management methods to cut their company’s emission significantly. Furthermore, Japan-CLP actively makes proposals to ministers on the occasion of important decision-making conferences such as COP. There are currently over 40 companies including AEON, SEKISUI HOUSE, FUJITSU, LIXIL and RICOH.

Japan Climate Initiative (JCI)

Network of non-state actors including companies, local governments and NGOs which aims to realize a decarbonized society. At its establishment on July 6 2018, 105 members participate in this network. Secretary of JCI consists of CDP Japan, WWF Japan and Renewable Energy Institute.

Specific Targets adopted by companies and other institutions

(Science Based Targets)
(Image2) SBT Logo

Science Based Targets (SBT) is a joint initiative by World Wildlife Fund (WWF), CDP, World Resources Institute (WRI), and United Nations Global Compact to promote for companies to set science-based emission reduction targets to achieve 2°C target in the Paris Agreement. 297 companies world-wide committed to set an ambition emission reduction targets and 65 companies have approved science based targets. 37 Japanese companies have committed and 11 have been approved including Sony, RICOH, and Kirin Holdings.
The Japanese government also supports SBT initiative. Ministry of the Environment is initiating projects to support companies embarking on SBT initiative.

RE100 (Renewable Energy 100%)

RE100 is a global initiative uniting companies that are required to set a goal to supply 100% of their electricity consumption with renewable sources. RE100 is brought by the Climate Group in partnership with CDP. There are 102 companies committed to RE100. In Japan, RICOH committed to RE100.
In addition, universities and local governments can participate in an initiative called Global 100%RE: a network of cities and regions that promises to convert 100% to renewable energy.

To prompt climate-related financial disclosure of companies

(Image3) CDP Logo

CDP, formerly the Carbon Disclosure Project, is a not-for-profit organization which prompts for companies, cities, states and regions to reduce GHGs and protect forests and water security. CDP assists companies to disclose climate-related information and manage their environmental impacts, in collaboration with institutional investors, through asking companies for data on their environmental performance (climate change, water, forest) every year. In addition, More than 500 cities as well as many companies disclose climate-related data. They make proposals to governments of G20 in collaboration with Investment Leaders Group and other institutions.

(Task Force on Climate-related Financial Disclosures)

TCFD was established by Financial Stability Board (FSB) in 2015 to develop a framework for voluntary and consistent climate-related financial disclosures to grasp risks related to climate change to investors, lenders and other stakeholders. This initiative is the first global initiative to address climate change in terms of financial stability.

Recommendation on Task Force on climate-related Financial Disclosures

TCFD published Recommendations of the Task Force on Climate-related Financial Disclosure on June 2017. This recommendation was reported at G20 summit in Germany and sited in G20 Hamburg Action Plan. The recommendation points that financial resources from public and private sectors should be utilized to achieve the targets of Paris Agreement. More than 100 firms have supported this recommendation.