LIXIL Corporation, maker of pioneering water and housing products, has issued its updated disclosure report based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Task Force on Nature-related Financial Disclosures (TNFD), which was first issued in June 2024.
Based on the TNFD’s LEAP (Locate, Evaluate, Assess, Prepare) approach, LIXIL identified the value chains and raw materials used for each business segment as part of its evaluation, analysis, and disclosure. In particular, for the key raw materials used in our Water Technology and Housing Technology businesses, it expanded analysis from last year’s focus on aluminum and wood to also include copper and ceramics. Over 90% of the raw materials listed in the Science Based Targets Network (SBTN)'s “High Impact Commodity List (HICL)” were covered in this assessment to identify raw materials with significant impacts on nature. Furthermore, a comparative analysis of the dependencies and impact of metal raw materials on natural capital was conducted to verify the impact of using recycled raw materials.
The report also outlines specific responses to each identified risk and opportunity, structured using the AR3T (Avoid, Reduce, Restore & Regenerate, and Transform) framework recommended by SBTN.
Further information and the full disclosure can be found here.
● LIXIL’s Environmental Strategy
LIXIL has set forth its “LIXIL Environmental Vision 2050” declaring “Zero Carbon and Circular Living” which aims to achieve net-zero CO₂ emissions from its operations, products, and services by 2050. The company declared its support for the TCFD in 2019, and, as of 2024, in support of the TNFD recommendations and guidance, LIXIL also registered as a “TNFD Early Adopter¹”, signifying its commitment to begin implementing the recommendations.
To accelerate its environmental efforts and advance this vision, LIXIL is embedding its environmental strategy into business as a key strategic initiative within the “LIXIL Playbook” which outlines its medium- to long-term management direction. This initiative underscores LIXIL’s dedication to maximizing positive impact on both society and the environment, while ensuring its own sustainable growth.
1. Registered in December 2023
