KOSÉ releases biodiversity report based on TNFD disclosure framework; Company promotes initiatives for nature-positive society

September 30, 2024 (press release) –

KOSÉ Corporation (Headquarters: Chuo-ku, Tokyo; President: Kazutoshi Kobayashi) has released the KOSÉ Group TNFD Report*2, a summary of the biodiversity-related risks and impacts associated with the KOSÉ Group’s business activities, based on the TNFD disclosure framework. KOSÉ has also established the KOSÉ Group Biodiversity Policy*3, which outlines its actions and future direction to realize a nature-positive society to halt and reverse the loss of biodiversity, and will actively promote biodiversity-conscious business activities.
*1 TNFD: Taskforce on Nature-related Financial Disclosure. Establishes a framework for identifying risks, assessing impacts, and disclosing information related to nature capital and biodiversity.
*2 KOSÉ Group TNFD Report
*3 KOSÉ Group Biodiversity Policy

Background to disclosure based on the TNFD framework
Since its foundation, the KOSÉ Group has benefited much from the natural environment in its business of manufacturing cosmetics. Conserving and restoring biodiversity is a serious management issue for KOSÉ, and it recognizes the need to continue its business activities while protecting the global environment in which we live. To this end, it must analyze the biodiversity-related risks and impacts based on objective facts, and take effective measures. In this context, in January 2024, KOSÉ joined the TNFD Forum, which supports the establishment of TNFD-based information disclosure. At the same time, it registered as a TNFD Early Adopter, aiming for early disclosures, and has since been analyzing, evaluating, and examining information disclosures concerning biodiversity-related risks.

This report identifies biodiversity-related risks related to KOSÉ’s business activities and analyzes and evaluates its efforts to create business opportunities that contribute to the conservation and restoration of biodiversity, with respect to water resources and palm oil—which are important natural capital that is essential to the manufacture of cosmetics. Based on the results of this analysis and evaluation, with regard to water resources, KOSÉ will strengthen its initiatives to reduce water consumption and conserve water, as well as initiatives that contribute to biodiversity around its factories, and with regard to palm oil, it will promote sustainable procurement and use.
KOSÉ is committed to actively promoting Group-wide initiatives for realization of a nature-positive society.

■ KOSÉ company website “Sustainability”

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.