The table below compares the disclosures recommended by the Task Force on Climate-related Financial Information Disclosure (TCFD) with SUBARU’s Sustainability Website, and presents relevant responses to CDP Climate Change 2024.

Governance

TCFD Disclosure
Recommendations
Relevant Articles
Sustainability Website Integrated Report CDP2024
a) The Board’s oversight of climate-related risks and opportunities. Mitigating Climate Change
Management System
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Management System
CDP 4.1.2
b) Management’s role in assessing and managing climate-related risks and opportunities. Mitigating Climate Change
Management System
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Management System
CDP 4.3

Strategy

TCFD Disclosure
Recommendations
Relevant Articles
Sustainability Website Integrated Report CDP2024
a) Climate-related risks and opportunities the organization has identified over the short, medium, and long term. Environmental Management
Targets and Results
Mitigating Climate Change
Risks and Opportunities Identified Medium- to Long-term Goals (Long-term Vision and Milestones)
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Strategy
CDP 2.1, 3.1, 3.1.1, 3.6, 3.6.1
b) Impact of climate-related risks and opportunities on the organization’s businesses and strategy. Message on Sustainability from the CEO
Environmental Management
Targets and Results
Mitigating Climate Change
Strategy
Medium- to Long-term Goals (Long-term Vision and Milestones) Initiatives
Message from the CEO
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Strategy Examples of Scenarios and Their Risks/Measures
CDP 3.1.1, 3.6.1, 5.1.2, 5.2, 5.3.1, 5.3.2, 5.14, 5.14.1
c) Resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. Message on Sustainability from the CEO
Environmental Management
Targets and Results
Mitigating Climate Change
Strategy
Risk Management
Medium- to Long-Term Goals (Long-Term Vision and Milestones)
Initiatives
Message from the CEO
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Strategy Examples of Scenarios and Their Risks/Measures
CDP 5.1, 5.1.1, 5.1.2

Risk Management

TCFD Disclosure
Recommendations
Relevant Articles
Sustainability Website Integrated Report CDP2024
a) Describe the organization’s processes for identifying and assessing climate-related risks. Risk Management
Our Approach
Management System
Mitigating Climate Change
Risk Management
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Risk Management
CDP 2.1, 2.2.1, 2.2.2, 2.2.5, 2.2.6, 2.2.8, 2.2.9
b) Describe the organization’s processes for managing climate-related risks. Risk Management
Our Approach
Management System
Mitigating Climate Change
Risk Management
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Risk Management
CDP 2.1, 2.2.1, 2.2.8, 2.2.9
c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management. Risk Management
Our Approach
Management System
Initiatives
BCP
Our Approach
Emergency Response
Mitigating Climate Change
Risk Management
Water Resources
Risk Management
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Risk Management
CDP 2.1, 2.2.1

Metrics and Targets

TCFD Disclosure
Recommendations
Relevant Articles
Sustainability Website Integrated Report CDP2024
a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. Environmental Management
Targets and Results SUBARU Group Material Flow
Mitigating Climate Change
Strategy
Risk Management
Medium- to Long-Term Goals (Long-Term Vision and Milestones)
Initiatives
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Metrics and Targets Initiatives
CDP 7.52, 7.54, 7.54.1, 7.54.2
b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. Environmental Management
Targets and Results SUBARU Group Material Flow
Mitigating Climate Change
Strategy
Risk Management
Medium- to Long-Term Goals (Long-Term Vision and Milestones)
Initiatives
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Strategy Examples of Scenarios and Their Risks/Measures Metrics and Targets Initiatives
CDP 7.6, 7.7, 7.8, 7.8.1, 12.1, 12.1.1, 12.1.3, 12.3
c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. Environmental Management
Targets and Results SUBARU Group Material Flow
Mitigating Climate Change
Strategy
Risk Management
Medium- to Long-Term Goals (Long-Term Vision and Milestones)
Initiatives
Capital Strategy for Value Creation
Natural Capital
Mitigating Climate Change
Metrics and Targets Initiatives
CDP 7.53, 7.53.1, 7.53.2, 7.53.4, 7.54, 7.54.1, 7.54.2