The company integrates climate and nature-related disclosures into a single report, marking a first for Japan’s shipping industry
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Jotaro Tamura, Headquarters: Minato-ku, Tokyo) today announced the publication of an integrated TCFD–TNFD disclosure report, titled “INTEGRATED TCFD / TNFD DISCLOSURE: Climate and Nature-Related Information Report.” This report brings together information based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) (Note 1) and the Taskforce on Nature-related Financial Disclosures (TNFD).
The shipping industry is not only affected by climate change but is also supported by—and, in turn, impacts—natural capital (Note 3). Since 2018, MOL has advanced climate-related disclosures based on the TCFD recommendations, and in 2025, began promoting nature-related disclosures based on the TNFD recommendations. By integrating these two disclosure frameworks, MOL aims to clearly communicate to investors and other stakeholders how decarbonization initiatives driven by its environmental strategy also contribute to the conservation of natural capital.
The report also outlines MOL’s approach to dialogue and collaboration with stakeholders to address challenges across the entire value chain. The compilation of this report also reflects MOL’s commitment to proactive preparation for future disclosure frameworks such as the Sustainability Standards Board (SSBJ) (Note 4) and the Corporate Sustainability Reporting Directive (CSRD).
(Note 1) A task force established by the Financial Stability Board (FSB) in response to a request from the G20. It aims to help organizations understand and disclose the financial impacts of climate-related risks and opportunities, and in June 2017 published its recommendations for voluntary disclosure.
(Note 2) An international initiative established to develop a framework for the appropriate assessment and disclosure of nature related risks and opportunities for companies. MOL has participated in the TNFD Forum—a stakeholder group comprising companies, financial institutions, research organizations, and others that supports TNFD discussions and framework development—since December 2022. In January 2024, MOL registered as a TNFD Early Adopter, expressing its intention to disclose information in accordance with the TNFD recommendations at an early stage, and made its first disclosure in fiscal year 2025.