The Environmental Report 2020 references disclosure recommendations by the Task Force on Climate-related Financial Disclosures (TCFD) as in the following table.

The following table contrasts Toyota's disclosure contents (the Environmental Report 2020) with the TCFD recommendations.

Governance

TCFD recommendations Relevant articles
  1. Describe the board's oversight of climate-related risks and opportunities.
  1. Describe management's role in assessing and managing climate-related risks and opportunities.

Strategy

TCFD recommendations Relevant articles
  1. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
  1. Describe the impact of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning.
  1. Describe the resilience of the organization's strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.

Risk Management

TCFD recommendations Relevant articles
  1. Describe the organization's processes for identifying and assessing climate-related risks.
  1. Describe the organization's processes for managing climate-related risks.
  1. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization's overall risk management.

Metrics and Targets

TCFD recommendations Toyota disclosure content [Reference]
  1. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
  1. Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.
  1. Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.