TCFD-Based Information Disclosure

The SKY Perfect JSAT Group views the issue of climate change as one of the issues that society faces that must be resolved immediately. We are actively working to solve this problem, not only through our own activities, but also by providing solutions to climate change through the use of our satellites and other solutions.
We believe it is important to deepen dialogue with our stakeholders, and will disclose the Group's management systems, initiatives, etc. based on the TCFD Recommendations.

Disclosing information  
based on TCFD recommendations

The Climate-Related Financial Disclosure Task Force ("TCFD") was established in 2015 by the G20 Financial Stability Board (FSB).
The objective is to encourage companies to disclose climate-related financial information so that investors can make appropriate investment decisions while aiming to "keep the global average temperature at +2°C before the industrial revolution" as stipulated in the 2015 Paris Agreement.
In accordance with the recommendations of the Task Force on Climate-Related Financial Disclosure, the final report of TCFD released in June 2017, we will evaluate risks and opportunities based on scenario-analyses of the impact of climate change on our business, recognize the importance of impacts and reflect them in our management measures. In addition, we will work to strengthen the resilience of our strategies, strengthen our relationships of trust with stakeholders, and endeavor to disclose information appropriately.


We have formed a project to examine climate-related risks and opportunities (a cross-functional organization headed by the General Manager of the Corporate Planning Department, hereinafter referred to as the "Climate-Related Review Project") in which we identify and evaluate climate-related risks and opportunities. The results of these deliberations are reported to and discussed by the Risk Management Committee, which is chaired by the Chief Risk Management Officer (director in charge of Corporate Administration) appointed at the Board of Directors meeting. In addition, the Sustainability Committee, chaired by the director in charge of Corporate Administration, engages in and discusses the identification of important sustainability-related issues. Moreover, the Directors in charge of Corporate Administration, who are chaired by the two committees, regularly raise and report on issues at meetings of the Board of Directors, and supervision by the Board of Directors is appropriately implemented in the content examined in the Climate-Related Review Project.

The Chief Risk Management Officer is responsible for overseeing overall risk management activities, including identifying, responding to, improving, managing, and evaluating risks for the Group as a whole, including climate-related risks, in the Risk Management Committee. The Sustainability Committee, chaired by the director in charge of Corporate Administration, also considers initiatives to address climate-related issues in the context of important sustainability-related issues. The Climate-Related Review Project works with these two committees to raise issues related to climate-related issues, discuss strategies, and assess and manage climate-related risks, as necessary.

Climate Change Governance/Risk Management System


We recognize the enormous impact of a 4°C rise in the global average temperature caused by climate change on society, and believe it is important to contribute together with moves aimed at curbing temperature increases to below 2°C. To meet our targets, less than 2℃, we assessed the impacts of climate-related risks and opportunities on our operations, as well as our strategy. To this end, we conducted climate change scenario analyses and selected climate-related risks and opportunities and assessed financial impacts for us, as recommended by TCFD.

In analyzing scenarios, we analyze climate-related risks and opportunities in the following processes based on scenarios of less than 2°C and 4°C drawn up by specialized organizations, such as the socio-economic scenario of IPCC (Intergovernmental Panel on Climate Change), "Common Socio-Economic Paths (SSPs, Shared Socioeconomic Pathways)" and "World Energy Outlook (WEO) 2020" of the IEA (International Energy Agency). The period covered by the analysis is 2030.

Importance assessment of climate-related risk

Climate-related risks and opportunities under 2°C/4°C scenarios

The results of the assessment of climate-related risks and opportunities based on scenario analysis are shown below.

ClassificationEvaluation itemsTime of emergenceDetails
Transition riskPolicy/RegulationCarbon pricing mechanismLong-term
  • Increase in tax due to the introduction of a carbon tax
  • Increase in indirect costs due to purchases of credits for unresolved emissions
  • Increase in electricity rates due to switch to renewable energy
  • Use of renewable energy
  • Promotion of energy efficiency improvement
Reputation Medium-term 【Space】
  • Decreased reputation when electricity used at sites of ground facilities (e.g. Yokohama Satellite Control Center) does not use renewable energy
  • External communication that satellites are operated by photovoltaic power generation

  • Damage in reputation of services and companies due to low awareness of climate change initiatives
  • Falling stock prices due to reputational damage and an increase in funding costs
ReputationReputational changes of investorsMedium-term 【Space】
  • Poor reputation when electricity is not using renewable energy
  • External communication that satellites are operated by photovoltaic power generation

  • Damage in reputation of services and companies due to low awareness of climate change initiatives
  • Provision of programs related to SDGs (production and compilation of environmental and other educational programs)
OpportunitiesReputationChanges in consumer preferencesMedium-term 【Space】
  • Increase in the number of contracts from environmentally conscious companies by providing services with low environmental impact

  • By working to raise environmental awareness as part of fan marketing, we will be able to provide the content and services that subscribers expect and increase earnings.
  • By providing services with low environmental impact, the number of contracts in the Media Solutions Business increased from companies that are highly environmentally conscious
Products and servicesDevelopment of Climate Adaptation, Resilience, and Insurance Risk SolutionsLong-term 【Space】
  • Taking advantage of the features of satellite communications that are resilient to disasters, local governments across the country will expand services suitable for disaster countermeasures and BCPs for companies that are responsible for important lifelines such as electricity and gas.
  • Expansion of disaster simulation services through Spatio-i of information services that combine data obtained from satellites with AI technologies, etc.
Ability to diversify business activitiesLong-term 【Space】
  • Within the information service Spatio-i that combines data obtained from satellites with AI technology, etc., expand the sand collapse detection service and flood detection service
Development and/or expansion of low-emission products and servicesLong-term 【Space】
  • Expansion of optimal vessel navigation support services through information service Spatio-i that combines data obtained from satellites with AI technologies, etc.
MarketEnters new marketShort-term 【Space】
  • Expansion of services to predict the amount of solar power, Solar Meilleur.
ElasticityParticipation in renewable energy programs and adoption of energy-saving measuresShort-term 【Space】
  • Communicate to the public that we are actively participating in renewable energy programs through investments in venture companies (Challenergy inc.) that are developing and selling wind generators
Physical riskAcuteIncrease in repair responses in the event of a breakdown of an antennas (in-house or customer) due to a disaster caused by a storm, etc.Short-term No material impact due to expanded facilities
Decrease in income due to inability to provide servicesShort-term There is a possibility that the service will be temporarily unavailable, but because long service interruptions are not anticipated, no material impact will occur.
Lower customer satisfaction due to delayed repair response in the event of a flaw in the Antenna (in-house or customer) caused by inability to provide services or a storm, etc.Short-term No significant impact is expected as breakdowns are not anticipated to increase sharply.
Increase in inundation and power outage damage at facilities, as well as the cost of restoring them, and the cost of prior countermeasuresShort-term 【Space】
It is located at a high altitude, and the risk of flooding is low, and emergency power supplies are provided for power failures. Therefore, no serious impact will occur.
No significant impact is caused due to the provision of waterproof walls, emergency power supplies, etc.
Increase in insurance premiums for facility damage due to storms, etc.Medium-term There is a possibility of a certain increase in premiums, but the financial impact is assumed to be limited.

As a result of quantitative and qualitative evaluations of the likelihood and timing of the materialization of risks, the impact if they materialize, and the status of current countermeasures, none of these items were materially affected. Going forward, we will continue to conduct risk assessments to appropriately manage risks and consider business opportunities and other factors that can be obtained through the development of new businesses, which will lead to an increase in corporate value.

Risk Management

To identify and evaluate climate-related risks and opportunities in the SKY Perfect JSAT Group, we conduct scenario analyses, etc. in the Climate-Related Review Project, identify and evaluate climate-related risks and opportunities, and consider countermeasures for each risk and opportunity as described in the Strategy. In assessing the importance of risks and opportunities, members of Climate-related Review Projects discuss and evaluate them. The results of these reviews are reported to and discussed by the Risk Management Committee and the Sustainability Committee. In addition, the content of the review is regularly reported to the Board of Directors by the Director in charge of Corporate Administration, who is the chairman of both committees, and progress is managed.
Please refer to the organizational diagram of the above Governance.

Indicators and Targets

(a) Indicators and Target Indicators of Climate Change

IndicatorsTarget Indicators of Climate Change
GHG emissions (Scope1,2) Short-term Target:-1% compared to the previous year
  • Major subsidiary, SKY Perfect JSAT Corporation (non-consolidated)
Renewable energy use ratio 100% by 2030
  • SKY Perfect JSAT Group

(b) Trend of GHG emissions (Unit:t-CO2)

Indicators FY2019 FY2020 FY2021
Scope1 10 8 10
Scope2 12,672 11,415 10,218
Total 12,682 11,423 10,228
  • Major subsidiary, SKY Perfect JSAT Corporation (non-consolidated)

(c) Trend of Renewable energy use ratio(Unit:%)

Renewable energy use ratio - - Approx. 30%
  • SKY Perfect JSAT Group