Press release content from Business Wire. The AP news staff was not involved in its creation. Renesas Endorses the Recommendations of Task Force on Climate-Related Financial Disclosures (TCFD) April 15, 2021 GMT TOKYO--(BUSINESS WIRE)--Apr 15, 2021-- Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced that it has signed up to support the Task Force on Climate-related Financial Disclosure (TCFD) and joined the Japan-based TCFD Consortium. By becoming active members of these climate-focused industry bodies, Renesas demonstrates its commitment to more transparent financial disclosures with special emphasis on managing risks and opportunities related to climate change. Founded by the Financial Stability Board (FSB), the TCFD is an international organization that develops recommendations for more effective climate-related disclosures and provides guidance on addressing the financial impact of climate change for market participants. Most recently, the organization published a report in 2017 with climate-related financial analysis and disclosures intended for lenders, insurers, investors and other stakeholders. The Japan-based TCFD Consortium was formed in 2019, as a forum for domestic TCFD members to develop effective disclosures and help financial institutions to make informed investment decisions.