TOKYO, Jul 28, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu and Hokuhoku Financial Group, Inc. (hereinafter Hokuhoku FG)(1) today announced the development of an algorithm to support information disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (hereinafter TCFD)(2). The two companies conducted trial demonstrations and confirmed the efficiency of the new algorithm in supporting customers in improving their operational efficiency when preparing for TCFD reporting.The new algorithm developed by Fujitsu automatically arranges customer data and hazard data issued by the government on a map to calculate the physical risk of a customer or asset in the event of a flood. The analysis results will be used in the integrated report of Hokuhoku FG that will be issued on July 29, 2022.Moving forward, the two companies will continue to verify the effectiveness of the newly developed algorithm for customers in the financial industry with a large number of clients, and plan to expand it to customers in other industries in the future.BackgroundClimate change poses a major, ongoing economic threat, and not only listed companies but also many ...