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TOKYO - Japanese tech and fibre firm Teijin has announced it has introduced an internal carbon pricing (ICP) system for the group's capital investment plans.

The ICP mechanism creates economic incentives to reduce CO2 emissions by quantifying CO2 emissions as costs that the company can consider when making investment decisions.

The Teijin Group will apply the system to all future capital investment plans that are expected to impact the group’s CO2 emissions to help mitigate climate change.

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