Support for the TCFD Recommendations and Climate-Related Disclosure
First written in FY2022. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2026: 2 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In June 2021, the Company endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board, and discloses on its corporate website its analysis of and responses to the risks and opportunities that climate change poses to its business.」
The Company continues to support the TCFD recommendations, analyze climate change risks and opportunities, and disclose information on its corporate website. - FY2025AdvancedAnnual report
「In June 2021, the Company endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board, and discloses on its corporate website its analysis of and responses to the risks and opportunities that climate change poses to its business.」
The Company has progressed from endorsing the TCFD recommendations and conducting scenario analysis to disclosing its analysis of and responses to climate change risks and opportunities on its corporate website. - FY2023AdvancedAnnual report
「Under the 4°C scenario, the Company expects asphalt raw material prices to rise against a backdrop including an unrestrained increase in fossil fuel demand, and anticipates direct damage from increased physical risks associated with more severe extreme weather, including typhoons and heavy rainfall. In contrast, under the below-2°C scenario, operating costs are expected to increase due to carbon taxes and higher electricity prices, while raw material costs are expected to rise as a result of similar impacts across the supply chain. At the same time, demand for renewable energy is expected to increase, leading to more renewable energy-related construction work.」
The Company has moved beyond expressing support for the TCFD and has made its analysis more specific, covering physical and transition risks, higher costs, and business opportunities in renewable energy-related construction under each scenario. - FY2022First statedAnnual report
「In June 2021, the Company endorsed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board. The Company is considering the analysis of and responses to the risks and opportunities that climate change poses to its business and plans to disclose information on its corporate website and elsewhere in the future.」
The Company has expressed its support for the TCFD recommendations and plans to disclose information in the future after considering the analysis of and responses to climate change risks and opportunities.