Physical and Transition Risks from Climate Change
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: FY2026.
25 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Using scenarios published by the IPCC and IEA, the Company has established two scenarios and assumed their respective impacts on the Company as of 2030: a 4°C scenario, in which the global average temperature rises by 4°C by around 2100 compared with the period around the Industrial Revolution, and a below-2°C scenario, in which the temperature increase is limited to approximately 1.5°C to 2°C through efforts toward carbon neutrality.」
The Company continues to assess the physical and transition risks of climate change under a 4°C scenario and a below-2°C scenario. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no new developments or material changes concerning the physical and transition risks arising from climate change. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no new developments or material changes concerning the physical and transition risks arising from climate change. - FY2023Climate scenario analysis and impact assessment made more specificAnnual report
「Using scenarios published by the IPCC and IEA, the Company has established two scenarios and assumed their respective impacts on the Company as of 2030: a 4°C scenario, in which the global average temperature rises by 4°C by around 2100 compared with the period around the Industrial Revolution, and a below-2°C scenario, in which the temperature increase is limited to approximately 1.5°C to 2°C through efforts toward carbon neutrality.」
For climate change risks, the Company has specified a framework for assessing business impacts as of 2030 under a 4°C scenario and a below-2°C scenario. - FY2022RestatedAnnual report
「In recent years, natural disasters have tended to become more severe as a result of climate change, creating physical risks such as damage to construction sites and construction delays caused by typhoons, floods and other events. In addition, as climate change drives the transition to a low-carbon, decarbonized society, restrictions on construction volumes due to greenhouse gas emissions caps and, if a carbon tax is introduced, higher costs and other factors may affect business activities and business performance.」
The Company continues to identify the physical and transition risks arising from climate change. TCFD-related initiatives are described separately. - FY2021First statedAnnual report
「In recent years, natural disasters have tended to become more severe as a result of climate change, creating physical risks such as damage to construction sites and construction delays caused by typhoons, floods and other events. In addition, as climate change drives the transition to a low-carbon, decarbonized society, restrictions on construction volumes due to greenhouse gas emissions caps and, if a carbon tax is introduced, higher costs and other factors may affect business activities and business performance.」
The Company has for the first time systematically identified damage and delays at construction sites resulting from increasingly severe natural disasters, as well as higher costs resulting from emissions regulations and carbon taxes, as climate change risks.