Transition and physical risks from climate-change policies and intensifying natural disasters
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 12 of 74 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2026Updated the climate scenario analysis, including nature-related risksAnnual report
「The scenario analysis assumed two scenarios: a “1.5–2°C scenario,” which limits the rise in temperatures by the end of this century to 1.5–less than 2°C compared with pre-industrial levels, and a “4°C scenario,” in which the rise in temperatures exceeds 4°C. The financial impact of the identified risks and opportunities on the group in 2030 was analyzed quantitatively and assessed on 3 levels: “large,” “medium” and “small.”」
The transition and physical risks of climate change were quantitatively analyzed and assessed on 3 levels using 2 scenarios and their financial impact in 2030. - FY2025RestatedAnnual report
「The scenario analysis assumed two scenarios: a “1.5–2°C scenario,” which limits the rise in temperatures by the end of this century to 1.5–less than 2°C compared with pre-industrial levels, and a “4°C scenario,” in which the rise in temperatures exceeds 4°C. The financial impact of the identified risks and opportunities on the group in 2030 was analyzed quantitatively and assessed on 3 levels: “large,” “medium” and “small.”」
The transition and physical risks of climate change were assessed using 1.5–2°C and 4°C scenarios and an analysis of their financial impact in 2030. - FY2022First statedAnnual report
「If transition risks such as higher capital investment and materials procurement costs resulting from strengthened climate-change policies and regulations, or physical risks such as delays to construction schedules caused by increasingly severe and frequent natural disasters, supply-chain disruptions or damage to works under construction, materialize, the group’s performance could be affected.」
Transition and physical risks associated with climate change were disclosed as new risk categories.