Repair and customer support costs in the event of a natural disaster
First written in FY2017. 1 of 2 entries say "Reframed", first in FY2020. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020ReframedAnnual report
「Physical risks associated with climate change include substantial costs for repairing company-owned facilities, properties held for sale and buildings under construction damaged by extreme weather events such as typhoons and floods, as well as for initial response and support activities such as inspecting and providing emergency treatment for buildings owned by customers. These costs may affect the Group’s performance.」
The company has reframed the risk of repair and customer support costs caused by natural disasters as a physical risk associated with climate change. - FY2017First statedAnnual report
「In the event of a major natural disaster, substantial costs may arise from repairing company-owned facilities, properties held for sale and buildings under construction that have been damaged, as well as from initial response and support activities such as inspecting and providing emergency treatment for buildings owned by customers. These costs may affect the Group’s performance.」
The company identifies as a risk the costs of repairing its own assets and providing initial response and support for customers’ buildings following a major natural disaster.