Addressing Climate-Related Risks through the TCFD Recommendations and Scenario Analysis
First written in FY2022. 5 of 6 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
90 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「(i) If the Group does not implement initiatives to reduce CO2 emissions 1,176 (ii) If the Group reduces CO2 emissions by 50% in fiscal 2030 compared with fiscal 2020 518」
The impact of carbon taxes under the 1.5°C scenario for 2030 was quantitatively assessed, with an estimate of approximately ¥1.176 billion if emissions are not reduced versus approximately ¥518 million with a 50% reduction. The Sustainability Committee continues to monitor progress on the decarbonization roadmap, solar power generation, and J-Credits. - FY2025AdvancedAnnual report
「Initiative ②: Introduction of electricity from renewable energy (switching to renewable electricity) <Introduction site> Kitakyushu Aquatic Products Plant <Introduction date> April 2024 The plant switched 100% of its electricity consumption to electricity generated from renewable energy.」
Climate-related measures include switching 100% of the electricity used at the Kitakyushu Aquatic Products Plant to renewable energy, introducing electric forklifts at the Kitakyushu Livestock Plant, and generating feed rice J-Credits. - FY2024AdvancedAnnual report
「The Group regards factors that could hinder the achievement of management or business objectives, including medium-term management plans and business plans, as risks, and implements measures to prevent those risks from materializing. To operate an enterprise-wide framework for risk management activities (ERM), it has established an Enterprise-wide RM Meeting within the Management Committee. For climate-related risks, it manages risk by establishing a TCFD Task Force within the ESG Committee.」
Building on disclosure through the TCFD Report and scenario analysis, the Company has established a framework to integrate climate-related risks into enterprise-wide ERM by coordinating the TCFD Task Force within the ESG Committee with the Enterprise-wide RM Meeting. - FY2023AdvancedAnnual report
「To minimize risks and maximize opportunities associated with climate change, the Group has designated CO₂ emissions as an important indicator. It has set a target of reducing the Group’s Scope 1 and 2 CO₂ emissions by 50% by fiscal 2030 compared with fiscal 2020, and is working to visualize Scope 3 emissions with a view to achieving carbon neutrality across its value chain by fiscal 2050.」
Moving beyond its support for the TCFD and scenario analysis policy, the Company has specified a fiscal 2030 reduction target for Scope 1 and 2 emissions, carbon neutrality across its value chain by fiscal 2050, and the visualization of Scope 3 emissions. - FY2023-Q2AdvancedAnnual report
「Under this agreement, the CO₂ emissions reduction rate has been selected as a KPI (key performance indicator), and sustainability performance targets (SPTs) have been set according to the loan tenor. If the SPTs are achieved, the Company will receive an interest rate incentive, and the equivalent value of that interest benefit is scheduled to be used for ESG and SDG activities.」
As a measure to address climate-related risks, the Company entered into a sustainability-linked loan using the CO₂ emissions reduction rate as a KPI and began implementing a specific financial measure to use the equivalent value of the interest rate benefit for ESG and SDG activities. - FY2022First statedAnnual report
「Accordingly, while promoting measures to address climate-related risks and opportunities, the Group expressed its support for the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures) and disclosed its TCFD Report on 20 June 2022 in accordance with the disclosure items recommended by the task force. The Group will advance climate-related scenario analysis, analyze and assess the financial impact of risk and opportunity factors on the Group based on scientific evidence, and formulate and implement measures suited to future uncertainties in order to reduce risks.」
The Company explicitly disclosed for the first time its support for the TCFD recommendations, disclosure of the TCFD Report, climate-related scenario analysis, and the formulation and implementation of measures.