Impact of Climate Change and Decarbonization Measures on Demand, Costs and Business Opportunities
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2024.
11 other companies' latest entry also says "Other".
- FY2024Development of climate scenario analysis and assessment of impactsAnnual report
「The scenarios assumed are that the global average temperature will rise by 4°C or 1.5°C by the end of this century compared with pre-industrial levels.」
For climate change risks, it establishes 4°C and 1.5°C scenarios and specifically assesses poor sugar beet growth, low sugar content and declining quality, lower factory production efficiency, decarbonization costs and opportunities from developing new uses for sugar beets. - FY2023RestatedAnnual report
「In the Sugar business, which is our principal business, as well as in the Food, Feed and Agricultural Materials businesses, changes in product demand resulting from climate change may affect sales activities. In addition, stricter government and other regulations toward a decarbonized society may increase business costs and procurement costs as decarbonization progresses. Inadequate efforts toward decarbonization may also result in lost business opportunities and reduced public trust, potentially affecting the performance of the Group.」
It continues to disclose across multiple businesses the risks of changes in demand due to climate change, decarbonization regulations and procurement costs, and lost business opportunities and reduced trust due to inadequate responses. - FY2022First statedAnnual report
「Stricter government and other regulations toward a decarbonized society may increase business costs and procurement costs as decarbonization progresses. Inadequate efforts toward decarbonization may also result in lost business opportunities and reduced public trust, potentially affecting the performance of the Group.」
It identifies as major risks changes in product demand due to climate change, higher costs resulting from decarbonization regulations, and lost business opportunities and reduced trust due to inadequate responses.