Analysis of Climate-Related Risks and Opportunities Based on TCFD Recommendations and Integration into Management Strategy
First written in FY2023. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
90 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Taking into account the timing of the Group’s medium-term management plan and external factors such as the Paris Agreement and the target years set by the Japanese government, the Group defined the short- to medium-term horizon as the period through the fiscal year ending March 2031 and the long-term horizon as the period through the fiscal year ending March 2051.」
For its TCFD response, the company continued to assess climate change risks and opportunities using 2031 and 2051 as time horizons and provided greater detail on the financial impacts and response measures relating to natural disasters, raw material supplies, carbon prices and other factors. - FY2025RestatedAnnual report
「Since the fiscal year ending March 2022, the Group has examined scenarios and risks and opportunities in line with the TCFD recommendations and published the results. It is incorporating these into risk management for business operations and management strategy and will actively disclose progress going forward.」
The company continues to support the TCFD, conduct scenario analysis, incorporate risks and opportunities into management strategy, and disclose progress. - FY2024AdvancedAnnual report
「In line with the TCFD recommendations, the company is conducting assessments of risks and opportunities based on scenario analysis, incorporating the identified risks and opportunities into risk management for business operations and management strategy, and will actively disclose progress going forward.」
The company progressed from stating its support for the TCFD and scenario analysis to disclosing assessments of material risks under 4°C and 1.5°C scenarios, time horizons of 2031 and 2051, response measures and the extent of financial impact. - FY2023First statedAnnual report
「In June 2023, the company expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and joined the TCFD Consortium. In line with the TCFD recommendations, the company is conducting assessments of risks and opportunities based on scenario analysis, incorporating the identified risks and opportunities into risk management for business operations and management strategy, and will actively disclose progress going forward.」
The company disclosed its support for the TCFD recommendations, participation in the consortium, scenario analysis and integration into management strategy as new climate change initiatives.