Impact of Environmental Regulations and Reputational Damage on Product Strategy and Energy Costs
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2024.
Morinaga Milk Industry moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2021: 4 of 17 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「As global environmental issues, including climate change, become more serious, the group's business performance and financial position may be affected by a review of product strategies, capital expenditure and higher energy and raw-material procurement costs if regulations or reputational damage arise concerning fossil energy, plastic use, water risks and other matters.」
The company explicitly expands the scope of environmental impacts to include water risks, capital expenditure, raw-material procurement costs and carbon taxes, in addition to the existing risks related to fossil energy and plastics. - FY2021RestatedAnnual report
「The group works to gather information through various stakeholders and has established the Morinaga Milk Industry Group Environmental Policy, under which it sets and manages appropriate targets based on the ISO 14001 environmental management system. It has also established the Eco Package Guide as its packaging design guideline and is promoting environmentally conscious design.」
The group continues to recognize the risk that environmental regulations and reputational damage may affect product strategy and energy costs, and has specified measures based on its environmental policy, ISO 14001 and the Eco Package Guide. - FY2021-Q3RestatedAnnual report
「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that management recognizes could affect the group’s operating performance, financial position or other matters.」
The company states that there have been no material changes or new developments concerning the risk of environmental regulations and reputational damage affecting product strategy and energy costs. - FY2020First statedAnnual report
「If regulations or reputational damage arise concerning packaging materials, fossil energy use and other matters, the group's business performance and financial position may be affected by a review of product strategies, higher energy costs and other factors.」
Regulations and reputational damage concerning packaging materials and fossil energy are described for the first time as standalone risks affecting product strategy and energy costs.