Identifying climate-related risks and opportunities and considering a TCFD response
First written in FY2023. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
14 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a result, scenario (a) is expected to involve impacts such as flooding caused by extreme weather resulting from climate change, while scenario (b) is expected to involve increased business costs resulting from factors such as the introduction of carbon pricing. However, the results of the scenario analysis confirmed that, under either scenario, demand is expected to increase for products and services by more than the associated costs, given the anticipated growth in demand for the networks, security camera systems and safe, secure and comfortable living spaces in which we operate.」
The company moved beyond the previous stage of considering TCFD implementation, conducting analyses based on 4°C and 1.5°C scenarios and identifying physical risks, transition risks and business opportunities. It also set targets of reducing Scope 1 and 2 emissions by 40% in fiscal 2030 and achieving net zero in fiscal 2050. - FY2023First statedAnnual report
「Because transition and physical risks associated with climate change could significantly change the business environment itself, we will discuss them through initiatives such as the ESG/SDGs Promotion Project. In addition to the environmental impact assessment under our environmental management system, we will consider an approach to selecting, managing and evaluating risks in line with the TCFD framework through scenario analysis, and will identify climate-related risks and opportunities.」
For the first time, the company identified climate change as a standalone sustainability issue, stating that it would consider GHG emissions reductions, a review of energy use, preparations for natural disasters, scenario analysis, and the identification of risks and opportunities in line with the TCFD framework as management issues.