Risks Related to Tighter Environmental Regulations and Environmental Charges
First written in FY2020. 1 of 4 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Our Group has expressed its support for the recommendations of the TCFD. Alongside identifying reductions in CO2 emissions as indicators and targets, we are taking action while simulating the impact of environmental costs on management from multiple perspectives. We are working to introduce the latest technologies for sustainable energy use, including electricity generated from renewable energy sources such as solar power systems, while improving the efficiency of production processes and equipment and reducing required energy consumption in order to achieve cost reductions and reduce our environmental impact simultaneously.」
In addition to TCFD-based assessments, the company is conducting environmental cost simulations, improving production equipment efficiency, reducing energy consumption, and introducing renewable energy to address the risks of tighter environmental regulations and environmental levies. - FY2022WorsenedAnnual report
「However, if environmental regulations are tightened beyond the measures undertaken by our Group, carbon pricing is introduced, or environmental levies are imposed in the future to mitigate climate change risks, this could affect our Group's operating results and financial position.」
In addition to the previously identified risks of tighter environmental regulations and environmental levies, the company explicitly identifies the introduction of carbon pricing as a new risk factor. - FY2021RestatedAnnual report
「To address these risks, we comply with environmental and recycling-related laws and regulations of national and local governments, have established an Environmental Pollution Response Manual, and operate the company with a focus on preventing environmental problems before they occur.」
The company continues to disclose the possibility of tighter environmental regulations and environmental levies, and describes preventive measures based on legal compliance and its Environmental Pollution Response Manual. - FY2020First statedAnnual report
「However, if environmental regulations are tightened beyond the measures undertaken by our Group, or environmental levies are imposed in the future to address climate change risks, this could affect our Group's operating results and financial position.」
The company identifies tighter environmental regulations and the imposition of environmental levies driven by climate change response as new external risks.