Value Chain Impacts of and Responses to Climate Change
First written in FY2018. 5 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「The Group aims to achieve carbon neutrality in its operations by 2030 and has set targets of reducing Scope 1 and 2 GHG emissions by 47% from 2019 levels and Scope 3 Category 1 GHG emissions by 28% from 2019 levels.」
In addition to net zero across the entire value chain by 2050, the company specifically disclosed interim targets of carbon neutrality in its operations by 2030, a 47% reduction in Scope 1 and 2 emissions, and a 28% reduction in Scope 3 Category 1 emissions. - FY2024Recalculation of climate change impact and application for approvalAnnual report
「Based on multiple scenarios, the company calculated that increases in carbon taxes resulting from rising temperatures could have a substantial financial impact of ¥2.7 billion to ¥108.9 billion. In September 2024, it also applied to SBTi for validation toward obtaining approval for its net-zero target.」
The company quantified the impact of carbon taxes associated with climate change risks at ¥2.7 billion to ¥108.9 billion and the impact of raw tobacco procurement costs at ¥3.5 billion to ¥34.8 billion, and also applied for validation toward obtaining SBTi approval for its net-zero target. - FY2023Quantifying the financial impact of climate change risksAnnual report
「Based on multiple scenarios, the company calculated that increases in carbon taxes resulting from rising temperatures could have a substantial financial impact of ¥0.7 billion to ¥15.0 billion. Based on multiple scenarios, it also calculated that increases in raw tobacco procurement costs could have a financial impact of ¥8.0 billion to ¥37.0 billion.」
The company quantified the impact of higher carbon taxes from climate change risks at ¥0.7 billion to ¥15.0 billion and the impact of procurement costs resulting from changes in raw tobacco growing conditions at ¥8.0 billion to ¥37.0 billion. It also disclosed targets of net zero by 2050, a 47% reduction in Scope 1 and 2 emissions by 2030, and a 28% reduction in Scope 3 Category 1 emissions. - FY2022AdvancedAnnual report
「The 2030 targets for Scope 1 and 2 emissions, which were set as interim targets, received SBT approval under SBTi's 1.5°C pathway in November 2022.」
Regarding its response to climate change, the 2030 interim targets for Scope 1 and 2 emissions were approved under SBTi's 1.5°C pathway in November 2022. quantified is true, materialized is false. - FY2021AdvancedAnnual report
「In February 2022, the Group announced a new target of achieving net-zero greenhouse gas emissions across its entire value chain by 2050, in order to fulfill its social responsibility for building a decarbonized society worldwide. The target was formulated in line with the 1.5°C pathway of the international initiative SBTi (Science Based Targets initiative).」
Regarding its response to climate change, the company announced a 2050 net-zero target covering its entire value chain and aligned it with SBTi's 1.5°C pathway. - FY2020AdvancedAnnual report
「The Group has expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and is also working on climate change scenario analysis.」
Regarding its response to climate change, the company stated that it supports the TCFD recommendations and is advancing scenario analysis. It also reconfirmed Environmental Plan 2030 and its Science Based Targets covering the value chain. - FY2019AdvancedAnnual report
「The new Environmental Plan 2030 announced in 2019 sets greenhouse gas reduction targets aligned with the Paris Agreement. The targets cover not only the Group but also its value chain and have been approved as a Science Based Target for reducing greenhouse gas emissions based on scientific grounds. The company is currently working on scenario analysis.」
The company announced Environmental Plan 2030, obtained Science Based Target approval for greenhouse gas reduction targets covering its value chain, and began scenario analysis. - FY2018First statedAnnual report
「Climate change resulting from global warming causes various types of damage, including flooding, inundation and landslides caused by extreme weather such as torrential rain; extreme heat, heavy snowfall and drought caused by abnormal weather patterns; changes in water resources; and loss of biodiversity. Climate change may adversely affect the Group's performance not only through its direct impact on the Group but also through damage to the Group's value chain.」
The company separately described, for the first time, the risks posed by extreme weather caused by climate change and impacts on water resources and biodiversity to the performance of the Company and its value chain. It also identified greenhouse gas reductions, scenario analysis and consideration of setting Science Based Targets as responses.