Impact of Climate Change on Raw-Material Procurement and Carbon Costs
First written in FY2022. 1 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 4 of 17 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Update to the climate change impact assessmentAnnual report
「As a result of the assessment based on the new criteria, no risks were identified as falling into the "high" category.」
The company continued its quantitative and qualitative assessment based on the 4°C and 1.5°C scenarios and revised the impact assessment criteria. An impact of ¥2 billion or more was classified as "high," ¥1 billion or more but less than ¥2 billion as "medium," and less than ¥1 billion as "low." It disclosed that no risks fell into the "high" category this time. - FY2024Refinement of climate change scenario analysis and impact assessmentAnnual report
「The company is assessing impacts from both quantitative and qualitative perspectives under two future-world scenarios, a "4°C scenario" and a "1.5°C scenario."」
For climate change risks, the company conducted quantitative and qualitative analyses using 4°C and 1.5°C scenarios and assessed impacts as of 2030 and 2050. It also disclosed the risk time horizon and impact level. - FY2023RestatedAnnual report
「Changes in weather patterns, including global warming, may have a significant impact on the procurement of raw materials for the food-related and food-ingredient businesses. In addition, if measures such as a carbon tax or emissions trading scheme are introduced to mitigate climate change, new costs may arise to address them, potentially affecting the performance of the group. The Sustainability Committee is leading consideration of the assessment of climate change impacts and related information disclosure.」
The company continues to recognize climate change risks related to raw-material procurement and carbon costs and is considering impact assessment and information disclosure led by the Sustainability Committee. - FY2022First statedAnnual report
「Changes in weather patterns, including global warming, may have a significant impact on the procurement of raw materials for the food-related and food-ingredient businesses. In addition, if measures such as a carbon tax or emissions trading scheme are introduced to mitigate climate change, new costs may arise to address them, potentially affecting the performance of the group.」
The company has disclosed for the first time, as a standalone risk, the impact of climate change on raw-material procurement and the additional costs associated with introducing a carbon tax or emissions trading scheme.