Transition and Physical Risks from Climate Change
First written in FY2022. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2025.
28 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「With reference to the NZE scenario and the IPCC, we selected 2 scenarios in which the average global temperature rises by +1.5°C and +4.0°C, respectively, compared with pre-industrial levels, and conducted an analysis of the detached housing business and the forestry business based on an assessment of materiality.」
In addition to continuing its 1.5°C and 4.0°C scenario analyses, the company discloses the short-, medium- and long-term financial impacts of carbon taxes, insulation standards, mandatory ZEH adoption, the supply chain, and forests. - FY2024RestatedAnnual report
「With reference to the NZE scenario and the IPCC, we selected 2 scenarios in which the average global temperature rises by +1.5°C and +4.0°C, respectively, compared with pre-industrial levels, and conducted an analysis of the detached housing business and the forestry business based on an assessment of materiality.」
The company continues its climate change analysis of the detached housing and forestry businesses under the 1.5°C and 4.0°C scenarios. - FY2023AdvancedAnnual report
「Our group recognizes climate change-related risks as an important issue that could significantly affect business activities. With reference to the NZE scenario and the IPCC, we selected 2 scenarios in which the average global temperature rises by +1.5°C and +4.0°C, respectively, compared with pre-industrial levels, and conducted an analysis of the detached housing business and the forestry business based on an assessment of materiality.」
The company describes a specific assessment stage for climate change risks, having selected 2 scenarios, +1.5°C and +4.0°C, and analyzed the detached housing and forestry businesses. - FY2022First statedAnnual report
「Transition risks related to climate change are expected to include changes in policy trends, such as stricter regulations including carbon taxes, declining demand for companies unable to adapt to a low-carbon society, and reputational deterioration. Physical risks are expected to include costs arising from increasingly severe natural disasters, more severe extreme weather, changes in rainfall and weather patterns, and rising average temperatures, as well as lost opportunities from production stoppages and health problems among construction workers, including heatstroke.」
For climate change, the company has systematically described transition risks, including tighter regulations, declining demand and reputational deterioration, and physical risks, including increasingly severe natural disasters, extreme weather and heatstroke, as major risks for the first time.