Risks associated with delayed responses to environmental issues, substitution of environmentally burdensome materials, and carbon pricing
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2023.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The medium-term management challenge “Project AP-G 2025” sets out the expansion of the Sustainability Innovation (SI) business as described in ① through ④ below, and the Group will contribute to the sustainable development of society through its growth and by increasing its value-chain CO2 reduction contribution.」
The risks of delayed responses to environmental issues, substitution with materials having high environmental burdens and carbon pricing continue to be identified, with expansion of the SI business and KPIs serving as countermeasures. - FY2021RestatedAnnual report
「The Toray Group Sustainability Vision states, including through its FY2030 KPIs, that the Group will make every effort not to have a negative impact on global sustainability. In 2021, the Group established a Sustainability Committee to further accelerate these initiatives, but amid growing concern over global climate action and rising expectations of companies, the following risks may increase.」
The risks of delayed responses to environmental issues, substitution with materials having high environmental burdens and carbon pricing continue to be identified, while the establishment of the Sustainability Committee has been added as part of the response structure. - FY2020First statedAnnual report
「The Group has formulated the Toray Group Sustainability Vision and stated, including through its FY2030 KPIs, that it will provide solutions to a range of global issues, including climate change, water shortages and resource depletion, while making every effort not to have a negative impact on global sustainability. However, amid growing concern over global climate action and rising expectations of companies, the following risks may increase.」
Environmental issues were newly established as a standalone risk category, citing reputational deterioration in the petrochemical industry, substitution with materials having lower environmental burdens, and the global introduction of carbon pricing.