Business Burden from Climate Change Responses and Carbon Pricing
First written in FY2021. 2 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2026.
S E moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 12 of 74 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Although completion during fiscal 2025 had been set as the milestone target, it has been changed to completion during fiscal 2027.」
The system for calculating GHG emissions through Scope 3 was not established during fiscal 2025, and the completion target has been deferred to fiscal 2027. - FY2025MaterialisedAnnual report
「As a milestone for the sustainability project carried out in fiscal 2024, the Group set the establishment of a system for calculating GHG emissions through Scope 3 as a target and built and attempted to implement the planned calculation process. However, numerous issues requiring resolution, including data readiness and procedures, prevented the Group from establishing a consistent calculation across the entire Group by the end of 2024. The Group continues to develop the system and has set completion during fiscal 2025 as its milestone target.」
The Group explicitly states that establishment of the system for calculating GHG emissions was not completed by the end of 2024 and has deferred the completion target to fiscal 2025. - FY2024WorsenedAnnual report
「The Group has been slow to address greenhouse gas emissions generated in its own business processes and has not yet set target values. As a milestone for the sustainability project to be carried out in fiscal 2024, the Group plans to establish a system for calculating CO2 emissions through Scope 3.」
Regarding action on climate change, while advancing power generation and other businesses as business opportunities, the Group states that measuring and reducing its own emissions has been delayed and that target values have not been set. - FY2023RestatedAnnual report
「Failure to respond appropriately to changes in the business environment related to global warming could have a significant impact on corporate sustainability.」
Regarding action on global warming, the Group continues to monitor power generation and other businesses as business opportunities, while recognizing the risk of corporate burdens, including regulatory and disclosure requirements. - FY2022WorsenedAnnual report
「Over the medium term, favorable demand conditions for disaster prevention and mitigation and strengthening national resilience are expected to continue. At the same time, while stronger action on global warming, including achieving carbon neutrality, can be viewed as an opportunity to leverage the Group's decarbonization innovations, it will also be necessary to address the increased burden of environmental measures.」
While viewing action toward carbon neutrality as an opportunity for decarbonization innovation, the Group has identified the increased burden of environmental measures as a risk that must be addressed. - FY2021First statedAnnual report
「These developments pose a risk of imposing a significant burden on the Group's corporate activities in the future.」
The Group identifies higher and accelerated CO2 emissions-reduction targets in various countries, assessments of climate action by institutional investors and carbon pricing as an independent external-environment risk that could burden corporate activities.