Identification of climate-related risks and opportunities and scenario analysis under the TCFD framework
First written in FY2023. 2 of 7 entries say "Advanced", first in FY2024. Latest entry: FY2026.
2 other companies' latest entry also says "Other".
- FY2026CDP assessment obtainedAnnual report
「We also received a B rating for our response to climate change from CDP, an international non-governmental organization that promotes the disclosure of information on the environmental activities of major companies worldwide.」
The company continues to identify climate change-related risks and opportunities and conduct scenario analysis based on the TCFD recommendations, and received a B rating from CDP for its response to climate change. - FY2025ReframedAnnual report
「Reduce CO2 emissions (Scope 1 and 2) by 50% by fiscal 2030 (compared with the fiscal year ended February 2024) (Note 1)」
The CO2 reduction target remains in place, but the base year was changed from fiscal 2021 to the fiscal year ended February 2024, and the reduction achieved in the current fiscal year is still under review. The TCFD and scenario analysis frameworks themselves remain unchanged. - FY2024AdvancedAnnual report
「We collect and analyze data under the TCFD framework on the impact of climate change on our business activities and earnings, identify “risks” and “opportunities,” and work to verify the resilience of our strategy through scenario analysis. In conducting this analysis, we refer to climate change scenarios developed by the IEA (International Energy Agency) and the IPCC (Intergovernmental Panel on Climate Change), including a below-2°C scenario and a 4°C scenario, and conduct scenario analysis focused primarily on our domestic apparel and fashion accessories manufacturing and retail operations, taking into account the long-term impact on the company through 2050. CO2 emissions (Scopes 1 and 2): 50% reduction by fiscal 2030 (compared with fiscal 2021) CO2 emissions (per apparel item): 20% reduction by fiscal 2030 (compared with fiscal 2021)」
The company’s TCFD response advanced to analysis considering the impacts through 2050 under the below-2°C and 4°C scenarios. It also set targets to reduce Scope 1 and 2 emissions by 50% by fiscal 2030 and emissions per garment by 20%. - FY2023First statedAnnual report
「For the current fiscal year, we collected and analyzed the necessary data on the impact of climate-related risks and revenue opportunities on our business activities and earnings under the TCFD framework, identified the risks and opportunities, verified our strategy through scenario analysis and disclosed the results.」
For the first time, specific descriptions were provided of data collection and analysis, identification, scenario analysis and disclosure under TCFD concerning climate-related risks and revenue opportunities.