Higher costs due to tighter environmental regulations
First written in FY2016. 6 of 11 entries say "Restated". Latest entry: FY2026.
Nippon Carbide Industries Company moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
4 other companies' latest entry also says "Other".
- FY2026Greater specificity in climate change risk responsesAnnual report
「In response to the carbon tax scheduled to take effect from fiscal 2028 and higher energy costs, the Group is working to improve energy efficiency and contain costs by promoting energy-saving activities, switching to renewable energy and introducing solar power generation equipment.」
For climate change risks, the Group has specified the carbon tax from fiscal 2028 and detailed response measures including energy conservation, renewable energy, solar power generation, investment plans and BCP. - FY2025ReframedAnnual report
「As a result, the Group recognized the introduction of a carbon tax, higher energy costs, increased investment in renewable energy and energy-saving equipment, and damage to facilities caused by increasingly severe natural disasters as risks. It also recognized increased demand for decarbonization equipment and zero-carbon steel, expanding EV-related demand and increased demand for hydrogen fuel production equipment as opportunities, and is continuously assessing their potential impacts and considering measures.」
The Group has organized the risk of higher costs due to environmental regulations as part of its TCFD response, including climate change risks such as carbon taxes, investment in renewable energy and energy-saving measures, and natural disasters, as well as opportunities involving decarbonization equipment, EVs and hydrogen. - FY2024ReframedAnnual report
「The Group aims to grow sustainably alongside society by contributing to addressing the impacts of climate change, mitigation and climate-related challenges, and recognizes climate change response as a key sustainability issue. It examined risks and opportunities under scenarios of average temperature increases of "4°C" and "below 2°C."」
In addition to the risk of higher environmental regulatory costs, the Group has broadened its disclosure to include consideration of climate change risks and opportunities under 4°C and below-2°C scenarios, in line with the TCFD framework. - FY2023RestatedAnnual report
「The Group recognizes the introduction of a carbon tax, higher energy costs and damage to facilities caused by increasingly severe natural disasters as climate change risks. It recognizes increased demand for decarbonization equipment and zero-carbon steel, as well as expanding demand related to EVs, as opportunities. The Group will continue to respond promptly to changes in climate policies and other measures to reduce these risks.」
In addition to environmental regulatory costs, the Group continues to identify carbon taxes, energy costs and increasingly severe natural disasters as climate change risks, and decarbonization equipment, zero-carbon steel and EV demand as opportunities. - FY2022ReframedAnnual report
「The Group recognizes the introduction of a carbon tax, higher energy costs and damage to facilities caused by increasingly severe natural disasters as climate change risks. It recognizes increased demand for decarbonization equipment and zero-carbon steel, as well as expanding demand related to EVs, as opportunities. The Group will continue to respond promptly to changes in climate policies and other measures to reduce these risks.」
In addition to the risk of higher costs due to environmental regulations, the Group has organized climate change risks as carbon taxes, energy costs and natural disasters, and opportunities as demand for decarbonization equipment, zero-carbon steel and EVs. - FY2021RestatedAnnual report
「The Group, which is primarily engaged in manufacturing, is working to reduce its environmental impact by improving production efficiency and to conserve resources and energy. However, environmental regulations are being strengthened and reviewed each year, and depending on their content, costs associated with manufacturing, storage and disposal could arise and affect the Group's operating results, financial position and future performance.」
The Group continues its efforts to reduce its environmental impact and identifies the risk of higher costs resulting from tighter environmental regulations. - FY2020RestatedAnnual report
「The Group, which is primarily engaged in manufacturing, is working to reduce its environmental impact by improving production efficiency and to conserve resources and energy. However, environmental regulations are being strengthened and reviewed each year, and depending on their content, costs associated with manufacturing, storage and disposal could arise and affect the Group's operating results, financial position and future performance.」
The Group continues its efforts to reduce its environmental impact and identifies the risk of higher costs resulting from tighter environmental regulations. - FY2019RestatedAnnual report
「The Group, which is primarily engaged in manufacturing, is working to reduce its environmental impact by improving production efficiency and to conserve resources and energy. However, environmental regulations are being strengthened and reviewed each year, and depending on their content, costs associated with manufacturing, storage and disposal could arise and affect the Group's operating results and financial position.」
Alongside its efforts to reduce its environmental impact, the Group reiterates the risk of higher costs resulting from tighter environmental regulations. - FY2018RestatedAnnual report
「The Group, which is primarily engaged in manufacturing, is working to reduce its environmental impact by improving production efficiency and to conserve resources and energy. However, environmental regulations are being strengthened and reviewed each year, and depending on their content, costs associated with manufacturing, storage and disposal could arise and affect the Group's operating results and financial position.」
Alongside its efforts to reduce its environmental impact, the Group reiterates the risk of higher costs resulting from tighter environmental regulations. - FY2017RestatedAnnual report
「The Group, which is primarily engaged in manufacturing, is working to reduce its environmental impact by improving production efficiency and to conserve resources and energy. However, environmental regulations are being strengthened and reviewed each year, and depending on their content, costs associated with manufacturing, storage and disposal could arise and affect the Group's operating results and financial position.」
Alongside its efforts to reduce its environmental impact, the Group reiterates the risk of higher costs resulting from tighter environmental regulations. - FY2016First statedAnnual report
「Environmental regulations are being strengthened and reviewed each year, and depending on their content, costs associated with manufacturing, storage and disposal could arise and affect the Group's operating results and financial position.」
While advancing its environmental initiatives, the Group discloses the risk of higher manufacturing, storage and disposal costs resulting from tighter regulations.