Risk of Business Restrictions Due to Changes in Environmental Regulations and Laws
First written in FY2016. 1 of 4 entries say "Restated". Latest entry: FY2022.
Osaka Organic Chemical Industry moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
5 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「The performance of the Company and its subsidiaries may be affected by increased costs for processing waste if damage arises from environmental pollution or reputational damage, or if the volume of waste increases. In addition, if new legal and social responsibilities arise in connection with climate change and the transition to a decarbonized society, the performance of the Company and its subsidiaries may be affected by increased costs for measures to comply with laws and regulations and other requirements.」
The explanation of legal and regulatory risk was reorganized as environmental and climate-change risk, covering not only changes in laws and regulations related to chemical substances, but also the costs and responsibilities associated with environmental pollution, waste, climate change and the transition to a decarbonized society. - FY2021WorsenedAnnual report
「If major changes to or tighter regulation of laws and regulations concerning chemical substances in Japan and overseas restrict the business activities of the Company and its subsidiaries, including production activities, their performance may be affected. In addition, if new legal and social responsibilities arise in connection with climate change and the transition to a decarbonized society, the performance of the Company and its subsidiaries may be affected by increased costs for measures to comply with laws and regulations and other requirements.」
In addition to the existing risks related to chemical substance regulations, the Company explicitly identifies the risks of legal and social responsibilities and related costs associated with climate change and the transition to a decarbonized society. - FY2018RestatedAnnual report
「However, the businesses of the Company and its subsidiaries may be restricted, or costs may be incurred to comply with such changes, as a result of stronger environmental regulations or changes in laws and regulations in the countries and regions concerned and the resulting emergence of new social responsibilities. These factors may affect the operating results and financial condition of the Company and its subsidiaries.」
The Company continues to disclose the risks of business restrictions and compliance costs arising from stronger environmental regulations and changes in laws and regulations. - FY2016First statedAnnual report
「However, the businesses of the Company and its subsidiaries may be restricted, or costs may be incurred to comply with such changes, as a result of stronger environmental regulations or changes in laws and regulations in the countries and regions concerned and the resulting emergence of new social responsibilities. These factors may affect the operating results and financial condition of the Company and its subsidiaries.」
The Company identifies the possibility of business restrictions and compliance costs arising from stronger environmental regulations and changes in laws and regulations in Japan and overseas as risks.