Risks of adapting to decarbonization and a circular economy
First written in FY2021. 1 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「Climate change risks ・Higher operating costs associated with the transition to a decarbonized society ・Reduced competitiveness of existing products and lower sales ・Declines in enterprise value and creditworthiness due to delays in responding to climate change」
The costs associated with the transition to a decarbonized society, product competitiveness and the impact on corporate value continue to be disclosed as risks, with GHG reduction and the development of environmentally friendly products identified as responses. - FY2023ReframedAnnual report
「Climate change risks: higher operating costs and reduced competitiveness of existing products associated with the transition to a decarbonized society, lower sales, and declines in enterprise value and creditworthiness due to delays in responding to climate change」
The company has reorganized the risks of adapting to decarbonization and a circular society as climate change risks, focusing on operating costs associated with the transition, the competitiveness of existing products, and credit deterioration caused by delays in responding. - FY2021First statedAnnual report
「Adapting to decarbonization and a circular society ・Difficulty procuring petrochemical feedstocks and higher prices ・Higher manufacturing costs related to CO₂ reduction, including carbon taxes, and reduced product competitiveness ・Declines in enterprise value and creditworthiness due to delays in responding to earlier implementation or tightening of CO₂ reduction regulations ・Formulation of plans to reduce CO₂ emissions associated with plant operations ・Promoting the transition to renewable energy use ・Implementing long-term initiatives toward carbon neutrality across all corporate activities ・Promoting product development based on carbon neutrality」
The company identified adaptation to decarbonization and a circular society as a standalone risk for the first time, describing the effects of petrochemical feedstocks, carbon taxes, tighter regulations, and competitiveness, along with countermeasures.