Climate Change Risks Related to Raw Materials, Natural Disasters and Regulatory Costs
First written in FY2021. 7 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The financial burden is expected to increase due to higher carbon tax rates and higher renewable energy surcharges as transition risks arising from climate change, and the combined impact is estimated at approximately ¥3.3 billion. As a physical risk under the 4°C scenario, the company assumes equipment damage of ¥7.7 billion if a typhoon occurring once every 500 to several thousand years destroys a levee and floods a coastal plant, and has established a business continuity plan.」
For climate change risks, the company disclosed the estimated financial burden of approximately ¥3.3 billion from carbon taxes and renewable energy surcharges, and equipment damage of ¥7.7 billion from storm surges, in addition to 1.5°C, 2°C and 4°C scenario analyses. - FY2025AdvancedAnnual report
「The Group has identified the transition risks, physical risks and opportunities arising from climate change based on 1.5°C and 2°C scenarios that could achieve the transition to a decarbonized society, and a 4°C scenario in which climate change progresses, as follows.」
The company continues to identify climate-related risks and opportunities based on multiple scenarios, specifying such factors as switching raw materials, disaster preparedness, BCP measures and demand for cleantech-related products. - FY2024AdvancedAnnual report
「The Group has identified the transition risks, physical risks and opportunities arising from climate change based on 1.5°C and 2°C scenarios that could achieve the transition to a decarbonized society, and a 4°C scenario in which climate change progresses, as follows.」
The company conducted 1.5°C, 2°C and 4°C scenario analyses for climate change and specifically identified tighter regulations, higher raw material prices, natural disasters, and impacts on production sites and the supply chain, among other factors. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there has been no new occurrence or material change in climate change risks concerning raw materials, disasters and regulatory costs. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change is treated as having arisen in relation to climate change risks concerning raw materials, disasters and regulatory costs. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change is treated as having arisen in relation to climate change risks concerning raw materials, disasters and regulatory costs. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change is treated as having arisen in relation to climate change risks concerning raw materials, disasters and regulatory costs. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change is treated as having arisen in relation to climate change risks concerning raw materials, disasters and regulatory costs. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change is treated as having arisen in relation to climate change risks concerning raw materials, disasters and regulatory costs. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change is treated as having arisen in relation to climate change risks concerning raw materials, disasters and regulatory costs. - FY2021First statedAnnual report
「In recent years, the impacts of climate change have become a common global challenge. Going forward, the risks in (3), (4), (6) and (9) above may materialize as climate change progresses. In addition, if new measures such as a carbon tax or emissions trading scheme are introduced, the resulting increase in compliance costs and other factors may affect the performance and financial position of the Group.」
Climate change was disclosed for the first time as an independent principal risk, with potential spillover effects on raw material prices, raw material procurement, accidents and natural disasters, and tighter regulations, as well as the possibility of increased compliance costs due to a carbon tax and emissions trading scheme.