Analysis and Disclosure of Climate Change Risks and Opportunities Based on the TCFD Recommendations
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「To ensure that its disclosures reflect changes in business conditions, the Group revised the contents of its disclosures during the consolidated fiscal year under review.」
The Group updated its climate-related disclosures following its support for the TCFD Recommendations, specifying the below-2°C and 4°C scenarios, expected timing, magnitude of financial impacts, and response measures for each transition risk, physical risk and opportunity. - FY2025AdvancedAnnual report
「The Group regards the impact of climate change on the economy and society as an important management issue. Based on the framework of the TCFD Recommendations, it broadly examines the risks and opportunities posed by climate change and identifies those it considers particularly significant. It also conducted scenario analyses of the financial impact of each risk and opportunity on the Group under a below-2°C scenario, in which responses to climate change and regulation are expected to advance, and a 4°C scenario, in which increasingly severe disasters and the spread of infectious diseases are expected to become more serious.」
Following its support for the TCFD Recommendations, the Group proceeded to analyze and disclose the financial impacts, expected timing, amounts of financial impact and response measures under below-2°C and 4°C scenarios. - FY2023AdvancedAnnual report
「The Group announced its support for the TCFD Recommendations in February 2023.」
After announcing its support for the TCFD Recommendations, the Group proceeded to disclose its analysis of climate-related risks and opportunities under below-2°C and 4°C scenarios, their financial impacts, expected timing and response measures. - FY2022First statedAnnual report
「The Group recognizes the risks that climate change poses to financial markets and will further advance its climate change initiatives. It will continue to analyze and discuss information disclosure based on the TCFD Recommendations and expand its disclosures in stages.」
The Group disclosed for the first time its policy of expanding scenario analysis of climate-related risks and opportunities, risk management and information disclosure based on the 4 elements of the TCFD Recommendations.