Risk of tighter environmental laws and regulations
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2023.
Nihon Tokushu Toryo moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
18 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Specifically, a specialized carbon neutrality project has been established across business and operating divisions, and consideration of measures and responses concerning climate change is under way.」
A response structure for climate change risks has been established, including a company-wide specialized project, a Sustainability Committee, and sharing of information with the Board of Directors. - FY2022WorsenedAnnual report
「The Group recognizes that climate change caused by global warming resulting from increased greenhouse gas emissions, as well as the policies and measures taken by governments and regional authorities in response, could significantly affect its business strategy, including through their impact on the market environment and customer needs. Depending on their nature and extent, these factors could adversely affect the Group's operating results and financial position.」
The risk of tighter environmental regulations is articulated as a climate-related risk encompassing climate change, government policies in various countries, and impacts on the market environment and customer needs. - FY2021WorsenedAnnual report
「Among environmental regulations, the Group recognizes that legal regulations concerning climate change, as well as the policies and measures adopted by national and local governments in response, could significantly affect its business strategy, including through their impact on the market environment and customer needs. The Group is therefore promoting sales of automotive soundproofing materials that contribute to vehicle weight reduction and lower fuel consumption and reduce waste such as discarded clothing, as well as heat-shielding paints that help prevent temperature increases inside buildings when applied to roofs and other surfaces, while working to strengthen various measures aimed at rationalizing and reducing its own energy use.」
In addition to the existing environmental regulatory risks, climate change regulations, greenhouse gas reductions, and the rationalization of energy use are explicitly identified, broadening the scope of the risks and responses addressed. - FY2020RestatedAnnual report
「In response to these legal regulations, we conduct advance risk reviews and assessments and formulate and implement business strategies and risk response measures, rather than responding only after the fact.」
The policy of conducting advance assessments and formulating business strategies and response measures in response to the risk of tighter environmental laws and regulations continues. - FY2019RestatedAnnual report
「Social demands for environmental protection are increasing year by year, and related laws and regulations are becoming increasingly stringent. If these legal regulations are tightened or new regulations are introduced in the future, the Group's business activities could be restricted and compliance costs could increase.」
The risks of tighter environmental laws and regulations, restrictions on business activities, and higher compliance costs are reiterated. - FY2018RestatedAnnual report
「Social demands for environmental protection are increasing year by year, and related laws and regulations are becoming increasingly stringent. If these legal regulations are tightened or new regulations are introduced in the future, the Group's business activities could be restricted and compliance costs could increase.」
The risks of tighter environmental laws and regulations, restrictions on business activities, and higher compliance costs are reiterated. - FY2017RestatedAnnual report
「Social demands for environmental protection are increasing year by year, and related laws and regulations are becoming increasingly stringent. If these legal regulations are tightened or new regulations are introduced in the future, the Group's business activities could be restricted and compliance costs could increase.」
The risk of tighter environmental laws and regulations, restrictions on business activities, and higher compliance costs is reiterated. - FY2016First statedAnnual report
「Social demands for environmental protection are increasing year by year, and related laws and regulations are becoming increasingly stringent. If these legal regulations are tightened or new regulations are introduced in the future, the Group's business activities could be restricted and compliance costs could increase.」
Tighter environmental regulations and higher compliance costs are identified as business risks.