Costs and Reputational Damage from Tighter Environmental Regulations and Legal Violations
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2022: 2 of 7 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「As measures to address environmental issues are expected to be strengthened, new laws and regulations may be imposed in the future.」
The Company reiterates the risk of additional costs and an impact on operating results from tighter environmental laws and regulations. - FY2018RestatedAnnual report
「As part of its CSR management, the Group positions legal compliance as one of its key pillars, while establishing the necessary systems and working to improve the morale of each employee.」
The Company continues to address environmental regulation and legal compliance risks through CSR management, systems for legal compliance and efforts to improve employee morale. - FY2017MaterialisedAnnual report
「For example, in a past case in which the Chiba Refinery received administrative sanctions under the High Pressure Gas Safety Act from the former Nuclear and Industrial Safety Agency of the Ministry of Economy, Trade and Industry and other authorities, additional maintenance costs were incurred, affecting operating results.」
For environmental and regulatory risks, the Company provides a specific example of an administrative sanction, additional maintenance costs and an impact on operating results. - FY2016First statedAnnual report
「The Company recognizes that new laws, regulations and taxes may be imposed as measures to address environmental issues are expected to be strengthened.」
The Company regards increased regulatory compliance costs, administrative sanctions, disruption to business operations and a decline in brand image as risks.