Climate Change Scenario Analysis and Business Resilience Assessment
First written in FY2023. 1 of 3 entries say "Reframed", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In addition to switching approximately 70% of the electricity used at our domestic manufacturing sites to green electricity, we are reducing transport-related emissions by implementing joint transportation and promoting the use of more transport-efficient methods. We are also implementing flood-control measures as appropriate to prepare for large-scale flooding that could affect operations, while establishing systems for producing the same products at multiple sites and diversifying our sources of procurement.」
Climate change scenario analysis has been translated into specific business resilience measures, including green electricity, improved transport efficiency, flood-control measures, production at multiple sites and diversified procurement sources. - FY2024ReframedAnnual report
「Based on climate change scenarios from the IEA (International Energy Agency) and the IPCC (Intergovernmental Panel on Climate Change), comprising a 1.5°C scenario and a 4°C scenario, we examine the long-term impact on the Company through 2050 and formulate measures in response.」
The assumptions for the climate change scenario analysis have changed from the previous below-2°C and 4°C scenarios to 1.5°C and 4°C scenarios. The assessment of impacts through 2050 and the formulation of response measures are continuing. - FY2023First statedAnnual report
「Our group views climate change as one of its medium- to long-term risks and conducts scenario analysis to assess the resilience of our strategy to related risks and opportunities. Based on climate change scenarios from the IEA (International Energy Agency) and the IPCC (Intergovernmental Panel on Climate Change), comprising a below-2°C scenario and a 4°C scenario, we examine the long-term impact on the Company through 2050 and formulate measures in response.」
A framework for analyzing the impact of climate change through 2050 and formulating measures in response, using below-2°C and 4°C scenarios, has been disclosed for the first time, with climate change treated as a medium- to long-term risk.