Business constraints arising from the introduction of CO2 emissions regulations
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The GHG emissions reduction target under the Eighth Medium-Term Management Plan has been set at “24% in fiscal 2027”(*). We will continue working toward the target of “at least 30% reduction in fiscal 2030.”」
The targets of a 24% reduction in fiscal 2027, at least 30% reduction in fiscal 2030 and carbon neutrality in 2050, along with measures including innovative electric arc furnaces and the large-scale supply of GX steel, remain in place. - FY2025RaisedAnnual report
「The GHG emissions reduction target under the Eighth Medium-Term Management Plan has been set at “24% in fiscal 2027”(*). We will continue working toward the target of “at least 30% reduction in fiscal 2030.”」
In addition to the previous targets of an 18% reduction in fiscal 2024 and at least 30% reduction in fiscal 2030, an interim target of a 24% reduction in fiscal 2027 has been set. Starting with the Eighth Medium-Term Management Plan, the target has been reframed to cover GHG emissions. - FY2024RestatedAnnual report
「The Group has set management targets of reducing CO2 emissions by approximately 18% by the end of fiscal 2024 and by at least 30% in fiscal 2030 from fiscal 2013 levels, and aims to achieve carbon neutrality in 2050,」
Climate change response is treated as an important issue affecting business sustainability, with ongoing targets of approximately 18% reduction in fiscal 2024, at least 30% reduction in fiscal 2030 and carbon neutrality in 2050. - FY2023RestatedAnnual report
「The Group operates steel manufacturing processes that emit substantial volumes of CO2 and recognizes its response to climate change as an extremely important management issue affecting the sustainability of the Group's business.」
Climate change response is treated as an important issue affecting business sustainability, with ongoing targets of reducing emissions by at least 30% by 2030 and achieving carbon neutrality by 2050. - FY2022WorsenedAnnual report
「The Group operates steel manufacturing processes that emit substantial volumes of CO2 and recognizes its response to climate change as an extremely important management issue affecting the sustainability of its business.」
The future risks associated with CO2 regulations and carbon pricing have been further clarified as risks affecting competitiveness, customer transactions, financing and business sustainability. - FY2021WorsenedAnnual report
「The Group operates steel manufacturing processes that emit substantial volumes of CO2 and recognizes its response to climate change as an extremely important management issue affecting the sustainability of its business.」
The risk has been clarified as a business continuity risk, including impacts on competitiveness, customer transactions and financing if the Group's response is inadequate, rather than solely a future CO2 regulation and carbon pricing risk. - FY2020ReframedAnnual report
「If carbon pricing or similar measures expected to be introduced in the future are adopted across the major emitting countries, the resulting cost increases are expected to be reflected in steel product prices in Japan and overseas, allowing the Group to maintain its cost competitiveness. However, if carbon pricing is not adopted across the major emitting countries, the resulting increase in Japanese steel prices relative to those in other countries could affect the Group's operating performance and other matters.」
The previous explanation of the risk from total CO2 emissions regulations has been made more specific and reframed as the risk of higher Japanese steel prices resulting from differences in how carbon pricing is introduced. - FY2018RestatedAnnual report
「If regulations concerning total CO2 emissions or other matters are introduced in Japan in the future, the Group's business activities, particularly its steel business, could be constrained, affecting its operating performance and other matters.」
While continuing efforts to reduce CO2 emissions, the Group reiterates the risk of business constraints resulting from future total-emissions regulations. - FY2017RestatedAnnual report
「As part of its efforts to prevent global warming, the Group is actively working to reduce CO2 emissions based on the Japan Iron and Steel Federation's Low Carbon Society Action Plan. However, if regulations concerning total CO2 emissions or other matters are introduced in Japan in the future, the Group's business activities, particularly its steel business, could be constrained, affecting its operating performance and other matters.」
While continuing efforts to reduce CO2 emissions, the Group reiterates the risk of business constraints resulting from future total-emissions regulations. - FY2016First statedAnnual report
「As part of its efforts to prevent global warming, the Group is actively working to reduce CO2 emissions based on the Japan Iron and Steel Federation's Low Carbon Society Action Plan. However, if regulations concerning total CO2 emissions or other matters are introduced in Japan in the future, the Group's business activities, particularly its steel business, could be constrained, affecting its operating performance and other matters.」
While advancing measures under the Low Carbon Society Action Plan, the Group identifies future regulations on total CO2 emissions as an external risk.