Climate-Related Disclosure Based on the TCFD Recommendations
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Group defined changes in the society surrounding the Group in 2050 under 1.5°C, below 2°C, and 4°C scenarios, and analyzed and identified the risks and opportunities under each scenario together with their potential impact on management and likelihood of materialization.」
Climate-related disclosure was expanded from the previous 2°C-or-below and 4°C scenarios to 1.5°C, below 2°C, and 4°C scenarios, with the analysis of risks and opportunities through 2050 and related measures continuing. - FY2023AdvancedAnnual report
「The Group defined changes in the society surrounding the Group in 2050 under 2°C-or-below and 4°C scenarios, and analyzed and identified the risks and opportunities under each scenario together with their potential impact on management and likelihood of materialization. The 15 risks and opportunities identified under the 2°C-or-below scenario and the 10 identified under the 4°C scenario were further organized into 6 categories: carbon costs, energy costs, raw material price inflation, product markets, natural disaster costs, and working conditions.」
The Company progressed from the stage of supporting the TCFD and establishing its framework to conducting scenario analysis based on 2°C-or-below and 4°C scenarios through 2050, and disclosing a total of 25 risks and opportunities organized into 6 categories. - FY2022AdvancedAnnual report
「In addition, the Company reviewed its risk management framework, established a Risk Management Committee and a Climate Change Subcommittee, and discloses information on risks and revenue opportunities after conducting scenario analysis of the impact of climate change on its business activities based on the TCFD framework.」
The Company progressed from expressing support for the TCFD and establishing a project team to establishing the Risk Management Committee and Climate Change Subcommittee, conducting scenario analysis, and disclosing information. - FY2021First statedAnnual report
「In addition, in April 2021 the Company announced its support for the Task Force on Climate-related Financial Disclosures (TCFD) and established a cross-functional project team to consider responses and measures based on the TCFD recommendations.」
The Company first disclosed its support for the TCFD and the establishment of a cross-functional project team to examine climate change risks and opportunities.