Physical and Transition Risks from Climate Change
First written in FY2022. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The scenario analysis used the Representative Concentration Pathways (RCP8.5) published by the Intergovernmental Panel on Climate Change (IPCC) and the Net Zero Emissions by 2050 Scenario (NZE) published by the International Energy Agency (IEA), among others, to assess the impact on the Group's business activities under assumptions that the temperature by the end of this century rises by 4°C and that the rise in temperature is limited to 1.5°C.」
For climate change risks, the Company continues to conduct 4°C and 1.5°C scenario analysis using RCP8.5 and NZE and is assessing the impact on business activities. - FY2024AdvancedAnnual report
「The scenario analysis used the Representative Concentration Pathways (RCP8.5) published by the Intergovernmental Panel on Climate Change (IPCC) and the Net Zero Emissions by 2050 Scenario (NZE) published by the International Energy Agency (IEA), among others, to assess the impact on the Group's business activities under assumptions that the rise in global temperature by the end of this century is limited to 1.5°C and that it rises by 4°C.」
For climate change risks, the Company conducted scenario analysis using 1.5°C and 4°C scenarios and progressed to assessing the impact on business activities. - FY2022First statedAnnual report
「In addition to physical risk, such as an increase in natural disasters caused by climate change, factors including the introduction of a carbon tax and higher expenses associated with switching to renewable electricity may also constitute risk factors related to the transition to a decarbonized society.」
As part of identifying and disclosing risks and opportunities in line with the TCFD recommendations, the disclosure for the first time separately identifies physical risks, such as natural disasters, and transition risks, such as carbon taxes and the cost of switching to renewable energy, as risks.