Competitive Disadvantage and Loss of Opportunities Due to Delays in Addressing Climate Change
First written in FY2022. 2 of 5 entries say "Advanced", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「・Active participation in third-party initiatives related to climate change response, including certification from ASI (Aluminium Stewardship Initiative) and participation in the GX League. Preparation has begun for consideration of compliance with ISSB standards. The company is considering the transition to implementation of an emissions trading scheme following the enactment of the GX Promotion Act.」
As part of its response to climate change risks, the company has begun preparing to consider compliance with ISSB standards and addressing the emissions trading scheme, in addition to participating in ASI and the GX League. - FY2025AdvancedAnnual report
「From fiscal 2024, we have established the cross-group Environmental Committee to promote environmental initiatives and raise employees’ environmental awareness.」
The company manages climate change response as an environmental materiality integrated with the circular economy and nature positive, through its integration into the Environmental Committee and targets for Scope 1, 2 and 3 emissions, recycling rates and water withdrawals. - FY2024ReframedAnnual report
「We identified 3 environmental materialities: “Leading the Aluminum Circular Economy,” “Addressing Climate Change,” and “Conservation, Restoration and Creation of Nature (Nature Positive).”」
The company reorganized its environmental materiality framework from one centered on addressing climate change to one that also includes the circular economy and nature positive. - FY2023MitigatedAnnual report
「The results for fiscal 2022 will be disclosed after an independent assurance report has been obtained.」
As part of its response to climate change risks, the company is pursuing carbon neutrality for Scope 1 and 2 emissions by 2050, targeting a 30% reduction by fiscal 2030, and operating a Climate Change Countermeasures Promotion Committee and multiple working groups. - FY2022First statedAnnual report
「● Competitive disadvantage among materials and lost business opportunities due to inadequate efforts to reduce greenhouse gas (GHG) emissions, which are said to have a significant impact on climate change caused by global warming」
Inadequate action to reduce GHG emissions was explicitly identified for the first time as a key risk that could lead to competitive disadvantage among materials and lost business opportunities.