Scenario Analysis of Climate-Related Risks and Opportunities in Line with the TCFD Recommendations
First written in FY2020. 6 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Company completed scenario analysis for its principal businesses from fiscal 2019 through fiscal 2025」
The Company completed climate scenario analysis for its principal businesses and, from fiscal 2025, revised the scenarios to 1.5°C and above-2°C scenarios. It has progressed to a climate transition plan, a GHG roadmap and assessments of the financial impact by business. - FY2025AdvancedAnnual report
「In fiscal 2023, the Company completed scenario analysis for its copper foil, battery and FITEL products businesses and is continuing to expand the businesses covered in stages by business area, including conducting scenario analysis for its industrial wires and equipment business.」
The TCFD scenario analysis was expanded to and completed for copper foil, batteries and FITEL products, and is being further expanded to the industrial wires and equipment business. - FY2024AdvancedAnnual report
「In fiscal 2023, the Company completed scenario analysis for its copper foil, battery and FITEL products businesses. It continues to expand the businesses covered in stages by business area.」
The scope of the TCFD scenario analysis was expanded to copper foil, batteries and FITEL products, and the analyses were completed. - FY2023AdvancedAnnual report
「In fiscal 2022, to accelerate efforts toward carbon neutrality by 2050, the Company revised Environmental Target 2030 and applied for SBT 1.5°C validation. Accordingly, it also revised the scenarios for the businesses previously covered by its scenario analysis to 1.5°C and 4°C scenarios.」
The TCFD scenario analysis was revised from the previous below-2°C and 4°C scenarios to 1.5°C and 4°C scenarios, in line with the revision of Environmental Target 2030 and the application for SBT 1.5°C validation. - FY2022AdvancedAnnual report
「Support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), implementation of scenario analysis, identification of flood and drought risks arising from climate change, and formulation of response measures」
The Company continued its TCFD scenario analysis and incorporated the identification of flood and drought risks and the formulation of response measures into its risk management. - FY2021AdvancedAnnual report
「The Company recognizes the importance of capturing revenue opportunities arising from climate change and appropriately addressing related risks. Going forward, it will expand the businesses covered by its scenario analysis and conduct more specific analysis toward disclosing the financial impact.」
The Company indicated its policy of advancing the TCFD scenario analysis conducted for 3 priority businesses toward expanding the businesses covered and analyzing the financial impact for disclosure. - FY2020First statedAnnual report
「During the fiscal year, the Company participated in the Ministry of the Environment's TCFD (*2)-aligned climate-related risk and opportunity scenario analysis support program and began conducting scenario analysis. In January of the same year, it also announced its support for the TCFD Recommendations.」
The Company recognized climate change as an important management issue, participated in the TCFD support program, began scenario analysis and expressed its support for the Recommendations.