Physical and Transition Risks of Climate Change
First written in FY2024-Q3. 1 of 4 entries say "Reframed", first in FY2025. Latest entry: FY2026.
- FY2026RestatedAnnual report
「At the same time, we recognize initiatives to mitigate potential impacts on customers’ assets and businesses as a business opportunity for our Group.」
Reiterates the view that mitigating customer impacts is a business opportunity, in addition to managing physical and transition risks, while continuing scenario and portfolio analyses. - FY2025ReframedAnnual report
「At the same time, we recognize initiatives to mitigate potential impacts on customers’ assets and businesses as a business opportunity for our Group.」
Positions efforts to mitigate customer impacts as a business opportunity, rather than managing climate change solely as physical and transition risk. - FY2024Providing greater specificity to analysis and scopeAnnual report
「We conduct scenario analyses of physical and transition risks and believe their impact is limited. We also identify loans to four industry groups considered particularly exposed to climate change: energy; transportation; materials and buildings; and agriculture, food and forest products.」
Conducts scenario analysis of physical and transition risks and specifies four target industry groups. - FY2024-Q3First statedAnnual report
「Climate-related risks for our Group include physical risk, whereby natural disasters such as floods damage customers’ assets and those of our Group, and transition risk, whereby customers’ performance deteriorates due to changes in regulations or shifts in supply and demand as society transitions to decarbonization.」
Distinguishes between physical and transition risks related to climate change.