Physical and Transition Risks of Climate Change and Business Opportunities
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2025.
23 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The scenario analysis confirmed that urgent issues under the 1.5°C–2°C scenario included higher costs due to stronger carbon pricing, the suspension of business transactions due to delays in responding to environmentally friendly products, and operational shutdowns caused by flooding.」
The company continued its climate change scenario analysis and organised risks including carbon pricing, delays in responding to environmentally friendly products and operational shutdowns caused by flooding, together with their time horizons and financial impacts. - FY2024AdvancedAnnual report
「Based on these scenarios, the company assumed the world under temperature increases of 1.5°C–2°C (mainly using SSP1-1.9, SSP1-2.6, RCP2.6, SDS and NZE) and 4°C (mainly using SSP5-8.5 and RCP8.5), and identified the following material risks and opportunities.」
The company continued scenario analysis of climate change risks and opportunities based on 1.5°C–2°C and 4°C scenarios, organising the time horizons and financial impacts of carbon pricing, floods, droughts and environmentally friendly products. - FY2023AdvancedAnnual report
「Risk category Business impact/content Time horizon Business/financial impact 1.5°C 4°C」
The company conducted 1.5°C and 4°C scenario analyses for climate change and organised risks such as carbon taxes and emissions regulations, floods and other water-related disasters, and water restrictions by short-, medium- and long-term time horizon and impact level. - FY2022First statedAnnual report
「As a result, increased demand for environmentally friendly products and aerosol products for pest control due to rising average temperatures were identified as major opportunities, while physical risks from a sharp increase in natural disasters and transition risks from the introduction of carbon pricing were identified as urgent issues.」
For climate change, the company for the first time specifically organised demand opportunities for environmentally friendly products and the physical risks associated with increased natural disasters and transition risks associated with carbon pricing as major risks and opportunities.