Identifying Climate Change Risks and Opportunities through TCFD Scenario Analysis
First written in FY2023. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Our Group conducted analysis of the risks and opportunities arising from climate change and their impact on the business under two scenarios, referring to scenarios developed by the IPCC (Intergovernmental Panel on Climate Change), the IEA (International Energy Agency) and others: the “below 2°C” scenario, which is aligned with the Paris Agreement’s target, and the “4°C” scenario, in which CO2 emissions reductions are insufficient.」
For the TCFD scenario analysis, we detailed the risks, opportunities and response measures under the below-2°C and 4°C scenarios, including those related to regulation, markets, procurement, natural disasters and product demand. - FY2023First statedAnnual report
「To understand the risks and opportunities that future climate change may pose to business activities and their impact on the business, we forecast changes in the external environment as of 2050 and conducted scenario analysis recommended by the TCFD (Task Force on Climate-related Financial Disclosures).」
Looking ahead to 2050, we conducted TCFD scenario analysis using 2°C and 4°C scenarios and identified transition risks, physical risks and opportunities.