Response to Transition and Physical Risks Associated with Climate Change
First written in FY2022. 2 of 4 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
27 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「(Physical risks) The Company is reducing inventory costs by expanding local procurement and consumption, ensuring stable procurement through supply chain diversification and standardization of raw materials, and developing infrastructure to strengthen the resilience of plants and warehouses.」
The Company continues to address physical risks from climate change through local procurement and consumption, diversification, standardization of raw materials and infrastructure development. - FY2024MitigatedAnnual report
「(Physical risks) The Company is reducing inventory costs by promoting local procurement and consumption, ensuring stable procurement through supply chain diversification and standardization of raw materials, and developing infrastructure to strengthen the resilience of plants and warehouses.」
As measures to address physical risks from climate change, including supply chain disruptions and operational suspensions, the Company identified local procurement and consumption, diversification, standardization of raw materials and infrastructure development. - FY2023MitigatedAnnual report
「As measures to address short- to medium-term risks, the Company is working to renovate the Moka plant and implement thorough energy-saving measures to improve productivity. In the medium to long term, it is adopting and replacing materials with environmentally friendly alternatives, reducing procurement costs through local procurement and consumption, and developing and expanding sales of new CASE products.」
The Company has specified concrete measures to address climate-related transition risks, including plant renovations, energy conservation, environmentally friendly materials, local procurement and consumption, and CASE product development. - FY2022First statedAnnual report
「The Company identifies risks and opportunities through scenario analysis of the impact of climate change on its business and implements countermeasures, but the following risks could materialize if its response is inadequate or delayed. ① Climate change risks (Transition risks) In the short to medium term, risks include higher costs for capital investment and upgrades to decarbonize manufacturing processes, reviewing heat sources and greening electricity supplies, as well as higher wastewater treatment and waste disposal costs resulting from tighter environmental regulations. In the medium to long term, risks include higher procurement costs resulting from the introduction of carbon regulations and other measures, and lost opportunities and lower sales resulting from delays in responding to changes in markets and product demand, including CASE trends in the automotive industry, particularly the acceleration of electrification. (Physical risks) In the medium to long term, risks include supply chain disruptions caused by extreme weather, unstable energy supplies, the suspension of operations at plants and warehouses, and higher repair costs.」
The Company separately disclosed transition risks related to decarbonization, tighter regulations and delays in responding to CASE, and physical risks such as supply chain disruptions and operational suspensions caused by extreme weather.