Natural disaster and transition risks arising from climate change
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
34 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The increasing frequency and severity of torrential rains, typhoons and other events may cause construction delays and supply chain disruptions, while the transition to a low-carbon and decarbonized society may bring tighter regulations and changes in policies and markets. If the Group's response is delayed, these factors may affect its results of operations and financial position through higher business costs and declines in demand for the construction and renewal of various plants.」
The company continues to disclose the risks of natural disasters caused by climate change, supply chain disruptions, and regulatory, policy and market changes, together with its response based on the TCFD recommendations. - FY2023First statedAnnual report
「The increasing frequency and severity of torrential rains, typhoons and other events may cause construction delays and supply chain disruptions, while the transition to a low-carbon and decarbonized society may bring tighter regulations and changes in policies and markets. If the Group's response is delayed, these factors may affect its results of operations and financial position through higher business costs and declines in demand for the construction and renewal of various plants.」
Natural disasters caused by climate change, supply chain disruptions, and regulatory, policy and market changes were newly disclosed separately as risks that could lead to construction delays, higher costs and weaker demand. The company also disclosed its endorsement of the TCFD recommendations and the formulation of response measures.