Response Costs and Delay Risks Associated with Environmental Regulations and Climate Change
First written in FY2021. 2 of 3 entries say "Mitigated", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「To achieve the social goal of carbon neutrality by 2050, the Group conducted scenario analyses for 2030 and 2050 in line with the TCFD recommendations, identified 9 risks and 4 opportunities, and assessed their impact on sales, profits, and other areas.」
Regarding climate change risks, the Company assessed financial impacts under multiple scenarios and presented measures including supply-chain resilience, GHG emissions reductions, and information disclosure. - FY2022MitigatedAnnual report
「The Group has begun initiatives to comply with environmental regulations and related laws and regulations and mitigate climate change, but the costs required to comply with regulations aimed at achieving a low-carbon society and to implement related initiatives may increase.」
Regarding environmental regulations and climate change, the disclosure progressed from plans to begin initiatives to stating that initiatives had begun. Meanwhile, the risks related to response costs and the impact of inadequate or delayed action continued. - FY2021First statedAnnual report
「Addressing global environmental issues and climate change is one of society's challenges. The Group also plans to actively begin initiatives to comply with environmental regulations and related laws and regulations and mitigate climate change, but the costs required to comply with regulations aimed at achieving a low-carbon society and to implement related initiatives may increase. In addition, if the response is difficult, inadequate, or delayed, this may affect the Group's activities, financial condition, and operating results.」
The Company disclosed as a new risk that responding to environmental regulations and climate change could require higher costs and that difficulties, inadequacy, or delays in the response could affect the business.