Scenario Analysis of Climate-Related Risks and Opportunities Based on the TCFD Recommendations
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The main climate-related risks identified include the loss of revenue opportunities if the development and enhancement of products addressing climate change do not progress, the possibility of losing the confidence of customers, shareholders and others if reductions in the company's CO₂ emissions are insufficient, and the impact on group production activities from unprecedented natural disasters, particularly wind and flood damage. The main opportunities identified include enhancing corporate value through the provision of products and technologies that contribute to resolving climate change issues, and gaining the confidence of stakeholders by having the company's environmental initiatives evaluated positively.」
Based on TCFD 2°C and 4°C scenario analyses, the company has specified climate-related risks and opportunities in terms of revenue opportunities, stakeholder confidence, production activities, and the provision of products and technologies. - FY2024AdvancedAnnual report
「In September 2023, we also announced our support for the Task Force on Climate-related Financial Disclosures (TCFD; now succeeded by the ISSB). We will continue enhancing our disclosures in line with the TCFD Recommendations and work to strengthen relationships of trust with our stakeholders.」
The company announced its support for the TCFD and began disclosures aligned with its Recommendations, while advancing its response to climate-related risks and opportunities. - FY2023First statedAnnual report
「The Company has identified the “risks” and “opportunities” arising from climate change. It analyses transition risks using a 2°C scenario and physical risks using a 4°C scenario.」
For the first time, the company describes initiatives to identify climate-related risks and opportunities based on the TCFD Recommendations and analyze them under 2°C transition-risk and 4°C physical-risk scenarios.