Impact of climate change and extreme weather on business activities and corporate value
First written in FY2020. 2 of 5 entries say "Reframed", first in FY2021. Latest entry: FY2026.
11 other companies' latest entry also says "Other".
- FY2026Further detail on scenario analysisAnnual report
「As in the previous year, the company conducted an analysis using two scenarios: “1.5/2°C,” in which climate change measures are implemented in line with the goals of the Paris Agreement, and “4°C,” in which climate change measures are not implemented and the effects of climate change occur, referring to the typical risks and opportunities illustrated by the TCFD.」
The existing TCFD response has been expanded to provide greater detail on business and financial impacts and response measures, including 1.5/2°C and 4°C scenarios, carbon taxes, natural disasters and DX businesses. - FY2025ReframedAnnual report
「The company conducted an analysis using two scenarios: the “1.5/2°C scenario,” in which climate change measures are implemented, and the “4°C scenario,” in which climate change measures are not implemented and the effects of climate change occur, referring to the typical risks and opportunities illustrated by the TCFD.」
Climate change risk was analyzed under TCFD-aligned 1.5/2°C and 4°C scenarios, linking carbon taxes, natural disasters and opportunities arising from DX to financial impacts and response measures. - FY2023TCFD response and more specific targetsAnnual report
「In November 2021, the Group announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and has been advancing related initiatives.」
For climate change risk, the company discloses its support for the TCFD, governance through the Environmental, Sustainability and Risk Management Committees, and its scenario analysis framework. - FY2021ReframedAnnual report
「The Group is developing environmentally friendly products based on climate-related policies and regulations and market requirements. However, if the resulting transition risk increases beyond expectations, costs may increase, sales opportunities may be lost, and corporate value may decline due to damage to the corporate brand, affecting the Group's performance. In addition, if extreme weather events such as typhoons and torrential rains, which have increased in recent years due to climate change, or large-scale natural disasters such as earthquakes occur and physical risk increases, the Group's business activities may be restricted and performance may be affected.」
Climate change risk is organized into transition risk related to regulation and market responses and physical risk related to extreme weather and natural disasters. - FY2020First statedAnnual report
「Climate change is a material issue for the Group, which operates globally. Based on climate-related policies and regulations and market requirements, the Group is developing environmentally friendly products; however, if these regulations become more stringent than anticipated, costs may increase, sales opportunities may be lost, and corporate value may decline due to damage to the corporate brand, affecting the Group's performance. In addition, if extreme weather events such as typhoons and torrential rains, which have increased in recent years due to climate change, or large-scale natural disasters such as earthquakes occur, the Group's business activities may be restricted and performance may be affected.」
Climate change was explicitly classified as a material issue in the risk classification for the first time, covering tighter regulations, responses involving environmentally friendly products, and the impact of extreme weather and natural disasters.