TCFD-Based Analysis of and Response to Climate-Change Risks and Opportunities
First written in FY2023-Q1. 3 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025Defining physical risksAnnual report
「Risk of business interruption due to increasingly severe storms and floods: climate change is increasing the risk of storms, floods and other natural disasters. If sales locations are affected, sales activities may become difficult and business opportunities may be missed.」
The company has explicitly added the physical risk of business interruption at sales locations due to storms, floods and other natural disasters to its previous climate-change scenario analysis. - FY2024RestatedAnnual report
「For the scenario analysis, the company adopted 1.5°C/2°C scenarios assuming a transition to a decarbonised society and a 4°C scenario prioritising economic activity. After identifying the key risks and opportunities under the two scenarios, it analysed the financial impacts both quantitatively and qualitatively and formulated measures to address them.」
The company continues to identify climate-related risks and opportunities under the 1.5°C/2°C and 4°C scenarios, quantify their impact on operating profit, and formulate response measures. - FY2023Quantified scenario analysis and financial impactsAnnual report
「When procurement costs for raw materials rise due to the introduction of a carbon tax or other factors: impact on operating profit: ¥750 million decrease. As regulations on GHG emissions and fluorocarbon use are tightened, demand for water-refrigerant products is expected to increase: impact on operating profit: ¥2.1 billion increase.」
Regarding its response to the TCFD, the company has analysed the 1.5°C/2°C and 4°C scenarios and quantified the impact on operating profit of the risk of higher raw-material costs and the opportunity for increased demand for water-refrigerant products. - FY2023-Q3RestatedAnnual report
「The group has announced its support for the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures). It analyzes climate-related risks and opportunities under 1.5°C/2°C and 4°C scenarios and discloses climate-related information based on the TCFD recommendations on its website, together with its responses. To address opportunities arising from climate change, the group is primarily promoting sales expansion for central air-conditioning systems that use less greenhouse gas and energy-efficient heat-pump air-conditioning systems. To address risks, it is primarily pursuing various productivity improvement measures in response to rising raw material prices resulting from the introduction of carbon taxes and other factors. If these measures are insufficient, the group’s operating results and financial condition may be affected.」
The company continues to support the TCFD recommendations, conduct analyses under multiple scenarios, expand sales of low-greenhouse-gas-emission and high-efficiency air-conditioning systems, and implement productivity improvement measures. - FY2023-Q2RestatedAnnual report
「The group has announced its support for the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures). It analyzes climate-related risks and opportunities under 1.5°C/2°C and 4°C scenarios and discloses climate-related information based on the TCFD recommendations on its website, together with its responses. To address opportunities arising from climate change, the group is primarily promoting sales expansion for central air-conditioning systems that use less greenhouse gas and energy-efficient heat-pump air-conditioning systems. To address risks, it is primarily pursuing various productivity improvement measures in response to rising raw material prices resulting from the introduction of carbon taxes and other factors. If these measures are insufficient, the group’s operating results and financial condition may be affected.」
The company continues to support the TCFD recommendations, conduct analyses under multiple scenarios, expand sales of low-greenhouse-gas-emission and high-efficiency air-conditioning systems, and implement productivity improvement measures to address rising raw-material prices due to carbon taxes and other factors. - FY2023-Q1First statedAnnual report
「The group has announced its support for the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures). It analyzes climate-related risks and opportunities under 1.5°C/2°C and 4°C scenarios and discloses climate-related information based on the TCFD recommendations on its website, together with its responses. To address opportunities arising from climate change, the group is primarily promoting sales expansion for central air-conditioning systems that use less greenhouse gas and energy-efficient heat-pump air-conditioning systems. To address risks, it is primarily pursuing various productivity improvement measures in response to rising raw material prices resulting from the introduction of carbon taxes and other factors. If these measures are insufficient, the group’s operating results and financial condition may be affected.」
For climate change, the company has for the first time presented risk and opportunity analyses under 1.5°C/2°C and 4°C scenarios, TCFD-based disclosure, expanded sales of central air-conditioning and heat-pump air-conditioning systems, and productivity improvement measures to address rising raw-material prices due to carbon taxes and other factors as a standalone risk disclosure.