Environmental Laws and Regulations, Product Regulations, and Compliance
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2023.
Nidec moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「◇ Established the Environmental Management Department in April 2022 ◇ Established the Sustainability Committee in August 2022」
The company established the Environmental Management Department and the Sustainability Committee to address environmental laws and regulations and decarbonisation. - FY2022WorsenedAnnual report
「As major countries around the world shift toward addressing climate change, market prices for metals and other materials required to build renewable energy generation facilities and manufacture electric vehicles (EVs), including aluminium and copper, have been trending upward.」
The company is specifying transition risks arising from environmental regulations, carbon taxes and border carbon taxes, as well as shortages of renewable energy and rising prices for metal materials. - FY2021WorsenedAnnual report
「The European Commission agreed to legislate a target of achieving net-zero greenhouse gas emissions by 2050. It also agreed on a new 2030 target of reducing emissions by at least 55% from 1990 levels.」
The company is specifying compliance cost risks associated with decarbonisation regulations, border carbon taxes and increasingly stringent environmental laws and regulations. - FY2018RestatedAnnual report
「Failure to comply with these regulations could result in fines, social sanctions, damage to reputation, suspension of operations and, ultimately, revocation of operating licences, any of which could have a material adverse effect on NIDEC's business.」
The company is reassessing compliance risks relating to environmental laws and regulations, product regulations, anti-bribery requirements and export controls. - FY2017RestatedAnnual report
「Failure to comply with these regulations could result in fines, social sanctions, damage to reputation, suspension of operations and, ultimately, revocation of operating licences, any of which could have a material adverse effect on NIDEC's business.」
The company is reassessing compliance risks relating to environmental laws and regulations, product regulations, anti-bribery requirements and export controls. - FY2016First statedAnnual report
「Environmental laws and regulations may be amended, revised or abolished by the relevant authorities. If these laws and regulations become more stringent, the investments and other expenditures required for continued compliance may increase, or it may become necessary to review the business, which could have a material adverse effect on NIDEC's business, operating results and financial condition.」
The company identifies increasingly stringent environmental laws and regulations, various regulations associated with product and market expansion, and compliance with anti-bribery and export control regulations as key challenges.