Physical and transition risks and business opportunities arising from climate change
First written in FY2022. . Latest entry: FY2025.
15 other companies' latest entry also says "Other".
- FY2025Additional assessment of climate change risks and business opportunitiesAnnual report
「The company has also confirmed the potential to capture business opportunities through improved environmental performance of its products, based on multiple parameters derived from other IPCC future projection scenarios.」
In addition to risks such as flooding and storm surges, carbon taxes and higher electricity prices, the company identified business opportunities from improving the environmental performance of its products. - FY2023Scenario analysis and response measures made more specificAnnual report
「The Group identifies climate change-related risks and opportunities across its entire value chain, from procurement through production and supply, and examines and analyzes their impact on the business and potential responses. Drawing on scenarios published by the IPCC and IEA, it has established two scenarios: a 4°C scenario, under which global average temperatures rise by 4°C by around 2100 compared with the period around the Industrial Revolution, and a below-2°C scenario, under which the temperature increase is limited to 1.5°C to below 2°C as society transitions to decarbonization. The Group analyzes the impact on its business as of 2030 under each scenario.」
The company is analyzing the impact of climate change risks across the entire value chain as of 2030 under 4°C and below-2°C scenarios and using the results to consider responses. - FY2022First statedAnnual report
「Under the 4°C scenario, physical risks, including flood and storm-surge damage resulting from increasingly severe extreme weather, are expected to expand, with direct damage in Thailand and Vietnam expected to be particularly significant. Under the below-2°C scenario, the scale of such damage is expected to be smaller than under the 4°C scenario, but we estimate a modest increase in operating costs due to the introduction of carbon taxes and higher electricity prices in each country.」
Based on the TCFD Recommendations, the company is assessing the potential impacts of flooding and storm surges in Thailand and Vietnam, carbon taxes, and higher electricity prices under 4°C and below-2°C scenarios.