Addressing Physical and Transition Risks from Climate Change
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
15 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Group has set a target of achieving net-zero GHG emissions across its entire value chain by fiscal 2050. It has also established medium-term targets for fiscal 2030 and obtained SBT validation for those targets.」
The response to climate change risk was made more specific through an SBT-validated target of achieving net-zero emissions across the entire value chain by fiscal 2050, and reducing Scope 1 and 2 emissions by 90% and Scope 3 emissions by 25% by fiscal 2030. - FY2025AdvancedAnnual report
「After sharing the finding that Scope 3 GHG emissions from the Company's first-tier suppliers account for approximately 60% of the total, the Company established "reducing emissions at the product design stage" as a key strategy for reducing Scope 3 GHG emissions.」
The climate change response was advanced into specific strategies involving an emissions survey of first-tier suppliers and Scope 3 reductions at the product design stage. - FY2023AdvancedAnnual report
「Based on information from the IPCC (Intergovernmental Panel on Climate Change) and the IEA (International Energy Agency), physical scenarios (RCP8.5 and RCP2.6) and transition scenarios (STEPS and NZE) were selected, and analysis was conducted under 4°C and 1.5°C scenario conditions.」
Climate change risk management was made more specific through TCFD-based 4°C and 1.5°C scenario analysis, physical and transition risk assessments, and integration into the risk map. - FY2022First statedAnnual report
「The Group recognizes that climate change-related risks could have a significant impact on its business activities. In September 2020, the Company announced its support for the Task Force on Climate-related Financial Disclosures (TCFD) and conducts scenario analysis in line with the TCFD disclosure recommendations. The Company analyzes climate change-related risks and opportunities, including physical risks such as supply chain disruptions caused by increasingly severe disasters associated with extreme weather and the suspension of its own operations, as well as the response to new regulations, cost reductions through energy conservation and entry into new markets, and will link the results to its business strategy to pursue sustainable growth and an appropriate response to risks.」
Climate change was identified as a standalone material risk, covering physical risks such as supply chain disruptions and operational shutdowns caused by extreme weather, and transition risks such as regulations, customer requirements and carbon pricing. TCFD scenario analysis was presented as a response measure.