Supporting the TCFD Recommendations and Assessing and Disclosing Climate Change Impacts
First written in FY2020. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The transition risks assumed in the scenarios above were analyzed by defining the SDS and NZE scenarios in the IEA's World Energy Outlook as progressive and ambitious scenarios, respectively. The analysis quantified CO2 emissions, carbon taxes, crude oil prices, renewable energy ratios and the ratio of new electric vehicles through 2040, and analyzed opportunities and risks based on the differences from the company's strategy.」
The company has advanced its TCFD-based climate analysis to include IEA and IPCC scenarios, quantitative analysis through 2040, board approval, and management by the Sustainability Committee and Risk Management Committee. - FY2024AdvancedAnnual report
「The transition risks assumed in the scenarios above were analyzed by defining the B2DS and SDS scenarios in the IEA's World Energy Outlook as progressive and ambitious scenarios, respectively. The analysis quantified CO2 emissions, carbon taxes, crude oil prices, renewable energy ratios and the ratio of new electric vehicles through 2040, and analyzed opportunities and risks based on the differences from the company's strategy.」
The company has progressed from supporting TCFD and considering analysis to conducting quantitative analysis through 2040 using IEA and IPCC scenarios, board oversight, and disclosure of financial impacts and response costs. - FY2023AdvancedAnnual report
「While reviewing scenario analyses for the automotive industry and comparing them with its understanding of the business environment under its medium- to long-term strategy, the company developed comprehensive scenarios, analyzed the differences between those scenarios and its own medium- to long-term strategy, and identified items equivalent to a business impact of ¥10 billion or more as material items.」
The company has progressed from supporting TCFD and considering analysis to conducting variance analysis using external scenarios, quantifying financial impacts, and incorporating response costs into its business strategy. - FY2021AdvancedAnnual report
「The consolidated companies considered how to analyze, based on scenarios, the impacts of climate change on the business and the resulting opportunities and risks, and how to reflect them in business strategy, referring to the framework of the Task Force on Climate-related Financial Disclosures (TCFD), which they announced their support for in 2019, while seeking to maximize the value provided by the Environment pillar set out in the long-term vision for a sustainable mobility society.」
The company has progressed from expressing support for TCFD to considering scenario-based analysis of the impacts, opportunities and risks of climate change and their incorporation into business strategy. - FY2020First statedAnnual report
「To clearly demonstrate its commitment to assessing climate change-related risks, opportunities and impacts, the company supports the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and will continue to assess and disclose the impacts of climate change.」
The company has, for the first time, explicitly stated its support for the TCFD recommendations and its assessment and ongoing disclosure of climate change-related risks, opportunities and impacts.