Failure to Meet Environmental Impact Reduction Targets and Environmental Pollution Risks
First written in FY2016. 4 of 5 entries say "Worsened", first in FY2019. Latest entry: FY2022.
Nitto Denko moved to the "Worse" side of this theme in 2019.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「If renewable energy prices, carbon taxes, emissions trading prices or other costs rise sharply, manufacturing costs will inevitably increase, potentially affecting the performance of the Group.」
The environmental risk discussion specified the increase in manufacturing costs resulting from higher renewable energy prices, carbon taxes and emissions trading prices. - FY2021WorsenedAnnual report
「The Group operates businesses subject to strong social expectations regarding environmental issues, including growing momentum for climate change measures and measures addressing waste plastics, as well as increasingly stringent environmental laws and regulations. If the Group cannot meet requests from stakeholders and customers who place importance on these matters, its performance may be affected. In particular, the Group uses substantial amounts of chemicals and plastics. If environmental regulations concerning these materials are strengthened, sales of existing products may become difficult, or unexpected accidents or unforeseen environmental pollution may occur, which could affect the Group's performance.」
The discussion of environmental risks was expanded to include climate change, measures to address waste plastics, chemical and plastics regulations, and the increasing difficulty of selling existing products. - FY2020WorsenedAnnual report
「The Group operates businesses subject to strong social expectations regarding environmental issues, amid increasingly stringent environmental laws and regulations and growing momentum for climate change measures such as CDP (formerly the Carbon Disclosure Project) and RE100 (100% Renewable Electricity). The Group's performance may be affected if it cannot meet requests from customers who place importance on these matters.」
In addition to environmental laws and regulations, requests to respond to climate change initiatives such as CDP and RE100 were identified as specific risks. - FY2019WorsenedAnnual report
「If relevant laws and regulations or international initiatives are significantly strengthened, substantial response costs may arise and affect the Group's performance.」
In relation to environmental risks, additional response costs resulting from stronger environmental laws and regulations as well as international initiatives were explicitly identified. - FY2016First statedAnnual report
「No serious environmental problems have occurred to date. However, if the Group fails to achieve its planned results in reducing environmental impact, or if unforeseen environmental pollution occurs due to an unexpected accident or natural disaster, significant response costs may arise and affect the Group's performance.」
Although no serious environmental problems have occurred, failure to achieve reduction plans and pollution caused by accidents or disasters were identified as risks.