Impact of Climate Change on Insurance, Investment and Corporate Value
First written in FY2022. 1 of 3 entries say "Reframed", first in FY2024. Latest entry: FY2025.
- FY2025Development of TCFD scenario analysisAnnual report
「To properly understand the impact of climate change, the company assumes a scenario in which the transition to a low-carbon economy advances and a scenario in which temperature increases accelerate because greenhouse gas emissions reductions do not progress sufficiently, and analyzes changes in the business environment under each scenario.」
The company developed its climate change risk analysis in line with the TCFD by separating transition and physical risks and incorporating multiple scenarios, time horizons, impact levels and response measures. - FY2024ReframedAnnual report
「To understand the impact of future climate change on its business activities, the group will make disclosures in accordance with the framework advocated by the TCFD.」
The company organized climate change risks into physical and transition risks for its insurance business and asset management operations, and is advancing a disclosure policy aligned with the TCFD framework. - FY2022First statedAnnual report
「The possibility of long-term climate change may have adverse effects not only on the international community but also on the life insurance industry, including the company.」
The company classified increased insurance payouts resulting from infectious diseases, extreme weather and natural disasters associated with climate change, declines in investment value and deterioration in social reputation due to inadequate responses as new major risks.