Management of transition and physical risks from climate change
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2025.
35 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Types of risks and opportunities Risk Opportunity Response Transition risks Policy Tightening of GHG emissions regulations Introduction of carbon taxes and other measures Contraction of the gasoline and diesel internal combustion engine vehicle business Higher production costs from CO₂ reduction measures Soaring material, parts and energy prices － Introduction of highly efficient and energy-saving equipment Optimized procurement and introduction of in-house power generation facilities」
Climate change risks are categorized into policy, market, technology, reputational, acute physical and chronic physical risks, with responses including NEV development, energy-saving equipment, renewable energy, procurement and BCP measures. - FY2023First statedAnnual report
「Environmental risks, including climate change, are classified into risks associated with the transition to a decarbonized society (transition risks) and risks of physical damage resulting from extreme weather events, changes in climate patterns and other factors (physical risks).」
The company identifies GHG emissions regulations and carbon taxes, soaring material and energy prices, contraction of the internal combustion engine market, delays in NEV development, and procurement stoppages caused by extreme weather as climate change risks, which are to be managed as priority risks by the Global Risk Management Committee.