Risk of Delays in Addressing Climate Change and Rising Costs
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Group has identified climate-change risks, including carbon-emissions regulations and extreme weather, and opportunities, including growing demand for renewable energy and the shift to EVs. As strategies to address these, it is implementing energy-saving initiatives and developing products for EVs.」
The company disclosed its assessment of climate-change risks and opportunities based on 1.5°C and 4°C scenarios, progress management for CO2 emissions, and measures including energy conservation, renewable energy and EV product development. - FY2025AdvancedAnnual report
「The Group is working to accurately monitor domestic and overseas climate-change policies and regulations, the nature of social demands, market conditions and customer needs, while making maximum use of the core technologies it has developed over many years so that it can rapidly develop and provide technologies and products that contribute to global society.」
The company is advancing specific responses to climate-change risks and opportunities, including a dedicated organisation, its Wind Turbine Technology Research Institute, product development for EVs and alternative fuels, and initiatives toward carbon neutrality. - FY2024AdvancedAnnual report
「To understand the impact of climate change on the Group’s businesses, we conducted an analysis of risks and opportunities covering all of the Group’s businesses using the following 2 types of scenarios.」
The company conducted a climate-change risk and opportunity analysis covering all businesses under 1.5°C and 4°C scenarios, and disclosed the expected timing of occurrence by classifying it as around 2025, around 2030 or around 2050. - FY2021First statedAnnual report
「The Group is pursuing initiatives to achieve the various targets set out in the SDGs, taking into account domestic and overseas climate-change policies and regulations and requests from stakeholders. However, higher costs associated with research and development, capital expenditure and other activities, as well as opportunity losses resulting from delays in these initiatives, could affect the Group’s business performance and financial condition.」
The company newly added climate-change risk to its business risks and disclosed higher costs associated with responding to policies and regulations, as well as opportunity losses resulting from delays in its response. Its measures include monitoring policy developments, market conditions and customer needs, and rapidly developing technologies and products using its core technologies.