Climate Change-Related Transition and Physical Risks
First written in FY2023. 1 of 4 entries say "Advanced", first in FY2025. Latest entry: FY2026.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Initiated measures including relocation planning, reviews of BCPs and installation of flood barriers, based on the assumed inundation depths calculated through impact assessments.」
Responses to physical risks from climate change progressed from assessments of domestic and Indian sites and other locations to specific site measures based on inundation depth. - FY2025AdvancedAnnual report
「From fiscal 2023, we began analyzing the financial impacts based on our previously disclosed scenario analysis of climate change. This initiative is intended to assess globally the impact of natural-disaster risks, such as typhoons, floods and storm surges caused by rising temperatures, and to use the results to reduce or avoid risks and support business continuity.」
Climate risk initiatives progressed from scenario analysis to global assessment of the financial impacts of natural disasters and incorporation of the results into business continuity planning, including assessments of domestic and Indian sites and primary domestic suppliers. - FY2024Initiated assessment of the financial impacts of climate risksAnnual report
「Starting this fiscal year, we also began analyzing the financial impacts based on our previously disclosed scenario analysis of climate change. This initiative is intended to assess globally the impact of natural-disaster risks, such as typhoons, floods and storm surges caused by rising temperatures, and to use the results to reduce or avoid risks and support business continuity.」
Climate change risk initiatives progressed from organizing transition and physical risks to globally assessing the financial impacts of natural disasters and incorporating the results into business continuity planning. - FY2023First statedAnnual report
「Among the transition risks associated with the shift to a low-carbon society, the risks our group recognizes as particularly significant include fines and lost sales opportunities resulting from tighter CO2 and fuel-efficiency regulations for automobiles, increased research and development costs to comply with regulations, and increased operating costs resulting from the introduction or tightening of carbon taxes and other measures.」
Climate change risks were organized into transition and physical risks, with CO2 and fuel-efficiency regulations, carbon taxes, water resources, damage to sites from natural disasters and supply-chain disruptions disclosed separately as major risks.