Climate Change Response and Disclosure in Line with the TCFD Recommendations
First written in FY2023. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Estimated an approximately ¥1.8 billion increase in credit-related costs through 2050」
Continued climate change scenario analysis covering 10 sectors and 100 companies, quantifying the increase in credit-related costs from transition risk at approximately ¥1.8 billion, the increase from physical risk at up to approximately ¥4.3 billion, and building damage at up to approximately ¥800 million. - FY2025AdvancedAnnual report
「The 10 largest borrowers by credit exposure in each of the 10 sectors, for a total of 100 companies: metal mining; land transportation, railways, aviation and logistics services; food; machinery; textiles, apparel and luxury goods; construction and civil engineering; electric power; electrical equipment; automobiles; and chemicals.」
Specified the scope of transition risk in its climate change scenario analysis as 10 sectors and 100 companies, and estimated an approximately ¥2.6 billion increase in credit-related costs through 2050. - FY2024AdvancedAnnual report
「We regard addressing climate change as a priority and, to support the sustainable growth of local communities and customers, announced our endorsement of the TCFD (Task Force on Climate-related Financial Disclosures) in May 2021 as Hokkokubank and in May 2022 as Hokkoku Financial Holdings.」
Advanced its TCFD response to include transition risk analysis for 6 sectors, physical risk analysis for the 3 prefectures of Hokuriku, and disclosure of estimated impacts through 2050. - FY2023First statedAnnual report
「In May 2022, we endorsed the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures). We will further advance our initiatives related to climate change and enhance disclosure in line with the TCFD Recommendations.」
Presented a framework for addressing climate change through TCFD endorsement, oversight by the Board of Directors, cross-functional projects and discussions at Group Strategy Meetings.