Transition and physical risks and opportunities associated with climate change
First written in FY2023. 1 of 3 entries say "Reframed", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group has extracted and identified the transition risks, physical risks and opportunities that it needs to address in its business areas, as set out below.」
The company continues to disclose climate change-related transition risks, physical risks and opportunities organized by factors such as policy, markets, reputation, natural disasters, water stress and renewable energy. - FY2025ReframedAnnual report
「The Group examined the risks and opportunities it faces in connection with climate change. The risks and opportunities associated with climate change include those arising from the transition to a low-carbon economy and society, such as tighter laws and regulations concerning GHG emissions, and those arising from physical changes, such as more severe weather-related disasters.」
Climate change risk disclosures were made more specific by organizing transition risks, physical risks and opportunities into categories such as markets, technology, laws and regulations, reputation and natural disasters. - FY2023First statedAnnual report
「The risks and opportunities associated with climate change include those arising from the transition to a low-carbon economy and society, such as tighter laws and regulations concerning GHG emissions, and those arising from physical changes, such as more severe weather-related disasters.」
For climate change, the company has systematically identified transition risks, including carbon taxes, energy costs and plastic regulations; physical risks, including natural disasters, water stress and rising average temperatures; and opportunities, including digital transformation and renewable energy.