Addressing Transition and Physical Risks from Climate Change
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The company organized the risk and opportunity items, business impacts, time horizons, likelihood of occurrence and degree of impact, and qualitatively assessed climate-related risks and opportunities.」
For climate-related risks, the company has organized short-, medium- and long-term time horizons, likelihood of occurrence, and the degree of impact on revenue, expenses and profit, and is expanding its scenario analysis. - FY2024AdvancedAnnual report
「The analysis found that fluctuations in carbon and energy prices are expected to have an impact of several hundred million yen, limiting the effect on the group's finances. Under the assumptions used in this analysis, the group is considered resilient to the risks analyzed.」
The company conducted scenario analysis of climate-related risks and estimated the impact of carbon and energy prices at several hundred million yen. The analysis has progressed from a qualitative listing of risks to an assessment of their financial impact and the group's resilience. - FY2023First statedAnnual report
「If the government introduces a carbon tax in Japan, it could reduce our group’s earnings. Assuming a carbon tax of ¥10,000 per t-CO2e, we believe the impact would be significant.」
For the first time, the company is systematically disclosing transition risks, such as carbon taxes, and physical risks, such as extreme weather, in line with the TCFD Recommendations.