Risk of Higher Costs and Business Interruption Associated with Environmental Regulation and Climate Change
First written in FY2020. 1 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
30 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Based on an analysis under the decarbonization scenario (1.5°C) and current-policy scenario (4°C), the Company evaluated and organized the impacts on its business, strategy and finances as follows.」
The company analyzed market opportunities, declining demand, physical risks, and supply chain disruptions under 1.5°C and 4°C climate change scenarios, and provided more concrete details through explanations of its transition plan and resilience. - FY2023ReframedAnnual report
「Based on an analysis under the decarbonization scenario (1.5°C) and current-policy scenario (4°C), the Company evaluated and organized the impacts on its business, strategy and finances as follows.」
The description of risks related to environmental regulations and climate change has developed from a general explanation of the risks of higher costs and business interruption to an analysis of business, strategic and financial impacts based on 1.5°C and 4°C scenarios. - FY2021RestatedAnnual report
「However, if circumstances arise in the future that make compliance with environmental regulations extremely difficult or if unforeseen events occur, costs related to environmental measures may increase and business activities may be suspended, potentially affecting the Group's results of operations and financial position.」
The risks of higher costs and business suspension if responding to environmental regulations and climate change becomes difficult continue to be identified. - FY2020First statedAnnual report
「However, if an event that makes adaptation to environmental regulations extremely difficult or another unforeseen event occurs in the future, costs related to environmental measures could increase and business activities could be suspended, potentially affecting the Group’s operating results and financial position.」
The risk of higher costs and business suspension if adaptation to environmental regulations or climate change becomes difficult was first disclosed as a standalone item, alongside the Group’s CO2 reduction targets and SBT and TCFD initiatives.