Business and Financial Impacts of Climate Change and Extreme Weather
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026Disclosing climate scenario analysis and earnings impactsAnnual report
「The company assumed the society of 2050 under two scenarios in which the global average temperature rises by 1.5°C and 4°C compared with pre-industrial levels by the end of this century, and analysed the risks and opportunities under each scenario.」
Climate change risk disclosure was developed from descriptions of risks and responses into analysis covering 1.5°C and 4°C scenarios, 2050, time horizons and earnings impacts. - FY2024Clarifying the framework for analysing and assessing climate change risksAnnual report
「For climate change-related matters, the Sustainability Committee and its subordinate Environmental Management Committee conduct analysis and assessment in line with the TCFD or an equivalent framework, coordinate with the Risk Management Committee and advance related initiatives.」
For climate change risks, the company moved beyond its previous standalone risk disclosure to specify an operating framework involving analysis and assessment in line with TCFD and similar frameworks by the Sustainability Committee and Environmental Management Committee, in coordination with the Risk Management Committee. - FY2023First statedAnnual report
「As global warming rapidly worsens worldwide, unprecedented large-scale natural disasters associated with extreme weather, such as massive flooding, may occur, as may major earthquakes caused by crustal movements. The resulting severe human and property damage may have a material impact on the Group's operating results and financial position.」
Separately from conventional disaster and environmental regulatory risks, the company disclosed the effects of global warming, extreme weather, large-scale natural disasters and GHG emissions on operating results and financial position as standalone climate change risks.