Transition and Physical Risks from Climate Change
First written in FY2022. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
15 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「No significant risks arising from the impact of climate change were identified at this stage under any of the scenarios, but the Group will continue implementing appropriate measures to address the identified risks.」
Across the 3 businesses, transition and physical risks, including carbon taxes, regulations, raw material prices, EVs and extreme weather, were assessed by scenario, and the analysis indicated that no significant risks have been identified at this stage. - FY2023AdvancedAnnual report
「No significant risks arising from the impact of climate change were identified at this stage under any of the scenarios, but the Group will continue implementing appropriate measures to address each risk.」
The impact of climate-related risks, including carbon taxes, regulations, raw material prices and extreme weather, was assessed by scenario, and the analysis indicated that no significant risks have been identified at this stage. - FY2022First statedAnnual report
「If the world transitions to a low-carbon society, the Group may need to address tighter environmental laws and regulations, including greenhouse gas emissions regulations, energy-efficiency regulations and carbon taxes, as well as requests from customers and others. This could result in additional costs or lost opportunities if required standards are not met. Meanwhile, the impact of natural disasters associated with climate change could reduce factory production capacity or disrupt the supply of raw materials through supply-chain disruptions, potentially affecting the Group’s operating performance and financial position.」
The Group has newly provided detailed disclosure of transition and physical climate risks, including the costs of responding to carbon taxes, environmental regulations and customer demands, lost opportunities, factory shutdowns caused by flooding and other events, and supply-chain disruptions.