Response to the TCFD Recommendations and Climate Scenario Analysis
First written in FY2022. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The scenario analysis covered the Group’s 3 principal businesses. Risks and opportunities were identified over short-, medium- and long-term time horizons, and the financial impact of climate change on the Group’s businesses as of 2030 was analyzed using a “1.5°C scenario,” in which decarbonization progresses further, and a “3°C scenario,” in which climate change measures do not advance.」
The scope of the TCFD analysis was expanded from Industrial Materials and Devices to include Medical Technology, confirming that the Medical business has relatively limited exposure to climate-related risks and financial impacts. - FY2023AdvancedAnnual report
「The scenario analysis covered the Devices and Industrial Materials businesses, 2 of the Group’s 3 principal businesses. Risks and opportunities were identified over short-, medium- and long-term time horizons, and the financial impact on the Group’s businesses as of 2030 was analyzed using a “1.5°C scenario,” in which decarbonization progresses further, and a “3°C scenario,” in which climate change measures do not advance.」
The TCFD analysis has been detailed to cover the businesses in scope, short-, medium- and long-term time horizons, 1.5°C and 3°C scenarios, and the financial impact as of 2030. - FY2022First statedAnnual report
「In January 2022, the Group expressed its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), and used the TCFD framework to analyze the financial impact of climate-related risks and opportunities on its business across 4 areas: governance, strategy, risk management, and metrics and targets.」
The Group expressed its support for the TCFD recommendations and analyzed climate-related risks and opportunities across 4 areas: governance, strategy, risk management, and metrics and targets. It assessed the impact as of 2030 using 3°C and 1.5°C scenarios.